Money is a difficult subject to talk about. But with the right financial tools, anyone can learn to manage their expenses and stay away from financial troubles later on.

Those who know me would know that I like automation. And, I also like looking for financial tools that can make my life easier and my business run smoothly.

Today, I’d like to share three financial tools that can help freelancers manage their finances better. I’ve personally used these, and I can attest that they definitely work.

Financial Tool #1 – Wally for Expense Tracking

I’ve been a fan of Wally for almost two years now and I’ve been using it to tracking and managing finances.

What I love about it is that it lets me compare my income versus expenses. It also gives me insights on my spending habits.

One of my guilty pleasures is online shopping. I just can’t help it! I get curious about a lot of stuff, especially when it comes to beauty products and Zeeka’s things. I’m also into checking out local brands. Just check out my Instagram and you’d know what I mean.

And sometimes, I can’t help but be a bit impulsive.

But with Wally, I get to see the expenses I’ve made and categorize them according to their purpose. It lets you create your own budget, add tags and categories, and even the location of your purchase.

It also lets you add reminders for recurring payments, attach images and pictures of receipts, and even keep track of all financial accounts in one place. You also even set goals for savings and investments.

Wally also has a feature where you can track the loans you’ve made and strategize on payments to avoid incurring penalties.

The most awesome thing about the app? It’s absolutely FREE!

You can get yours today by visiting the App Store or Google Play.

Financial Tool #2 – Paypal

I have used PayPal ever since I started writing for a living. And being a recognisable brand all over the world, Paypal made it easier for local and international clients to trust me with their business.

What I love about Paypal is its flexibility. I can send and receive funds from my clients without the fuss. I can also integrate other apps and automate processes like recurring payments with ease.

I have always prioritized automation in running my projects and businesses. As an entrepreneur, it’s important for me to free my time so I could focus on the tasks I need to do. And Paypal has given me the option to do just that.

Paypal has come in handy for online payment options, especially for Manila Workshops and Taxumo.

Those who avail of our workshops find it easier to make seat reservations through our website. It also gives them easier access to ongoing promotions and deals with just a click of a button. Taxumo users also get to enjoy seamless payments when they use their Paypal to pay for our services.

This service from Paypal is an awesome tool you can use for your freelance business. You can use it to get direct payments from anywhere in the world transferred to your local bank account.

You can also add it to your website and other profiles for clients to make payments any time.

Here’s a quick tutorial on how you can also add a Paypal button to your website:

Financial Tool #3 – GCash

I’m such a fan of GCash because it’s so convenient. Ever since I started using it, I didn’t have to carry as much cash anymore.

GCash is perfect for freelancers, especially those who don’t have time for long queues just to pay their bills. With just a tap of a button, you can get your phone bills, credit card bills, and other utilities paid at your convenience.

Here’s a cool feature from GCash. Did you know that you can just scan your electricity bill to pay it on your GCash app?

Yep, I used to type in the reference numbers when I started paying our electricity bill through the app. This process is a bit tedious and is prone to errors, but it definitely beats standing in line at the payment centers or banks.

Thankfully, GCash now added a feature where you can scan the code at the bottom of the bill and saves you from all the effort.

GCash also has other features that freelancers can take advantage of. There’s GCredit, where you can use it as a credit card for online payments. And there’s also GInvest, where you can start investing your hard earned cash and get access to various investment funds.

You can check out my post for more information about GCredit here.

If you’re interested in investing, you can learn more about GInvest here.

Freelancing can be difficult, especially if you’re starting out or if you don’t have a steady stream of clients. That’s why it’s important for every freelancer to learn how to manage their finances well.

Good thing that there are financial tools available today that can help you stay out of debt and financial troubles.

What tools do you use to manage your finances? Share your finance-related tips with us below.

Christmas is so much filled with activities like decorating, attending parties, travelling to see friends and families. It is also a season when everyone loves to give. Thus, you feel the urge to buy gifts for almost everyone. It is indeed a very expensive time that even if you set a budget, you have the tendency to overspend it. Some of you are now thinking on how to build up cash again after going overboard during the holidays.

Here are some ideas that you can try to build up cash and regain what you lost during the holidays. Just wanted to share the things that I do:

 1. Sum up the cost of each item you spent on during the holidays.

What I usually do is keep a spreadsheet of our Christmas list. As I purchase, I input the price of the gift that I chose. This is something you can actually do next year. But since it’s too late to start this (since you’ve already given out gifts), pick a pen, try to recall and make assumptions on how much the gifts were, then do the math. See if you can still find receipts even if they are already crumpled. Try to come up with an approximate number. After which, try to split the total into cash and what was spent using a credit card.

2. Use an application and try tracking your income and expenses starting TODAY!

After I download and app or use a planner, I’m guilty of deciding to use it at the start of a month. Para malinis (so everything is in order!), as I would say. But the thing is, it will be most likely that you’ll forget to use it at the start of the month. So, you’ll end up delaying and delaying.

What I would advise is to start ASAP! Once you have downloaded the application, start using it.

Okay, so what applications do I use.

One, I use Taxumo (for obvious reasons to some). Since I use it for paying my taxes, I thought might as well use it to log in my income and expenses for my business. By the way, this is a web application, so you don’t need to download anything. You can access Taxumo straight from your browser!

The other application that I use is called Wally. I love it because I know at any given point in time how much I have in any of my accounts and in my wallet. I update it every day (at the end of the day) and I check if I get to balance everything out. So far, I have been doing a great job!

The last application that I want to share with you is called 52 weeks. I’m sure you’re all familiar with the 52 week saving challenge! Well, this actually automates it! But unfortunately, for the past 3 weeks, I haven’t saved anything yet. But, we’ll see! I know that I need to catch up.

3. Challenge yourself  and stop buying expensive things.

After calculating, you need to spend less during this time. My rule is to only spend if that thing brings me joy. I learned that from my friend who is a decluttering consultant. This is her blog: https://www.myjoyfulspace.com/. She taught me how to think really hard before buying.

Stop spending on not-so-important things so you can build up your savings. Avoid going to places that will tempt you to buy for expensive items like in the restaurant, bar, departments store, etc. Substitute a high-priced meal with one that you can prepare nicely at home. If you are looking for fun, go out with a friend and talk about good experiences. Some fun things can be free. Well, you do have to make some sacrifices for the shopping spree you did last year.

What I have noticed also is that if I know that I need to track expenses, I spend less. I’m lazy to track a lot so that keeps me from buying a lot of things!

4. Find other means of earning back your money.

It’s timely to be resolute to regain the money you’ve lost. Be determined to incur extra cash to cancel out your debt. Think about your strengths that can be valuable to others. What can you offer and be paid for it? Can you write, layout or bake? Are you good at selling? Can you teach students during weekends?

Don’t focus on JUST budgeting from what you’re earning. That will lead you to fall into the trap of going from pay check to pay check. If you want to earn back the money that you have spent, you need to find extra sources of income and make it happen!

So those are my 4 tips on how to build up cash again after spending it all over the holidays! Do you have anything else to add? Feel free to comment on this blog and let me know!

Happy new year!

Always, your partner towards success,

Mommy Ginger