Budgeting : The Freelancer’s Way

“Freelancers” when people hears about this job title, the first thing that comes to our mind is “freedom”.

Being freelancers and self-employed allowed our family to always be together, as in, everyday, have a vacation on a weekday (mas mura ang accommodation rates) , play with our child while having a lunch break from work which is just few inches away from our sofa haha!

But included in the package of being freelancers is the “inconsistent income flow” or should I say “irregular income” though some freelancers are hired as full time employee receiving a fix monthly salary, there are also freelancers like us, who get paid “project-based”.

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Financial Freedom Journey: Know Where You Are

As promised, after being invited on “Money Wise”, a financial literacy TV Show hosted by Mr. Chinkee Tan and Tin Tin Bersola-Babao, we promised you friends, that we will share our journey towards financial freedom.

They invited us to represent most Filipino Families, why most of us cannot save? They mentored us on how we can do better on our financial life and even on our business.

This year, we wanted to build our emergency fund again- we lost almost everything when we transitioned to one income earner family late 2013 as I’ve shared last year (here) and we’ve been praying for an effective system that will work for inconsistent income earners like us, start paying-off our home mortgage loan and be a channel of God’s blessings– these are our top financial goals for this year.

To summarize, it is one of our faith goals this year to be a better manager of God’s entrusted resources to us, being mentored by Mr. Chinkee Tan & Ms.Tin-Tin is one of God’s answer to our prayer and faith goal.

 

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My husband and I realized that the first step in walking in financial freedom is to know where you are.

Like in Waze, it won’t tell you where you want to go. Instead, it asks us where we will be coming from and our destination before it can show us the directions and paths we need to take.

Same goes with our financial life, first,we need to know where we are right now.

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