Question

What are some tips for managing money when starting freelance work?

Answer 1

dont go for pay pal. crate a saving bank account in icici bank or any other multinational bank of ur choice. I also do homebased online job and this is how I manage my money.

Answer 2

Go to Atlantic city for the weekend and gamble it all away, what d'ya think, you knucklehead?

Answer 3

I would not recommend Pay Pal. They take too large of cut of your money. I personally use Links for credit cards on my website. They don't charge as much, the money is deposited directly into your checking account, less than their fee, which is minimal, so you never get a bill from them. And they send you a statement showing each transaction. I highly recommend them.

Answer 4

set up a corporation account and the money can be deposited there--- avoid PayPal

Answer 5

Dear . I suggest you use www.2checkout.com service. it is better of paypal.com. other similar service :. www.e-gold.com. www.moneybooker.com

Answer 6

A bank account with a debit/credit card that you can set up through paypal - that gives you two avenues - also always remember to consider your overhead and withhold 50% of anything that comes in as reinvestment monies - and if you are a Christian tithe 10% - and ask God to bless it and then it is wise to set back your taxes as you go during your first year until you have learned what your write off amount will be - and anything you have left can be given as a charitable contribution - which in turn gets to be a tax write off for the next year - therefore you have a continual operating balance of 15% - you should also set yourself a salary amount of 5% until you are well established and give yourself an annual raise - this will allow you to know exactly how you prosper each year. I've done freelance and it can be a slow start and you can feel pretty hungry at times (I mean stomach growling hungry), but if you follow the formula I've given - you will be surprised at how much your business can grow and how much you can propser in less than five years! That's great for small business America! which usually folds within the first two years.