1. Open a main business account with multiple savings account – Basically, all your income will go to the main business account. From this account, you will pay yourself like an employee and pay for your business expenses and different types of savings: tax, retirement, and emergency fund. Meanwhile, the multiple savings account that should be under your main business account are: retirement savings, tax savings, and emergency savings. This way, you will be able to set aside money for the important things.
2. Treat yourself like an employee – It's so easy to forget that you are actually working when you are freelancing or working from home. While you are your own boss, you are also your own employee, and you should think of the perfect amount to pay yourself. This "salary" should be the basis of your weekly or monthly budget.
3. Resist "inflating" your lifestyle – As your income grows, the temptation of inflating your lifestyle grows, too. Lifestyle inflation means increasing your spending because of the notion that you are making enough to fund for the change of lifestyle.
4. Pay your debts – Always set aside some of your income to pay for loans and credits so that in the future, your debts will all be eventually settled and you get to enjoy your income for your expenses and savings alone.