As a freelancer, I know that my income might not always be steady. Thankfully, I have a full-time dayjob as well, but a huge part of my income is from Fiverr.
We all know that when a Gig is approved by the buyer, it takes 14 days before the money is through clearance and can be withdrawn.
Since the income can be rather unsteady for some, and because of the 14 day delay it can be difficult to manage the economy for some. I myself have sometimes withdrawn 30 USD just to afford dinner the next day. Other times I will have 1k to withdraw, and life is good. So my question to you is: how do you manage your income on Fiverr? Do you withdraw every day, once a week, once a month… And any tips for surviving the sometimes unsteady income that comes with working as a freelancer?
Personally, I follow these tips in order to manage my income properly:
Because of unsteady income, I always try to save up at least two months worth of income for emergencies. Unexpected bills, repairs, new parts for my computer or recording setup, or just as a buffer for a bad month. I find having that security and backup helps me sleep at night. You never know when some shit turns up.
Make payday a yeyday. I try to give myself a pat on the back whenever it’s that time of the month. Now, I do withdraw from Fiverr more than once a month, but I try to save up to make sure I have enough for the expenses. Still, when the day comes to enjoy the money I’ve withdrawn, I get myself some beer or red wine, a really good e-juice for my vape, and play some games. Maybe a steak dinner.
So… What are your tips to survive freelancing? I would love to hear your thoughts!