As any freelancer or small business owner will tell you, managing your finances is a huge part of the job. From the ebbs and flows of self employment income to keeping track of all your deductible expenses to paying quarterly estimated taxes, managing your personal and business finances is no small feat. But, having a clear, organized system for keeping track of everything is a great place to start.
We've found sorting our money into different places helps us manage multiple income streams and work toward our savings goals. It's also makes paying quarterly taxes much easier.
Here's how SD and I organize our finances as freelancers, teachers, and small business owners: