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The life of a freelance writer has its ups and its downs, much like any task. In my sincere opinion I feel like the pros and cons are running a tight race for me.

On the plus side, I do have my days working from home or from the collection, I don’t have to abide by company guidelines – the rewards are actually nice.

Deciding ten years ago to make freelancing my full-time career was a step I knew wouldn’t be simple. From time to time I discovered myself having to supplement my income by joining temporary employment recruiter. I understood at least I was ensured a weekly paycheck, which I utilized as part of my cushion. I try not to get into the practice of temping too much due to the fact that it’d take away from my goal of freelancing full-time.


  • Pay your bills on time.
  • Set aside cash for taxes to be paid to the IRS (in a separate account if possible). The general rule of thumb is to put half away, just to be on the safe side.

When I truly got into the groove of getting steady assignments, the first issue that entered your mind was how to budget plan my paychecks. When I first began as a freelancer, I did not pay myself and put a section of money away in a cost savings account. I transferred everything into my bank account and spent most of my income. I understood this needed to alter and I’d to spending plan appropriately.


  • Always pay yourself first.
  • Calculate the average amount of earnings being available in per month.
  • Have a cost savings account to work as your ‘cushion.’

There are times when it appears like paychecks will come in like clockwork. Then there are those months when it seems like you are examining your mailbox or PayPal account every various other day to see if there’s cash coming in. As a writer, I need to consider the repayment cycle of the publication – whether the company pays once the write-up is sent, or when it’s released can make a huge difference. Once the write-up is submitted I can be rest guaranteed that I’ll will have money coming within the week. If the publication’s policy is to pay the author upon publication, that time frame can differ.

Often times I’d compose for trade publications that’d need me to submit seasonal material 4-6 months beforehand, I’d most likely have to await that check whenever it was released under the editorial calendar. I always take these factors into factor to consider when trying to spending plan my income.


  • Always attempt to enhance your freelance writing tasks in order to draw in even more earnings.
  • Reach out to other full-time freelancers and see how they budget their finances. It’s likewise a wonderful way to network.
  • As a last resort you can always accept short-term projects to supplement your income.

Depending on the variety of assignments I compose per month and per year I can calculate what my average monthly earnings will be, then I’ll budget plan off of these numbers. I’d to learn how to calculate appropriately since there were months where my projects would change. It was not simple to become spending plan friendly as a freelancer. It also takes a great deal of discipline and not spending my cash on things I desired, only for items that I required.