Monday, October 05, 2009

Money Matters - The Freelance Rant

Freelancing can teach you a whole a lot about money matters than any other job. Since it rarely provides with a steady paycheck, freelancing helps promote financial responsibility and a more creditworthy saving and spending.

While maintaining a stable income on the freelancing road is tricky business, still there are many who have made good money treading on this path.

Here are 5 Reasons Why Freelancing = better Money Matters:

>> Cut back on Apparel costs: Since working from home means that you can wear anything (be it lounging around in your PJ's all day) you really need not worry about spending a fortune on clothes, shoes and accessories every month. This not only helps cut back on cost as it allows you to wear casual clothing, which is practical and more more cheaper, but it also lets you save up that money.

>> Save up on Car and Fuel: By not going to an office you save up big time on fuel costs and car maintenance bills. You might even entirely give up on a car altogether (if it works for you). That in turn means no car insurance or registration payments etc.

>> No more Extra Expanses: 9-5 jobs lead to stress which in turn leads you to indulge in stress-revealing trips and expensive vacations. But these are so not needed when you are a freelancer because then you become creating a work schedule around your play time ;)

>> Save up on Office-related Taxes: No more 9-5 means no more office related taxes. Now no one can cut back taxes from your monthly payment.

>> Timely Raise: Working as a freelancer means that you get to give yourself a raise when you deserve one. No need to worry about asking the boss for one or feeling subjected to overload of work with the increase in payment. A good raise every year is what you can easily give to yourself if you are a freelancer.

So there you have it... A few more reasons for why Freelancing is All That!

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