The surprising cost of working freelance
Cover office supplies and other expenses
As your own boss, you'll have to buy your own office supplies. And if your computer breaks down, you have to pay to replace it or to get it fixed.
Still, when you work freelance, some of your other costs go down. For instance, you don't have to spend as much money on work clothes, dry cleaning and child care because you're working from home. These differences may help to mitigate your freelance expenses.
With a sluggish economy, Kanarek advises people not to start a full-time freelance business. She suggests first trying it part-time to ensure it's something you'll like.
Kanarek says if you can't make enough money as a freelancer, you should probably make it a sideline.