Re:Living on Last Month: For Freelancers
by chasing on Thursday December 18, 2014 @11:57AM
(#8768224)
I hear where you're coming from, but this isn't a stable budget. It's living in two-month feast/famine cycles rather than one-month ones.
I would wager that most professional freelancers do plan as well as I've described. And by that, I mean people who are into freelancing for the long haul and not just between full time gigs.
And, to be totally honest, I actually don't structure my finances like this (although I'm a very long-term freelancer). I have my own techniques. But I would consider this to be the baseline for not going insane and/or getting kicked out of one's apartment.
In retrospect, it was extraordinarily dumb! I hope that was clear from the article. The point I was trying to make with the story is that when I had a vague pool of "savings", it felt like I had a bigger cushion than I actually did.
Kudos to you for making things predictable. I would wager most people don't plan as well as you do. My hope is this will be their first step to stabilizing their budget.