Running Freelance Money
Build progressive financial capability through running freelance money, moving from understanding to confident application.
5
Lessons in this module
Separate Personal and Business Money
Explain why separating personal and business bank accounts is essential for tracking profit, preparing accurate tax returns, and maintaining a clear financial picture of the business.
Price Work for Profit
A sound price covers all direct costs and still leaves a profit once the owner's time is valued. A price that the client accepts but does not cover cost and time means working harder for a loss.
Invoice and Follow Up
Describe the correct follow-up sequence when an invoice is overdue — from a polite reminder to a formal notice — and explain why early, systematic follow-up produces faster payment.
Reserve for Tax and Slow Months
Explain why a strong freelance month does not justify proportionate spending increases — and describe how to build an income buffer from strong months to cover essential expenses in quiet ones.
Measure Real Hourly Earnings
Calculate real hourly earnings from a freelance project by deducting all expenses and tax provisions from gross income — and use that figure to evaluate whether the project was worth the time invested.
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