Financial Foundation for Freelancers

so that we can help make handling your personal finances a whole lot easier.

Financial Foundation for Freelancers

Let’s form a financial plan for freelancers today with some brilliant insights, relevant coaching, and practical credit tips.

Calling all freelancers: It’s time to take control of your finances. This course delivers the tools, support, and lessons you need to help you reach your financial goals.

There are some things you may have to learn the hard way when you’re freelancing, but managing your finances doesn’t have to be one of them. Listen closely to Tonya Rapley, State Farm® Agent Krystal Brown, and Next Door® Financial Coach John Supple as they deliver sound information to help you build and keep a sound financial plan.

In Financial Foundation for Freelancers, Tonya, Krystal, and John walk you through everything from setting up budgets to thinking through credit and insurance needs. Watch the video and find new ways to set you and your business up for success.

Video Transcript

Breaking down Financial Foundation for Freelancers.

This course is conveniently divided into shorter segments so you can enjoy each on your own schedule. Subjects covered include: 

Chapter 1: Freelance Overview

The Financial Differences of Freelancing
Take a quick look at what defines and differentiates work life for freelancers.

Chapter 2: Your Financial Goals

Great Ways to Set Financial Goals
Listen closely as these experts talk about the benefits of creating financial goals.

Chapter 3: Budget Overview

Budgeting for You and Your Business
Business and personal budgets should be separated to help you stay organized.

Chapter 4: Wait: I Don’t Work for a Corporation!

Do-It-Yourself Benefits
Be a great boss to yourself! Learn how to build a sound benefits package in this video.

Chapter 5: Credit Factors and Action Steps

Getting Your Credit in Order
Get to know what impacts your credit so you can plan to grow your business – profitably.

Download these financial tools.  

Check out and download the Financial Foundation for Freelancers worksheet as soon as you can. It works as a guide and offers space to take notes as you get on the right track to forming a solid financial foundation.

Running a business on your own doesn’t mean you are alone. Use the guidance in this course to help you construct a budget and benefits to protect yourself and your business.  

You don’t know what you don’t know. So, let’s get started on building a financial plan that works for self-employed freelancers. 

Freelancing: Getting a lay of the land.

Freelancing offers a ton of variety and freedoms that employees of a single employer don’t experience. Typically self-employed, freelancers have the opportunity to choose which projects or companies they’ll work for, and which ones they won’t. 

Work can be hit or miss, so planning and budgeting are essential to help pay the bills through less busy times. Ultimately, the best way to handle the ebbs and flows is to plan. 

Watch the video and be sure to download the Financial Foundation or Freelancers worksheet. The worksheet is a great tool and outline to take notes and formulate a plan that works for you. 

Write out your financial goals.

Where do you want your business to take you? Where do you see yourself in 3, 5, or 10 years? How can your business help you live the life you’ve dreamed of? 

Freelancer's Tip: Goals are important – writing them out is even more so. Write out your goals and keep them visible. 

Grab a pencil and paper to write out your goals, and be sure to assign some dollar signs and deadlines to each of them so you can keep track of how you’re doing. A little bit of determination and diligence can help get you where you want to be, and create an added sense of fulfillment in your work. 

You’ve got to keep them separated.

Your name may be on your business sign, but when it comes to budgeting, keep business and personal expenses separated. One budget helps keep your operations rolling, the other helps you keep food on the table. 

Both business and personal budgets need to consider three different types of expenses: fixed, variable, and non-monthly. The Financial Foundation for Freelancers worksheet is a tool to help you itemize and calculate where your money needs to go. 

Freelancer's Tip: Build an emergency fund to help you stay afloat financially when the unexpected happens. Grow your savings to cover 6-9 months of expenses – you’ll rest better knowing it’s there. 

Lastly, don’t forget about planning ahead for those non-monthly expenses – check out the video for some great tips. 

Don’t neglect your benefits.

Self-employment is hard work – there’s no doubt about it. So, make a way for every dollar you earn to help you. Plan for expenses and work towards building a benefits package that can protect your future. 

Health insurance, life insurance, and disability insurance are all important to factor into your budget. 

If you get sick, how will your bills get paid? Same question applies to if you’re injured on the job. 

Your life’s responsibilities deserve your foresight and planning. From insurance to retirement planning, plot out what finances you’ll need to keep all you work for and love protected. 

Keep a solid credit score.

The phrase “it takes money to make money” resonates with freelancers. Building a client base, traveling to and from your jobs, buying equipment, or even just getting your feet on the ground all costs money. More often than not, these expenses require borrowing money. 

Credit is a measure of your financial responsibility that has an impact on your business and personal finances. Given everything you have on the line to grow your business, good credit could be a great help. 

Freelancer's Tip: You can check your credit report at AnnualCreditReport.com

Learn what factors impact your credit score and what you could do to correct it. Watch this video and download the Financial Foundation for Freelancers worksheet to get a better understanding of how credit applies to your role as a freelancer. 

Get in the know.  

The Financial Foundation for Freelancers video handles many topics in a clear and concise way. So, check out the video, download the free tools, and work on setting up your personal and business budgets. 

Don’t wait. Let’s start on your budgets and planning today.