Full of Excuses and Financial Management Advice
Yup, that’s me. I’m full of excuses for not keeping up with this blog. I’ve been hired on as a regular freelance writer for a couple of companies and I’ve also been teaching at PAE and I just started teaching at Andover College too. Can you say SWAMPED!
I’ve pushed off starting my BS in IT to April as well as starting my Masters in Adult Education so believe me when I say you all are not the only ones who I’ve been neglecting!
But, I did decided to take time and log on for a reason today.
#1. It’s TAX TIME! and…
#2. I’m setting up my very first REAL website with bluehost (will be up sooooon) which I actually had to save up to afford since you can’t ACTUALLY pay by month – you have to pay for a full 3 months – 3 years.
It kind of got me thinking about how freelancers and contractors manage their finances especially when we so often don’t know where it’s all coming from! Let’s face it, we can’t all afford an accountant. I personally have an excel spreadsheet that I’ve set up to keep track of what I’ve made and it automatically calculates what percentage I need to put aside for taxes. Of course many freelancers kind of need that percentage and don’t acually put it aside so at the end of every year they are left praying that their child tax credit covers the difference. (You know who you are!)
I suppose others have their own system or maybe no system at all! So freelancers of the world, I want to hear from you. How do you manage your finances? What kind of software system are you using and does it work well enough or does it lack some features? I’m not just curious, I actually REALLY need a new system for keeping track of finances!
In return for your generous advice I would like to share with you “The Freelance Writers Anthem”. If it doesn’t show up below you can find on youtube here.
