Jul 1
Edited: Jul 1

Money Management

From how to create competitive prices, how to track income, saving up for a big purchase like a house to retirement plans. How do I manage my money as a freelancer?

I follow the 50-30-20 rule. I'm a stickler when it comes to budgeting, so I audit everything to the last cent. After receiving your salary, take away the 20% for savings and don't ever think of that money again... as if it doesn't exist anymore. 50% goes to your daily expenditures like food, transportation, medicine, etc. the 30% goes to recurring bills like rent, gym memberships, phone carrier/line bills. If you're frugal, 50% can go a long way. Rule of thumb is that Salary - Savings = Budget. If you monitor how much you spend, you're actually doing yourself a very huge favor.

The topic you have selected to discuss was surely a problem of everyone in these circumstances because a lot of people don’t know how to save money. These steps that you have explained are good but not very effective for me and many others I suggest you have a look on write my essay review and read their tips and tricks for saving a large amount of money without facing any problem in your daily expenditures.

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