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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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Staying happy and fulfilled

Life is filled with ups and downs for all of us. Don’t let anyone fool you. We all have our good days and bad days. But the key to staying happy and fulfilled is to ensure the good days are more than the bad days. We have the key to our happiness. No one can truly make us happy if we are not happy with ourselves. So the key to staying happy and fulfilled starts and ends with us.

 

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So how do we ensure we stay happy and satisfied with all the craziness in the world. Here are 5 tips that have worked for me. You may find they work for you too.

 

Keep my circle small

There are a lot of people who want us in their lives for the wrong reasons. I am glad I am able to see through these people and stay far away from them. The last thing anyone needs is to have a toxic person around constantly or be around people who truly do not wish you well for whatever reason. Keeping my circle small means I don’t have to deal with those people. And it works great for my state of mind. Keeping your circle small and tight is one way of staying on top of your happiness.

My circle is so small that it only comprises of family and a few friends. I still relate with different people outside my circle but in a different way. It works great for me.

 

Follow my passion

My joy keeps me very happy. The fact that I am my own boss and I can do as I please never gets old for me. Following my passion keeps me fulfilled. Working long hours in a. job I have zero interest in would suck away all my happiness. Following your passion and doing a job you love is a great way to stay in control of your life and stay happy.

 

Listen to good music

Some that know me well in real life know that I am a sucker for good music. I am forever listening to songs on my Spotify. I listen to all sorts of genres, from Rap to pop, from R&B to African Jams. Music is like food to my soul and it feeds me. I would be lost without great music.

 

 

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Travel

I love travelling. If I had an unlimited budget, I would visit a new country every month. I have been to a couple of countries and I have a long list of countries I want to visit or revisit. I have been to Dubai, Italy, US, Spain, Germany, France, Amsterdam, Ireland and many more. There are still many cities in these countries I would love to explore some more and I am dying to go somewhere new before the year ends. Travel and experiencing how other people live in their world makes me very happy.

 

Stay grateful and have a positive outlook

Gratitude is everything which is why I always remember to stay grateful. Regardless of what life throws at me, I ensure I stay positive and thankful. Negative energy has no space in my world, which is why there is no room for toxic people in my life. Staying grateful and having a positive outlook helps you attract more good things into your life.

Having a gratitude journal does help. It makes sense to write down 10 things you are grateful for regularly. That way you remember how blesses you are and stay grateful.

 

I hope you find these tips useful. These are just a few ways I stay happy and fulfilled. I could go on and on with these tips. Exercise, good food and my beauty sleep also help me stay happy. And I am sure you have many ways of staying on top of your happiness. Please feel free to share your own tips in the comments section. And remember to share this post. It may help someone struggling.

 

Thank you for reading.

 

 

 

Products I Have Tried This July

I have been busy trying various products this July as usual. And I have been dying to blog and tell you all about them. One of the many beauties of blogging is having to try different products and tell you all about them, so you know which products to go for, and which to avoid.

Here are the products I have been busy with this month.

 

For those who want to stylishly keep track of their fitness & sleep – Nokia Steel Activity & Sleep Watch From £119.95

 

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I love this Nokia Steel Watch a lot. It is a sleek and stylish watch that also tracks your steps, your sleep and work out activities. What is there not to like? The batteries last up to 8 months which is amazing. And the watch is easy to customise with bands. I also like the fact that the Nokia Steel Watch is water resistant (up to 50m) unlike other fitness watches.

I have gotten to a point in my life where my fitness life means a lot to me. So I can clearly see myself using this amazing Nokia Steel watch for a long time to come.

 

 

For those who want pearly whites – (BE YOU.) Candy Lover by Curaprox £17.99

 

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I am one of those people who pay special attention to my toothpaste, which is why I am forever trying out new dental products. I have been using this (BE YOU.) Candy Lover by Curaprox for some time now and I really like it. It as good as all the other Curaprox toothpastes I have tried, if not better. I love the watermelon taste and it cleans my teeth perfectly. My mouth still stays fresh hours after using this toothpaste. This is one toothpaste that definitely does what it promises on the pack and it looks amazing in pink too.

If you are after a toothpaste to with a long-lasting whitening effect, no SLS, and protects against tooth decay, look no further than this Curaprox toothpaste. There are 5 other flavours in this new range of toothpaste, so do shop the brand (link above).

 

 

For those who snore/want sound sleep – Solusnore Lozenges 15 Pastilles £9.95

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If you or your dearest snores, then you will find this Solusnore Lozenges very useful. These tablets are made to gradually impregnate the flexible tissue in the throat to help prevent snoring. It is suitable for Vegans and Vegetarians, Gluten Free and Lactose Free. This product is definitely worth trying. I know how frustrating it can be to get decent sleep so I am always all over anything that promises some beauty sleep.

This Solusnore Lozenges are available online at Healthy2u.co.uk.

 

 

For those with sore nipples or without – Lansinoh’s HPA® Lanolin 40ml/£10.99

 

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This Lansinoh’s HPA® Lanolin is popular with breastfeeding mums around the world as the ‘little tube of magic’, helping to soothe and protect sore and cracked nipples. Now I am not pregnant, just incase you were wondering, but I still find this product very useful. I use it as a lip primer just before applying my lipstick. I also use it as a lip balm and hand cream at night, as I find it very moisturising. The texture is great for my lips and hands, and I can imagine it being excellent for sore nipples as well. It is a great product for sure.

Lansinoh’s HPA® Lanolin is made in Australia but readily available in various drugstores here in the UK – Boots, Superdrug, Lloyds Pharmacy, Chemist4U, and many more stores.

 

For those who need of some TLC -Mermaid Mask 2oz – Fat & The Moon £16.50

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This Mermaid Mask is a great multi-functional product as it can be used on the hair and face. For the face, this Mermaid Mask tones and moisturises. For the hair, the mask softens while adding body. I will be trying this product on both my hair and face for the next few weeks and I will be sharing more on my thoughts on this product, so look out for a detailed product review post.

For those with facial hair – FRÉNÉSIES Facial Hair Growth Prevention Cream £125 | 30ml

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Having facial hair can be so annoying. I know all about the struggle to dealing with facial hair. I had 6 sessions of laser hair treatment on my chin some time ago, which kind of dealt with the issue. But everyone and again, I find myself having to wax sone strand of hair off my chin. This product promises to inhibits unwanted hair growth by blocking the hair growth action in the follicle root.

I will be trying this FRÉNÉSIES Facial Hair Growth Prevention Cream in the next few weeks and writing a detailed product review post, so keep reading.

 

What do you think of these products? Have you tried any of them? Please share your thoughts in the comments section below. Let’s chat.

If you enjoyed reading this post, do remember to share it on your social media platforms.

Thank you. Have a great day.

 

*PR samples.

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