My 5 Favorite Things In: The Money Therapi$t

money therapist.

I feel as if I’ve been writing a lot lately on the importance of money matters. To that end, I’d like to tell you all about The Money Therapi$t by Marcia Brixey, another how-to from the always-awesome Seal Press. Not necessarily geared toward freelancers in particular, it does take you step-by-step down the path of financial soundness, an always-necessary foundation for a healthy business. Check it:

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RoundUp: 7 Invoicing Apps That Will Get You Paid

Since I went into business for myself over a year ago, and have had to start handling my own income in a more hands-on way, I’ve been using FreshBooks, an online invoicing application that allows me to track the time I’ve spent on various projects, and then easily generate invoices and track the subsequent payments.

I love it. It’s a godsend. And a necessity for small business owners and the self-employed. After all, when you make the choice to become a full-time freelancer so that you can love what you’re doing, you need to make sure that you’re treating your work as a business, not a hobby. And that means handling all the nitty-gritty, business-y, financial aspects as well.

To start you on your way, I’ve done a roundup of 7 online invoicing applications for you to choose from, and because I believe that invoicing software is useless without time-tracking capabilities, all of the apps after the jump allow you to track the time spent on each project or task.

Most of these apps offer much of the same features. In addition to time tracking and invoice generation, you will be able to keep track of which payments have been received, and which payments you’re still waiting on (naughty, naughty client). Some applications even send e-mail alerts when a payment is overdue, and one of them actually allows you to subscribe to your invoices via RSS. All of them will make the business of running your own business infinitely easier.

Without further ado…

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What To Do When Clients Are Late

empty wallet.

It’s inevitable. In the publishing world alone, both print and web publications are notorious for being late with freelancers’ paychecks. How can you deal with the vagaries of freelance income without allowing the stress to make your head implode?

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4 Ways to Create the Illusion of a Regular Income

bird eggs.

It being Thursday and all, I would normally post a book review.

Last night, however, I found out that my main source of income may be folding, so I figured this was the perfect time to touch upon the ways in which you can keep the unexpected vagaries and pitfalls of freelancing from plunging you into financial ruin. The main thing to remember? Don’t put all your eggs in one basket:

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Marrying for the Money

wedding rings.

Both Jezebel and the Freelancers Union recently linked to this New York Times article on people marrying (or divorcing) in order to get health insurance.

As one who is perpetually thankful for her hubby’s fabulous health insurance (it’s simple existence allowed me to follow my freelance dreams), I find this article especially relevant, for me and for all freelancers.

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Coffee Break: Becoming Money in the Bank

coffee break

My husband battled his fears of eventual bankruptcy by supporting my decision to leave my staff job and pursue freelancing full-time. And when I succeeded in bringing in my former staffer income within half a year as a freelancer, I sort of wanted to wiggle my butt and point and scream “In! Your! Face!”

The only thing that kept me from doing so was the knowledge that I still had a lot of debt to manage…debt that I probably should have taken care of before leaving my job.

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