Why You’ll Fail at Freelancing if You Suck at Math

This post was originally published on Yolander Prinzel’s blog in 2014. It was relocated to All Freelance Writing when that blog was shut down.  When you decided to become a freelance writer, you probably didn’t think those old math classes would come in handy. It turns out they will. I hope you paid attention. Not understanding basic math can cost you dearly, whether it happens

5 Money Moves to Make Before Year-End

A lot of people are focusing on holiday shopping this time of year. Personally, my workload has increased and I haven’t given shopping much thought. (I really need to get on that!) But I have thought about my finances and some things I need to do as the year comes to a close. There are tons of year-end money lists out there and they all

How to Be Better With Your Freelance Writing Income

Too bad we’re not born knowing how to deal with money. If you had a financial literacy class in high school, you were pretty lucky. For many of us, much of what we know about personal finance we learned from our parents or our own mistakes. It’s not too late to learn those critical lessons you may have missed. Here are some tips on being

What To Do With Extra Writing Income

Is your freelance writing business netting you more money than what’s needed to pay the bills? It’s not a bad problem to have. Here are some ways you can spend that extra money. Make sure you set aside enough for taxes. If you’re earning more than you expected, you may also owe more taxes than you expected. Update your estimated tax calculation and set aside

Spending Money on Marketing – How Much is too Much?

As a freelance writer, new clients are your lifeblood. The more gigs you land the more money you will earn. Pretty simple, right? Your marketing plan is going to determine how much success you have in this area of your business. While true that some marketing strategies are free, others are going to set you back a few dollars from time to time. This leads

The "Live on the Rest" Budgeting System

For many self-employed workers, taxes and savings are the two hardest expenses to keep up with. I think it’s because there’s no immediate benefit or consequence to either of them. A lot of people mentally plan their budgets based on a certain dollar amount that often hasn’t been adjusted for taxes or savings. So you might end up spending all your money and not having

Freelancers: 4 Tips for Dealing with Cheapskate Clients

I’ve said it before and I’m sure I’ll say it here again, but when you work as a freelancer you’re a business owner. You’re the one offering an in-demand service. And that means you get to set your rates and payment policies. Just as you can’t walk into your favorite retail store and tell them what you’re willing to pay, expecting them to accept your

How to Budget a Freelance Writer's Fluctuating Income

I know what you’re thinking, Ugh. Budgeting. The only thing worse than budgeting is licking sandpaper. As boring as it feels, budgeting is especially critical for you as a freelance writer, because your income is less predictable. Creating a budget takes just three steps: totaling your monthly income, subtracting your expenses, and adjusting your budget based on the result. You’ll create your budget using the

10 Costly Money Mistakes Freelancers Should Avoid

As a freelancer, you have to treat money a lot differently than if you were employed by a huge corporation or even a small business. Your paychecks aren’t guaranteed. No one is withholding income taxes on your behalf. You have to be much more conscious of how you’re spending the money you make and avoid costly financial mistakes than can put a halt to your

The Freelancer's Quick Guide to Accounting and Bookkeeping

I know. It’s one of the last things you want to read about, but it’s one of the most crucial parts of freelance success. Don’t worry, you won’t read anything about cash flow statements, balance sheets, or profit/loss statements – they’re complete overkill for the average freelancer. Instead, I’m going to give you some easy-to-follow tips on managing your records throughout the month so it

Do You Get Paid Upfront for Your Freelance Writing Work?

Chris Bibey wrote a great post recently about upfront payments for freelance writers. I commented there with some of my own views, and I wanted to share those comments here and get some of your thoughts on how you bill freelance writing projects. I charge all of my new clients in full up front. Most of my repeat clients also pay up front, even for

Flipping Websites – An Additional Income Stream for Freelance Writers

As a part of our series on additional and residual revenue streams for freelance writers, today we’re going to talk about flipping websites. I’ve discussed flipping websites in a previous post here, explaining it in a very general sense and discussing some past sites I’ve flipped myself. Let’s go more into how flipping websites can earn you more money in freelance writing, and what you

Getting More Mileage from Your Blog

We’ve talked a lot here about why writers should blog, from using blogs as a marketing tool for your freelance writing services to blogging as an added income stream. Now let’s talk about how you can get more from your blog by moving beyond the blog itself. Here are additional income streams / outlets that blogging can potentially lead to if you levereage it right: