Guides / Protect yourself
A buffer for slow months
Pay yourself a steady amount, and keep the rest in reserve.
Freelance income rarely arrives evenly. A buffer in your business account lets you pay yourself the same amount each month, even when clients are slow.
How
- Pay taxes and business costs first
- Pay yourself a steady monthly amount
- Leave the rest in the business account
- Aim for two to three months of your pay plus business costs
General educational information, not tax advice. Rules change every year. Pocket Change Pros isn't paid by any bank, software company or tax service.