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The 50/30/20 rule
A simple framework: 50% of income on needs, 30% on wants, 20% on savings and debt. As a freelancer, adjust the savings slice upward to account for irregular income.
Build a 3-month buffer
Freelance income is unpredictable. Aim to keep 3 months of total expenses in a separate savings account. This is your business survival fund — don't touch it.
Set aside tax every month
Transfer 25–30% of every payment to a dedicated tax account the day it arrives. Treat it like it's already spent — because it is.