This Simple Trick Will Help You Win At Money As a Freelancer

How to budget when you’re a freelancer

Photo by Joost Crop on Unsplash

Yesterday I wrote about the three mindsets you need to cope with the variable income that comes along with being a freelancer:

These 3 Winning Mindsets Will Help You Conquer Money as a Freelancer

Today, I’m going to talk about something more specific.

This is the simple trick I use to stay on top of my budget, even though my income varies wildly from month to month.

How it works

The trick is to split each payment you get into percentages of the total based on the different categories of spending you do.

Then you pay yourself into different accounts for each type of spending.

That way, even though your income varies from month to month, the proportion of each payment you spend on groceries, for example, is the same — and it averages out over the year.

When you have a good month, you’ll end up with a…