We know that freelancing takes some serious skills, passion and time. That’s why we want to make life easy and provide you with all of the helpful tools needed to be successful.
Here are some of our pro tips on how to bank like a true professional 💪
Track everything 👀
Whether you’re a freelance writer, coder or digital marketeer, your work is a small business. That means you need to keep track of everything. The bunq app makes it easy with Insights, where you’re able to see which categories you overspend and cut down on your budget if needed.
Insights will automatically show you an overview of your expenses and a breakdown of how much you have spent on general expenses, subscriptions, travel and more. You can access Insights through the Home screen in the app.
Based on your preference, you will be able to track your spending by calendar month or by pay cycle.
You can learn more about this here.
Plan out your spending habits 💸
Now that you know where you spend the most, plan in advance so that you can keep a tab on your spending. A great way to do this is by creating multiple sub-accounts based off of your usual spending habits and keeping some funds locked away for different purposes. This means that you can create accounts to keep track of your travel expenses, taxes, recurring costs or anything that fits your needs.
Did you know that within your bunq account you can have up to 25 sub-accounts with different IBANs? You can also personalize these the way you want! Isn’t that amazing? 🌈
You can see how to do so by clicking here.
Save it for a rainy day ☔️
Freelancing is like living an adventure, which comes with unpredictability. Your earnings fluctuate often and that's why you may want to save money for dry spells. As a rule of thumb it’s always a good idea to have savings for 6-12 months covering your living costs. At bunq that’s easier than ever, thanks to Savings Goals. Simply create a goal for whatever you need and watch your progress grow!
Creating Savings Goals is really easy and fast. You just need to follow the process explained here
Want to learn more about taxes as a freelancer? Check out this post for more info.