Blogging has become a popular way for people to write about their interests and share their expertise, often while earning money. If you’re a blogger who often deals with the uncertainty caused by irregular income, your financial circumstances may frequently feel out of control. Luckily, there are some simple things you can do to positively shift things in your favor.
Be Aware of Your Spending
Many people can’t give confident answers if they get asked about their average monthly expenditures. If that’s hard for you to do as well, you may only be aware that it’s time to make changes once your financial situation becomes overly stressful.
However, it’s easier than you may realize to understand how much you spend during an average month. You can get started by downloading an expense tracking app that connects to your bank account or lets you manually enter details when you buy things.
Once you understand how much you usually spend, it’ll be easier to see if you need to make some changes associated with your blogging. For example, if your average monthly expenses are $2,000 and you only make an average of $1,800, it’ll become obvious why your finances are a source of anxiety. Being aware of your situation will also make it evident whether it’s necessary to make significant changes.
Focus on Freebies When Possible
Many people who get started as bloggers have the impression that all they need is an internet connection. That could be true when you’re just getting started, but as you become more prominent, you may need to cover other expenses. Website costs and hard drive backup services are some examples. There are also free tools for bloggers, and you should check those out to see if they meet your needs.
If complimentary solutions have too many limitations, investigate whether you could save money on the paid subscriptions by purchasing a year of access in advance instead of paying by the month. Some providers also offer cloud-based packages that give you access to several offerings for a set price that’s cheaper than paying for several services individually.
Don’t forget that you can probably write off those subscriptions as business expenses when filing your taxes. That’s why it’s important to keep all receipts.
Listen to Advice From Financial Experts
It’s okay to admit you have a lot to learn when it comes to finances. Many people you know would probably admit that they’re in the same position if asked. Luckily, you can make progress by seeking information from people with substantial financial experience by going online. Don Gayhardt is a financial executive in the short-term loans sector, and he spends some of his time answering questions on Quora.
No matter if you see what Quora users have to say, listen to finance podcasts, or browse for relevant videos online, there are various ways to educate yourself about staying on top of finances. Planning to spend 30 minutes or so per day engaging with such content is a great way to begin.
In closing, remember that taking control of your finances isn’t something you can do overnight. It’ll require patience and persistence, but sticking to your goal will pay off.