Cover office supplies and other expenses2 of 9As 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. Related Articles:Cut home insurance costsOff-season travel savesMake a budget for savingHome insurance protectionRelated Links:Saving in the recessionIs virtual wallet for you?5 great second jobs11 'fallback' careers advertisement
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.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.