Tagged With self-employment

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While I'm a freelancer by choice (and I absolutely love it), I've also experienced some major hurdles with self-employment. The picture isn't so rosy for everyone. For many people, freelancing is less an opportunity and more a burden.

The freelance economy is complicated, so if you're a part of it, let's break it down.

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If you're self-employed one of the most challenging things to establish is how much you expect to be paid for a given task. There are lots of variables to consider but the key is to ensure you charge clients enough so that, even when you're busy, you don't end up in the position where you can't make enough money to get by. Here's what I did to establish my minimum pay-rates.

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It's hard enough to manage your money on a steady, regular income. When your income varies from month to month as someone who's freelancing or self-employed, keeping your finances organised is even more of a pain. From my experience, you need a system. Set it up once, and it protects you forever. Here's the system I use.