If You Freelance, Don’t Forget These Things

If you’re a freelancer, work for yourself, or run your own company, don’t forget to do these things for your finances.

Budgeting as a freelancer can be especially difficult since you may not have steady income, so it’s best to base your budget off an average of what you earned last year.

Saving for retirement also requires more work since you don’t have an employer-sponsored plan. Consider an IRA or Roth plan and get started!

Lastly, save for emergencies! You don’t have Paid Time Off like other employees so start an emergency savings account, beginning with the goal of a thousand dollars.

To take the first steps, sign up for the 30 Day Reset challenge. Find it for free online at crown.org/money.