Six Freelancing Secrets On How To Save Money In 2020

save money freelancing

Freelancing secrets about how to save money are my thing in the sense that I’ve discovered most of them on my own. You don’t need much in order to realise that you can’t put money away if you’re not disciplined about it. Or stop buying stupid stuff for the heck of your money. In 2020, making money is not an easy task as a freelancer. Yet if you’re doing good at what you do, it shouldn’t be a problem.

“A penny is just a penny if you spend it on stupid stuff. A penny is much more than a penny if you spend it right”- me.

The problem remains when it comes to saving money. Putting money away not just for your holidays next year but also for bad months and even years, like 2020 is happening to be, is crucial. I know most of you will not put this money-saving scheme into practice. Too bad. But for those of you who will, regardless if you’re a freelancer or not, I’m 100% sure it will be worth it.

  1. Follow your spendings

Regardless if you’re doing it on your phone, in a sheet, or simply in a notebook with pen and paper, like I do my daily tasks, the first thing you need to do in order to save money is to know what you’re spending your money on. Follow your spendings. This simple habit will educate you to make better decisions about how you spend your money.

  1. Put your savings into a savings account right away

I’m extremely serious with my money, but you don’t have to be for this to work. I put my savings into a special place, not in a savings account. My honest advice for you is to create a separate, special savings account and, when you get your salary or payment, send the money that you want to save straight to that account immediately. You should save at least 1/3 of your income.

  1. Evaluate your every buy

Before making a purchase, stop and ask yourself at least 3 times if you really need that object or not. How do you determine that? By evaluating if that purchase will add any value to your life. If you want to buy a new phone, is this phone going to help you make more money? Or a new laptop that is faster, but will it pay for itself in, say, 12 months? If no, then don’t buy it.

  1. Status goods is a “no-no”

Don’t fall into the “status goods” trap. You have nothing to prove to anyone around you. A branded hoodie will not make you any different, but just a little poorer. You don’t need the likes, nor the shares, just because. Learn more about living a fulfilling life with less, about minimalism (but don’t go overboard) and frugality.

  1. Don’t loan money

Do not, under any circumstances, get loans. Never loan money for stupid stuff, like the new iPhone. Yes, it’s a good phone, but it’s not worth it. If the product that you’re getting a loan for is not helping you in making more money out of it, the loan is just not worth it.

  1. Be the best at what you do

Try to become better and aim for being indispensable for your clients at what you do. When you’re great at what you do, swallowing the bullshit your bosses are feeding down your throat will not be a problem because you can just quit your job and go full-time freelancing. When you’re the best you can be at what you do, really the best you can be, money, and saving it, will never be a problem.

If you want to learn everything about how to make money online as a freelancer, and save some, especially through writing but also programming, design, or social media management, you can now buy my book. It’s called “From 0 To $2543 A Month With A Broken Laptop – The Freelancing Course From A Self-Made Content Creator Boss” and you can find it on Amazon.


If you want to learn more about how to make money online as a freelancer, especially through writing but also programming, design, or social media management, you can now buy my book. It’s called “From 0 To $2543 A Month With A Crappy Laptop – The Freelancing Course From A Self-Made Content Creator Boss” and you can find it on Amazon at 50% off.

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Gabriel Iosa

Foreword

Hi,

I’m happy for you being here! I enjoy blogging as much as I did 10 years ago, at the start of my writing journey. If you want me to write something for you, hit the Services page. You can find some snippets of my previous work on the Portfolio page, as well as what my clients have said about my work on the Testimonials page. Hit the About page for some more info on myself and my passions, and when you’re ready, send me an email at the address you’ll find on the Contact page.

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