Don’t be afraid to ask for an advance: Suzanne Bowness about budgeting for freelancers – Moneysenense

Since 2002, SUE has provided content creation, editing and advisory services to business customers through its company Code word communication. Here she talks about her forming experiences along the way to become an expert in the field of independent and the right way to use debts.

WHo are your money/finance/investing heroes?

As a freelance writer I had an early performance that revised business books, of which several were financially financially. That gave me insight into the fact that people actually wrote books about money that helped in demystifying elements such as the stock market and other conditions. I wanted money management in high school; I had preferred that class over other mathematics that I never use as an adult. Suze Orman was one of my favorites of those early lectures for her practical advice and encouragement that everyone could understand and manage their finances.

How Do you like to spend your free time?

I like to walk – both in nature and cities – to travel and see new places. I like reading and listening to podcasts and audio books. I also like writing fiction and poetry, although it is sometimes tiring to make time for creative writing after a full day as a professional writer.

M whenOney was not an object, what would you do now?

I have always wanted to become a writer, but when I grew up, I realized that I also had to earn a living. So I started working as a journalist and content writer. Although I enjoy every kind of writing, I still like to write fiction, so I would probably turn the time so that I write my creative work during the day instead of after hours.

WHat was your earliest reminder about money?

My earliest money memory received a dollar surcharge from my parents for chores. (I was dusting and cleaning bathrooms; my younger brother was vacuuming. To this day, these are our favorite chores. I love the rapid solution of a good bathroom polish.) We would walk to our local Depanneur in the outskirts of Montreal and my brother would buy a big item as I would have a chocolate in the Coke or a Coke in the Coke or I Coke in the Coke or I Coke in the Coke or a Coke and I would be in the Coke or a Coke in the Coke or a Coke and I Coke in the Coke or a Candy in the Coke or a Coke and I Cokepe in the Coke or a Candy in the Coke or a Candy in the Coke or a Candy in the Coke or a Candy in the Coke or a Candy in the Coke or a Candy in the Coke or a Chocolate bar or in Coke of Coke or a Candy of Coke or a Candyty of Coke or a Candyty of Coke or a Candyty of Coke or a Candyty. Week.

I think maths became important for that transaction when I made the money as far as possible (was it better to buy five gummy bears at two cents each or a lollipop of 10 cents?). I also learned that different people want and appreciate different things because I have never brought my brother to my way of thinking, nor converted to his.

What is The first thing you remember that you bought with your own money?

In addition to Penny Candy, I think a cassette tape of the film soundtrack Cocktail. Also books by Scholastic.

What was your first job?

After being careful, my first real job was as a cashier at K-Mart, where I also worked in the garden center when I was 15. I still remember the stress when your fund registration tape held, and I can still see the difference between impatiens and petunias.

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I am not sure what I did with my first Paycheque, although probably later saved what a band camp later saved later that summer, when I had to stop because my manager would not give me the week free.

WHat was the biggest money lesson you learned as an adult? What would you do differently today?

Probably save earlier. I remember that a bank had an advertisement in the metro about the difference in results between the person who started saving at the age of 23 and saving the person who started to save at the age of 30. The problem is that I think I saw that advertisement on 28, so I already felt behind. I also hated that Nerd had the means to save at the age of 23.

A related lesson as a freelancer was to save my money for income tax and HST in a separate place, so you have it when it comes to tax time. It is very easy to spend if it is not in a separate account.

WHoed Is the best money advice you’ve ever received?

Pay debt with the highest interest rates first (ie credit cards). But also, I have learned to have the benefit of credit available (and to say yes to a credit line with a lower interest rate) as a way to balance my freelance company, because I usually have submitted an invoice 30 days, I paid. I also learned to ask a percentage in advance if I work on a larger project – say 30% to 50%.

WHat is the worst money advice you’ve ever received?

I have not received this advice directly, but I find all or nothing money advice annoying. Especially the one about how much you can save by avoiding beautiful coffee. I am not a chic coffee, but if that is the editions that will give you an hour of work at a table in a coffee shop or take your day, then it’s fine. Treats are good in moderation and money is also for buying a fun life today, not just saving for the future.

WWould you rather get a large sum of money in one go or a smaller amount of money Week/month for life?

As a freelancer I regularly receive large sums of money in the middle and the end of projects and then nothing for a few weeks, so I am curious what it would be like to have a regular deposit every week.

WHat, do you think the most underrated financial advice, tip or strategy is?

Focus individually on the question of whether each purchase is a good idea. Only because something fits in your budget does not mean that it is a reasonable ending. I don’t think I’ve ever paid more than $ 100 for a handbag, so if I see one at $ 500, that’s just not for me. Also knowing the current costs of items that you regularly buy, so that you are not misled by marketing or “sales” to think that you get a lot. I know when the toilet paper is really a good sale.

WHat is the biggest misconception that people have about growing money?

That there is a magical era that it is too late. I started saving more in my thirty and I think it is never too late. It just means that I have much more room in my RRSP to keep filling.