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3 Finance Tips for the Self-Employed

Being self-employed is amazing. It is one of the best things I have ever done. I really can’t imagine working for anyone ever again. It feels liberating to be able to dictate the pace in which I work. And being able to work from home whilst care for my growing kids is a blessing. I am super thankful everyday for this amazing life I have been blessed with.

 

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Having said that, managing the finances can be a little tricky when you are self-employed. Especially when you are dealing with clients that never pay your invoices on time. I have had to put on my accountant hat to keep my business thriving. For those who do not know, I have a degree in Accounting (graduated university in 2006) but only practised for 1 year. The story surrounding that is a whole new blog post for another day.

Here are some finance tips I have picked up in my self-employment journey.

 

Be Careful with Credit

As a self-employed person, you need to be very careful with credit, especially credit cards. You may find it super easy to shop on your credit cards, especially when you are dealing with late payments and need to survive. If you must get some kind of credit to survive, make sure you understand the payment terms and don’t get carried away with spending money that isn’t yours.

If you have to deal with unforeseen circumstances and need quick money, a company like Cash Lady could come in handy. This company helps customers to find short-term finance solutions. So they are good for when your boiler or car break down, or when you need money quickly for urgent home improvements.

 

Keep Records

I am always on top of my records. Leaving it all until the end of the tax year will stress the life out of me. So I make a note of money coming in and going out.

Sending invoices is a great way to keep track of your money. I always send out an invoice for every project I work on. Even if the client does not request one. I need it for my books, so I get invoices sent out for my records.

 

Claim the Expenses

When filing my tax return, I make sure I claim every expense. This advice also links back to the keeping records tip. I always keep track of every expense, all year round. This makes it easier for me to claim the right amount of expenses. If you are not sure what you could claim as an expense, here is a detailed list of all expenses the self-employed are allowed to claim.

 

I hope you find these finance tips useful. If you have any finance tips for the self-employed, please share in the comments section below.

 

*Collaborative post.

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How to Effectively Work from Home

Working from home is a great opportunity. If you have the privilege of working from home, I say grab it with 2 hands. It is good to be able to work from home or anywhere you find yourself. But it can be very tricky when it comes to finances. Working from home can also have both a positive and negative affect on your mental health.

It’s very important to set up a good space to work in that will allow you to work effectively and feel comfortable. The following tips are helpful for anyone that works from home whether you are launching your own fashion label, studying an online RN to BSN program, or are employed by a company.  

 

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Here are five tips to help you squeeze the most from working from home.

 

Setting up the work space

The first step, in setting up your office is to declutter the space.  A distraction free environment will allow you to focus on work. So set up your owkr space and get rid of any clutter or distraction. 

 

Furniture

There’s a very strong chance you’ll need a desk, even if you are working from a laptop. You will want to spread out and be able to focus on your work.  The most basic office furniture checklist comprises a desk, a supportive chair, a bright lamp, and some type of file storage system.

What you sit in is extremely important, as you’ll likely be sitting in this chair upwards of eight hours a day.  For this reason you’ll want a chair with decent ergonomic support and plenty of padding as you don’t want to be suffering with a bad back due to your desk and chair set-up.

 

Work when you should

It’s all too tempting for you to lose focus on your work when working from home. Especially with the many social media platforms. You have to have the discipline to work when you should, or you will spend the time doing nothing productive. 

 

Have a routine

Working from home can be both a blessing and a curse; on the one hand your commute is now limited to going from your bedroom to your home office, which has huge benefits in terms of convenience, but it can create a less focused emotional state if you’re used to a morning ritual of getting dressed in business attire (rather than sweatpants or your dressing gown) and being around colleagues in a similar state of ‘working’.  

 

The most important thing in terms of having a routine, is that it provides structure and keeps you focused – set yourself a lunch hour between a set time each day, or adopt the approach that many successful people take which is to get dressed for work, as if you were going to the office, rather than sitting around in your underwear.

Do you work from home? What do you think of these tips? Please sound off in the comments section below.

Thanks for reading.

*Collaborative post.

Beautiful Products I Have Tried Lately

Hello peeps! How are we? I am in New York holidaying with the fam. It is 4am now, and I am wide awake so I thought to do some work while everyone is still snoring. I have been in New York city for some days now and it has been good. I will be writing all about my stay in the Big Apple and my next destination really soon, so look out for my next travel posts.

As a blogger, I am forever trying new products. And I love that about my job. The process of trying out products and telling you all about them gives me joy. Here are some of the beautiful products I have tried lately.

 

LOCKSTONE PRIMA WHITE LILY ROSE GOLD ADJUSTABLE BRACELET HERS £69.99

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This beautiful Lockstone Prima White Lily Rose Gold Adjustable bracelet by Vanacci is one of my current favourites. I love the delicate look and the fact that I can capture my fragrance in it. You know how much I love my perfumes, so the fact that I can capture my fragrance in this bracelet makes it even more beautiful.

All I need to do is to spray only a single spray onto the Lockstone™ material. The bracelet is best worn with direct skin contact and will slowly diffuse your fragrance throughout the day. The fragrance will last approximately seven times longer than wearing your fragrance without it.

 

So Eco Face Brush Set £15

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I am always on the lookout for great makeup brushes to add to my makeup collection. This So Eco Face Brush Set is a new addition. I like the fact that brushes are Vegan and Vegetarian friendly. The hand cut and trimmed feature is also another plus.

A set contains 4 large hand cut brushes perfect for the application of facial makeup, either liquid or powder. The affordable price tag of £15 is also a plus. 

You can grab this on Amazon, Tesco, Sainsbury’s, Fragrance Direct and other stores.

 

Look Good Feel Better Anti-Bacterial Brush Set £35

 

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This Anti-Bacterial Brush Set by Look Good Feel Better is another favourite of mine  I adore the beautiful packaging and the fact that the brand supports women with cancer. It is great to see big brands support great causes.

These makeup brushes are cruelty free and soft touch. A set contains –

  • Protective Pouch
  • Large Multi-Tasking Brush
  • Round Foundation Brush
  • Eye Shading Brush
  • Lip Brush

 

These makeup brushes have a soft touch which makes them great for all skin types. I am loving them. You can grab this brush set from M&S and other stores.

 

Radiance Facial Oil £29.99

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This Radiance Facial Oil by Urban Veda heals blemishes, supports elasticity and restores suppleness. It also helps the skin to retain its natural glow. I have used the Radiance Facial Oil for weeks now and I like it. The compact beautiful packaging with the dropper makes it very easy to use. All I need to do is apply 3-4 drops daily to cleansed and toned skin.

 

What do you think of these beautiful products? Have you used any of them before?

 

*PR samples.

 

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