Advertisement
Anonymous
Self-employed. No control of finances. Need help.
I've been a self-employed person for the past decade.
On paper, it seems like I've 'made it' but in reality, I have zero savings to account for. On average, i earn 200k a year.
Anyone has any tips on how I can manage my finances better and also how do we save as a commission-based personnel because we don't know when is the next paycheck coming in unless we close deals everyday.
10
Discussion (10)
Learn how to style your text
Reply
Save
Thanks for sharing!
Reply
Save
What helped me was paying myself a fixed salary each month, separating business/tax/savings accounts, and automating a bit of savings whenever income comes in
Reply
Save
You may check out : https://plannerbee.co/learn-personal-finance/on...
Reply
Save
Use Financial Calculators to plan your money and life ......
Read 5 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
1) Track spendings in a spreadsheet - start somewhere don't delay (discipline is key)
2) Review the good to have and see if you can cut down on them
3) Increase income source - e.g. apart from your self-employed income, do side hustles like tutoring / grab delivery with your spare time?
4) Use your 200K wisely for investing/just park SSB/other saving accounts with no atm function (not tied to credit cards) once the income flows into your bank so you have no/less temptation to spend