How Freelancers Can Save Money

Being a freelancer (by personal choice or if yet unemployed and doing it for that hard-earned, much needed cash) can take a toll on even the most thrifty individual.

Below are some tips on how to save money while engaged in freelancing work:

1. Credit cards.  It would be wise to stop, or at least minimize, the use of credit cards when the cash inflow is at its lowest point, i.e. while freelancing stints are not enough to cover the interest rates by using such cards.

2. Work during the day.  Doing some writing (or encoding of info) during the night requires the usage of electricity.  If possible, do all work related activities in the day when lights would not be necessary.

3. Hiring of assistants.  When the workload exceeds the capacity of the individual, and additional manpower is needed, it would be wise to hire college students. 

Why? Students currently enrolled in related fields (advertising, communication and the likes) could give brilliant ideas to the individual, and, most often than not, already knows what they are doing.  The result, lesser time in orientation, more time for accomplishing the work

4. Back-up files.  Instead of buying tons of cd’s or flash disks to save important files, email it to yourself instead.  Be wary though of email accounts that render downloads unavailable after a certain period of time.

5. Messenger services.  To cut on those phone bills, register unto a free messenger service and invite clients or co-workers to the group. Messages can then be readily posted and sent to the party involved, less the bill for it.

[image from innovatieforganiseren]