Personal Finance Tips for Freelance Writers: Never Feel Broke Again

We are also willing to compensate you for your own identity theft story ifyou have been victimized before.

As a singer, she has been profiled on CNN, National Public Radio and BBC Radio/Television. If you’re having cash-flow problems, I strongly recommend tracking your cash flow. In the rush of work and family life, it’s often all a blur and you lose track of where the money all goes. Don’t get all excited and go to Disneyland with it…at least not until you build up a six-month emergency fund.

I know, I just said you wouldn’t have to get a raise or new clients. But in fact, one of the easiest ways to have more cash is to get paid more. If you have clients you’ve worked for over a year and you have a good relationship, consider asking for a raise. Worse, some writers end up having to give up and go crawling back to those day jobs we hate. A few months later, we realize this dysfunctional low-payer is sucking up too much time and making us go broke even faster.

In short, a tax deduction reduces the amount of income on which you are taxed, whereas a tax credit reduces the amount of tax that you owe. This means that a $1,000 tax credit will save you much more than a $1,000 deduction. The 2022 Investopedia Financial Literacy Survey surveyed 4,000 adults and found that most Americans are concerned about personal finance basics, retirement funding, and investing in crypto. Individual goals and desires—and a plan to fulfill those needs within your financial constraints—also impact how you approach the above items. To make the most of your income and savings, it’s essential to become financially savvy—it will help you distinguish between good and bad advice and make intelligent financial decisions.

Income is the foundation of your personal finances and includes all parts of your cash flow – the money you take in from all sources. It includes your salary, pension or Social Security, income from rental properties or investments. Our expert reviewers hold advanced degrees and certifications and have years of experience with personal finances, retirement planning and investments.

The site specifies it’s hiring writers, which means it’s a paid gig — but it doesn’t specify an amount. You must apply to become a blogger, and the application process requires three sample posts and five concrete ideas for future posts. Before you submit a guest blog post idea make sure you read through articles we have published in the past to get a good grasp of what type of content we use.

And don’t forget to listen to “The Investopedia Express with Caleb Silver,” our weekly podcast, and sign up for Investopedia newsletters. It is the entire amount of cash inflow that you receive and can allocate to expenses, savings, investments, and protection. This includes salaries, wages, dividends, and other sources of cash inflow. There is no limit on how many articles one writer can submit to us; it totally depends on you and your time schedule. You would love to help people who need any kind of financial information to make their decision to invest in financial products. Vox is a gigantic website (that you’ve likely run into on social media) mostly focused on news.

Your cousin Fred, who has already burned your brother and sister, will likely not pay you back, either. The smart thing to do is decline his requests for help—you’re trying to make ends meet also. Once you have your emergency stash, you’ll need to develop investing discipline—it’s not just for institutional money managers who make their living buying and selling stocks. Average retail investors tend to do better by setting an investment target and abiding by it rather than buying and selling stocks trying to time the market.

Often, they’re happy to oblige, and you can smooth out a cash-flow dip with a single phone call. At many companies, checks are only cut once or twice a month. Dither around a week or three waiting for an editor’s feedback, and you could easily find yourself waiting until next month’s check cycle. Where you might have had a check in two weeks, now that stretches to six or eight. It’s exactly these sort of delays that lead to a cash crunch.


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Establishing an emergency fund takes financial discipline—without it, giving in to the temptation to spend rather than save can have dire consequences. In the event of an emergency, you may not have the money to pay the expenses—leading you to finance them through debt. Due to an overly complex tax code, many people leave hundreds or even thousands of dollars sitting on the table every year.