Saving money for the freelancers is one of the toughest works these days. Most of the freelancers are young and they love to spend money. Research said that; the tendency of spending money of the youth freelancers is comparatively higher than the older freelancers. Another research said; the married freelancers spend less money than the unmarried freelancers. So, whether you are married or unmarried freelancers, you all should focus on saving money. It’s because, freelancing is such kind of job which will only pay you if you get hired and accomplish the given jobs. That means, no work no pay.
Who knows, you will have an accident some day and lost the energy and capabilities to do freelance work. What if, you then don’t have sufficient money on your bank? It would be a nightmare for yourself when you need money to spend for medicines and treatment but don’t have as you have already spent that money to irrelevant and unnecessary tasks. Whether you want to build your next successful business by freelancing or not; you still need to save your money.
We will cover some issues and useful tips here by using which you can save more money that you are earning from your hard working freelance jobs no matter how old you are and what your marital status is.
- Don’t Quit From Your Present Job: Freelancing is such type of work which is really free in the sense of Time Selection and Working Limitations. You don’t have to maintain the 9 to 5 work-frame while you are working as a freelancer. That means, whenever you want; you can freelance your skills. So, don’t quit from your full time job. Do freelancing job whenever you will come from your job. It will add some extra money on your bank and this way you save money.
- Plan to Save a Small Portion from Every Payment: Freelancers are usually getting paid after completing each work successfully. So, after getting a payment; please have a plan to save a small portion of each payment you get. It may be calculated in % format. Like, you can have a plan to save 4% from each payment. That means, every jobs you accomplished, 4% extra saving for you.
- Spend Less Whenever You Can: Don’t buy expensive stuffs when there are some other options to buy the cheap one. Your family might be okay with the LCD TV instead of a Plasma TV. So, buy the cheapest one and save your money when you really have the options. This goes with all of the stuffs we can imagine like Mobile Phones, Computers, Laptops, Furniture, and Clothes etc. You can save huge money by spending less money to Foods Buying. Enrich your health and save money by not buying any fatty fast-food, rather buy vegetable based foods with cheaper price. Maintain this routine and it will eventually be a habit for you.
- Enlist Your Spent Money & Wealth: Whatever you buy, or how much money you spend to buy something; just enlist it on your notebook. At the end of the month, scan your list and think what the stuffs you could’ve leave from your buying list. Think twice what the stuffs you could get at cheaper prices than this.
If you follow the above mentioned steps, I am damn sure that you will save lots of your hard earned freelancing money at the end of the year. Best luck.