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Personal Finance Tips for the Freelancer/Self Employed

As a Freelancer/Self employed person, you have to remain on top of your personal finance to keep track of your money. Being your boss means you are in charge of everything, which means there is no one to blame when things go south. Focusing on your craft and ignoring your personal finance would only to money problems. And that is the last thing you need as a small business owner. Which is why you may find this personal finance tips post is useful.

 

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The law here in the UK states you get yourself registered as soon as you start making money from your craft. So I got myself registered as self-employed when I started making money from my online gigs. I have been registered as a self-employed for over 3 years now, and I have been making a steady income from my business since then. For those who wonder what I do for money, I make money from this blog, my social media platform, and from my book – How to Cash in as a Blogger. I am also a copywriter, social media manager and blogger outreach consultant.

The personal finance tips that have help me as a freelancer and self-employed person are as follows –

 

Have a separate bank account for your business

Having a separate bank account for your business is the best way to stay on top of all transactions. Running your business from your personal bank account is not the smart way to go as you could easily get confused with your business transactions and personal spending from the same bank account. There are many bank accounts to choose from, one of them being Think Money basic  bank account so it makes sense to go for one of them and keep your business separate from your personal life.

 

Keep on eye on your money

Once you have a separate bank account, the next thing is to keep an eye on your money. You should keep track of all incomings and outgoings so there are no surprises. Having a spreadsheet where you record all incomings and outgoings helps. I have a simple sheet on Microsoft Excel, and it helps me keep an eye on my money. I update the sheet every month and that way I know where my money goes and how much I bring in every month just by having a quick glance.

 

Budget for your taxes

As a business, you most likely would have to pay some form of tax. It is best to get this sorted asap, and not wait until the last-minute like some business owners would do. Budgeting for your taxes would also help you pay it up quickly without any problems. I like to get mine books done and my taxes paid up once the tax window opens. That way I know it is done for the year, and I can focus on other things.

 

Don’t spend all you have in the period of feast

As a Freelancer, you would know all about how unpredictable the freelancing life is. Freelancing is a feast or famine career. We usually earn different amounts of money from month to month, depending on the number of jobs that come our way. So we need to be on top of our budgeting game in order to make it in the famine period. Don’t spend all you have in the period of feast. If you do, you would be stuck with unpaid bills in the famine period.

 

Are you Freelancer? Do you have any personal finance tips to share? Please sound off in the comments section. Let’s rub minds

 

Thanks for stopping by.

 

*Collaborative post.

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Growing a thick skin as a blogger

Being a blogger opens you up to all sorts. You get the admirers and the trolls. The great comments, the shades and the in your face insults. The job comes with both as we expose our creation (whatever it may be) to the whole world. So if there is one thing you need to have or work on asap as a blogger, is to grow a thick skin. Blogging is not only about writing. You have to spent a good amount of time promoting your blog and social media platforms, especially in the early days.

 

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Putting your blog out there is essential in order to make a name for yourself. These actions usually attracts more eyeballs to your blog, which is a good thing. But then the trolls find you, and if you are not strong enough, the rude comments may stop you blogging altogether.

 

Growing a thick skin as a blogger

So how do you grow a thick skin as a blogger. I have been blogging for almost 6 years now and I have had a few rude comments but not as many as I thought I would if I am being completely honest. Which is a good thing I guess. I had most of the trolls in the first year of my blog, which I found surprising. I guess their aim was to kill the little confidence I had in my blog back then. I also have a feeling some of the trolls knew me in real life, which I find really sad for them.

 

Here are three ways you could grow a thick as a blogger.

 

Carry on anyway

I know how hard it can be. But the key to growing a thick skin as a blogger is to ignore the negative comments and carry on anyway. Delete any rude comment and block any troll on your social media platform. There is no need trying to have a conversation with them. The only aim of the troll is to make you feel bad about yourself and what you do. And that is because they feel bad about themselves. Don’t let them project their negative thoughts on you. Ignore them, use the delete.block option and carry on anyway.

 

Work on your self-confidence

In order to be a successful blogger you have to work on your self-confidence. This bit is very important. If you have no self-confidence, you wouldn’t be able to carry on anyway when the negative comments start rolling in. Once you have self-confidence and believe in your work, no one can get to you as much as they would if you don’t have any. You have the key to your self-confidence, use it.

 

Don’t take things personally

It is incredibly hard to not take things personal when people are nasty towards you, but you must learn not to. Nasty people live nasty lives which is why that is all they can give. Do not let them project their frustrations and bitterness on to you. Instead see right through them and keep it moving. Do not entertain or engage their negative energy.

 

What are your thoughts on growing a thick skin?

Clean Energy Drinks for Busy Mums

As a busy working mum of 2 very active toddlers, I am forever tired. Some days, I wake feeling tired. My kids are early birds, so my day usually starts from around 5:30am on a proper early day (thank you heat wave). Or it can be as late but never later than 7:45am. And the chaos start from wake up time to bed time for 7pm (ish). I work from home, so I have to balance the family life and work life from the same roof, and make it all work somehow. Which is tiring on most days. Which is why I find myself taking anything that promises to give me some kind of energy.

 

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I have recently come across a new drink – Flyte Clean Energy, and I was eager to try it. A pack landed on my doorstep some days ago, and I have been busy drinking. These energy drinks are not like your regular energy drinks. These are clean energy drinks, which means it is 100% sourced from nature. It has low calories and powered by organic caffeine. I got the Clean Mango and Red Berry flavours and I think they taste great! The bottles are so cute. I think they are really pretty and handy. The fact that I can open a bottle and finish it later thanks to the lid is great.

 

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Flyte Clean Energy Green Mango

This energy drink is tasty. I love it when it’s chilled. It has a dry taste and it is great for those mornings when you need a little pick me up. It works like a dream! I love the colour a lot too.

 

Flyte Clean Energy Red Berries

This energy drink has a lovely taste. I like the light subtle berry flavour. It is a great drink to have in the afternoon as an alternative to your regular cup of coffee. It saves the day when you are feeling drained.

 

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What do you think of these Flyte Clean Energy Drinks? Please sound off in the comments section below.

 

*PR samples.

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