Being a freelancer comes with a lot of perks: flexibility, freedom, and the ability to choose the projects you work on. But, managing your finances can be a challenge. Luckily, there are a number of financial tools out there that can make your life much easier. Here are the top financial tools every freelancer should know.
Budgeting tools
1. Mint: Mint is a free budgeting tool that allows you to link all your accounts in one place. It will help you track your spending habits and set budget goals.
2. YNAB (You Need A Budget): YNAB is a budgeting tool that forces you to live within your means. It’s a paid service, but many freelancers find it worth the investment.
3. Quickbooks: Quickbooks is not just for businesses, it’s also great for freelancers. It can help you track income, expenses, and even send invoices.
Saving tools
1. Acorns: Acorns is an app that helps you save by rounding up your purchases to the nearest dollar and investing the change.
2. Digit: Digit is a saving tool that analyzes your income and spending habits to determine how much you can afford to save each month.
3. Ally Bank: Ally Bank offers high-interest savings accounts that are perfect for freelancers looking to save.
Financial planning tools
1. TurboTax: TurboTax is a tool that can help freelancers navigate the complex world of self-employment taxes.
2. Personal Capital: Personal Capital is a financial planning tool that gives you a holistic view of your finances, including investments, retirement savings, and net worth.
3. Betterment: Betterment is a robo-advisor that can help freelancers plan for retirement by providing tailored investment advice.
These are just a few of the many financial tools available to freelancers. It's important to find the ones that work best for you and your specific needs. Remember, managing your finances effectively is a crucial part of being a successful freelancer.
