Financial Planning For Full Time Freelancers

Pollen Team

Build the financial plan and timeline that will allow you to make the leap to freelancing full-time.

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By the end of this playbook

A clear understanding of your income and expenses is essential in making an informed decision on when to take the plunge. By identifying areas where you can start saving ahead of time, employing multiple bank accounts to stay organized, and cutting back on unnecessary spending, you'll be able to go full-time with confidence, knowing you’re launching your business with your best foot forward.

Steps

Understand the importance of a financial plan

Get a holistic view of your spending by adding personal and business expenses

Calculate how much you need to live on

Account for US taxes–they’re your responsibility now

Build your freelancing calendar

Consider if you need financial padding

Consider multiple bank accounts to help manage your finances

Create a plan to start saving

Author

Pollen playbooks are developed by our network of industry experts who have been in your shoes before. We work with curriculum designers to craft effective, efficient, and impactful playbooks that move your business forward. Our experts have worked with clients like Google, Adobe, MasterClass, JP Morgan and more.

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