5 Essential Articles to Help Manage your Money as a Freelancer

We covered in our last blog post the news that the number of freelancers and self-employed workers in the UK had risen to 4.69 million in 2016 - that's 15% of the UK's entire workforce working for themselves.

In a survey conducted by Boox, it was revealed that as little as 2% of those 4.69 million freelancers used online accounting software for their money management and expenses. That number rise a little higher to 6% of freelancers using some combination of online accounting software and a personal accountant.

As little 2% of UK freelancers stated they they used online accounting software.

For the other 98%, that's a lot of paper to track.

However you choose to manage your money, we've put together 5 articles to supercharge your business and personal finances as a freelancer.

(1) Financial Management for Freelancers

"How does finance differ when you're working for yourself?"

If you've ever found yourself asking that question, look no further. Mint's personal finance blog helps you draw the line between personal and business finance, and offers some essential tips on how to make money appear - and last - while working for yourself.

(2) Bookkeeping Tips for DIY Freelancers

If you fall between the 4.69 million freelancers managing your own money - be it online or on paper - expenses undoubtedly crop up as a bugbear somewhere down the line.

"Nobody looks forward to the nitty gritty bits of admin that come along with [freelance financial management]"

Fortunately, Upwork's blog covers all the bases with 5 top tips for "Do It Yourself" freelancers, including how to be thrifty, transparent, and even digital with your money.

(3) Personal Finance Tips Every Freelancer Should Know

If Upwork's blog covers the A-Z of managing your money from a business point of view, 99Designs gets a little more personal.

"First of all, get separate accounts for your personal and business spending."

The very nature of managing your money when your self-employed means that first and foremost, you're managing your money, not just your business's. 99Designs' piece talks through the hard things about personal finance when working for yourself, and sets you up on the winning track.

(4) How to Save, Pay Down Debt, Retire and Splurge (Whilst Self-employed)

In part 3 of a 4-part series on how to manage your money, Laura Shin offers a step-by-step, stage-by-stage guide on how to manage your money over your Freelance lifetime.

One of the biggest challenges of the freelance life is amassing a nest egg substantial enough to retire

This article is a must for anyone looking to go from escaping the 9 - 5 to working for themselves - learning how to manage their business, themselves, and all the financial stuff in between.

(5) Self-employed Personal Finance Checklist

Looking to put all of the above into practice, and wondering where to start? Get ahead of the crowd and start taking back control of your spending with this freelancer financial checklist, courtesy of Citywire.

"...working as a self-employed person means individuals really have to take charge of their financial futures."


Got some articles that you think would be great in our round-ups? Get in touch with us on Twitter and let us know!

Looking to manage your expenses as a freelancer or SME owner? Get a glimpse of the smart banking revolution today and join the 2% of freelancers leading the way in small business finance. Order your Curve card now at imaginecurve.com.

Curve simply and securely connects your bank cards into one card, giving you an instant mobile view of your spend across different cards and saving you money abroad. Curve was built to help people who choose to work for themselves live the life they love.

Alan McAlpine

Product Marketing Manager at Curve.

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