Tenured freelancers are advising newcomers to balance gigs with financial management. Given the nature of freelancing, income is irregular and subject to delays here and there.
That said, veterans April Villacin, Lyle Tanciano, Lyn Cepillo, and Abby Maravilla gave tips on being financially stable via GCash. The highlights of their tips include tracking cash flow, fixing payments, and using the right tools.
One of their recommendations include separating accounts for taxes, savings, personal spending, and business costs. In addition, recurring expenses should be noted down, such as utilities, rent, and subscriptions to avoid surprises during slow months.
Villacin said that good skills and clients are not enough without a clear system for cash flow. There should also be a weekly habit for updating your financial records.
Meanwhile, for payments, Maravilla warns that delayed pay releases can hurt essentials like rent and groceries. This is more evident for those who have international clients.
Cepillo added that your bills don’t wait for days, so having a reliable payments platform is a must. To help with this, GCash comes in clutch by supporting faster USD cash-ins via Payoneer and PayPal in real-time.
The platform also comes with free withdrawals (Payoneer to GCash), while PayPal fees are capped at P200 for 1 percent charges. Lastly, Tanciano supports this by saying GCash is your all-in-one solution.
It combines quick cash-ins, bills payment, and offers savings features to simplify day-to-day money tasks. Everyone also agreed that building small habits with the help of GCash can help freelancers navigate through unpredictable income.
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