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Student Castle: How Freelancers must Manage My Money.

This is about me-the money, as a freelancer, could really cost you …

You don’t need me to tell you that the labor force is now more competitive than ever. Enrolled to universities in Canada.

We’re not gonna let those terrifying numbers stop us. Baby boys can call us whatever they want, but we go-getters. We are chasing our dreams and not eating less (or at least when we do it, we are already thinking about what is next) ..

Welcome to freelance and lateral generation ..

We love extra cash, and many of us really need this to make ends meet. Our education does not guarantee our work in our field, not to mention the salary. So, we’ve opened up new, creative ways to let us live the life we want. But if you’re not careful, the extra money can disappear during the flash …

I’m one of those people who started freelies and made social media consultations for business at the beginning of my career. Freelance gave me the opportunity to gain valuable experience, as well as give me the opportunity to live with a very expensive life living in Toronto, one of the most important.

That’s when I got my tax return last spring with a terrible line that I said.

It’s no secret that they don’t teach you about your taxes or financial literacy at school. I know how to calculate the angle of a triangle, but I have no idea how my taxes work even after a few years of math. I pulled my legs, paid the bill, and I did my research on how I can make sure it never happens again. In my research and in conversations with some money-smart people (thank you!), I stumbled upon some tips that all the bearings there should keep in mind that they don’t stop blinking like me …

What I want is for someone to tell me when I started earning more and more money from my part-time work, was actually the budget for the tax season. The experts say we have to get back at you.It sucks, I know. When you worked your ass and finally got the money, the last thing you want to do is save him to pay the bill. But this will allow you to avoid big problems if you get a high score to pay when the tax time is around ..

Build a backup plan. It’s the money you will take to help you pay for the cost of living or just that you \””can’t live without\”” or habitable. This can be as simple as putting aside a certain amount of money you earn every month to help make ends meet (say, 10% of each check for example) ..

Work with non-staff clients can come and go. There are no guarantees for new projects, and you never know when the client will pull the plug. Even if you are building contracts (which you must) that will protect yourself to some extent, you still do not have full control over client requirements and changing situations ..

Many people dive into the head of Freelance and miss key opportunities to report their expenditures in the tax time. As a freelancer, a lot of things you don’t think about, actually can be declared as business expenses when you serve. Like, you work from home? If you are using your own car to work, you will find a part of your expenses. If you use your car to work, you will find some of these costs. What if you had a business meeting and you bought your client coffee or food? Or did you buy a new computer so you could work effectively like a freelancer? Fair play …

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Saving your handbooks and invoices during the year in an organized location will help you make this information a more easy task when entering the sales tax season. Plus, you should have the quilts and invoices for any expenses you produce in case you check and have proof/documentation …

I said it once, and I’ll say it again. We’re freelance, lateral, lateral, whatever you want to name, generation. But we can also be a generation that jumps into the head first, without thinking about the consequences. So cover your ass, leaving all of the above, taking into account your next project …

* The views expressed are those of the author and not necessarily those who are from the Student Life Network or their partners …

Lauren is a graduate from the Sheridan College, who is now in the marketing of social networks … Yeah, she gets the money on Tweet. When she does not live in social networks, she travels around the world and writes about it in her blog