As a freelance website designer, I’m certainly no financial expert. But over the years, I’ve found a few favorite tools to help keep my finances in check and plan for the future.
There’s a ton of advice out there on how to start freelancing but it’s just as important to get a handle on budgeting and planning since there’s always going to be ups and downs.
It's empowering to know you’re organized with your finances and helps you feel secure as a business owner!
Here are 5 finance tools for freelancers:
for simple investing
This has quickly become one of my favorite apps, a huge part of that is because of the beaut design!
But it’s also makes it super easy to invest. You can put in a certain amount each week or month and then also do what’s called “round ups” - you can easily invest “spare change” into your account.
This is especially great if you're new to investing and want to give it a try with low risk.
for business finances & estimated taxes
This is a great tool to track my business income, expenses, estimated quarterly taxes (a huge help!) You can also send invoices through here and keep track of their status.
Another simple to use investing tool you can use to manage retirement and investments such as IRAs, 401K and other business savings plans.
Speaking from personal experience, it can be intimidating to get all this setup, but once you do you’ll feel so much at ease knowing that you’re properly planning for the future!
for tracking project hours
This one’s a little different than managing money. But if you have any clients on retainer and track hours, I LOVE that harvest connects to Basecamp and I can easily track how long I’m working on specific projects.
It makes sending over monthly reports a breeze.
I use mint for my personal accounts, (as opposed to using GoDaddy Bookkeeping for business) and it helps us stay on budget and using tools like these helped me pay off my student loans in just a couple years after graduating!
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Becky Kinkead is a Brand Stylist & Squarespace Website Designer focused on sharing easy to follow, step by step design, business and marketing advice to help you take your business to the next level. On the blog, you’ll find a variety of topics that help you succeed in online business, such as website design, branding, social media strategies, email marketing, blogging, business and online marketing.