Freelancers know that it can be tough to bring home a steady income each month. Most of us are at the mercy of jobs that might not be steady and can end at any time. Even with income that is steady, it might not be enough to pay the bills each month, or at least not enough to live on solely. However, it might be a good idea to use that income to pay your bills. What are the pros of this?
The best reason why you should use the income you make from Internet work towards bills is that it usually gets there first. If a client is sending you a check, you never know when it will come. It could come on a Tuesday, or maybe next Saturday. Even if you are doing contract work, you can never be sure of the exact date your pay will come. With online writing, it is usually stated upfront when your payment is coming.
This works out well because you are going to want to pay your bills as they come due. You don’t want to have late fees or collection calls because you are stuck waiting for a check to pay your bills. Most online sites will pay you on the 1st, 15th or last day of the month. However you get paid, you can at least figure that you will get paid on those dates and have the money when you expect to have it.
Using your online income to pay your bills also gives you a sense of accomplishment. A lot of online income is residual, so being able to see what your work continues to give you is a good feeling. Knowing that a few articles you wrote back in December are paying your phone bill in May can be a great feeling. It also gives you something to shoot for as you keep going for a bigger chunk of that revenue pie.
You don’t even realize you are spending money when you use online money. It doesn’t feel like cash and it is only represented as a number. No one feels a personal attachment to a number. The only time you are emotionally attached to your money is when you take cash out of your wallet and into the hand of a cashier. It is also a lot easier to pay bills online and most of it can be done automatically.
Paying your bills online is easy, so it makes sense you would use your online income for this. You know when your online income is going to come in and you can track your progress based on how many bills it is able to pay. It is up to you how you pay your bills, but using your online income to pay bills is a good idea.