What people don’t always see about freelancing is the reality of irregular income, delayed payments, and taxes fees that chip away at their earnings before it even gets to them. Here’s how freelancers Andrea Sumida, Founder and Creative Strategist of Kohi Social, and Lyn Cepillo, a content creator and social media manager, work around this challenge.
Build your budget around your most conservative income month.
“When I first started freelancing, one of my biggest struggles was treating every payment like stable income.” Andrea shares, “Since projects and payments were irregular, there were months that felt abundant and others that felt very tight. I also underestimated how important budgeting, emergency funds, and cash flow management were as a freelancer.”
While navigating freelance income, Andrea realized the importance of budgeting and managing cash flow.
