How to Structure Your Finances as a Freelance Writer

When I reached out to freelance writers across multiple online communities asking them how they organized their finances, I got multiple answers, each of which seemed perfectly viable.

Now, one method may in fact be better than another. But in the spirit of having things your way (the mantra of the freelance writer, and, incidentally, Burger King’s slogan), here are a few different ways you could organize your finances as a freelance writer.

Some freelancers prefer to treat all their revenue as income. This makes sense because the overhead costs for freelance writers are so low, writers can just pay any costs with a personal bank account.

For people that adopt a Revenue = Income model, they just make sure to keep accurate records of income for when tax time rolls around. Here’s what people in this category had to say.

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