How should a freelancer manage his budget?
The first thing to do is to clearly determine the size of your salary. Yes, a freelancer works for himself, but this does not mean that it is impossible to calculate a constant salary, that is, the same amount every month. How to calculate it? It is quite simple - take the averaged indicator for a certain period of time (six months, a year), subtract 30% from it, leaving them for unforeseen expenses. This amount you can manage.
The second rule is tracking absolutely all expenses. A good option would be to install a special program or simply maintain a table in which monthly expenses will be recorded. A new month begins - start a new table online loans ph.
The third tip is finding out your minimum needs. This will include the calculation of funds spent on accommodation and meals. In order to feel more or less comfortable, you need to earn about 2–2.5 times more than this amount. If this does not work out, you should calculate in which particular area the main expenses are occurring. Some issues, such as the car, need to be approached with particular care, because the money to buy it is only part of the story, and in the future you will definitely have to wait for maintenance, not to mention the cost of gasoline.
