• Cristian MoiseiCristian Moisei, over 3 years ago

    I hope I understood your question correctly but in my experience freelancing (I did it for about 4 years), it's easy to get excited after you just got paid and have a few month's worth of cash in your account, but that will only make things more difficult later on, so I started looking at it as if I were employed full time and just paid on a weirder schedule. So you can do a simple calculation for how much you earned in the last year (and decide whether it's reasonable to expect you'll earn roughly the same this year), divide that by 12 and consider that your wage. This helped me get a better sense of what recurring payments I could commit to and roughly how much I could spend each month.

    Then it's up to you to try and meet that number.

    In terms of software, I loved using spreadsheets, because you can design a system that works for you and calculates any info you need, not what another company decided is important. I tracked revenue, profit and expenses, ranked clients by how much I earned from them and over what period of time, kept track of others I needed to pay and also had a thing that calculated my taxes in real time.

    7 points