What happens when a copywriter doesn’t have a sound money management system in place? Many have learned the answer to that question the hard way.
You may feel rich in your heart, but poor financial practices won’t fill your wallet.
The right copywriting resources can help copywriters get paid regularly and on time, better manage their finances, and track income to meet their financial expectations and goals.
Having the best tools for copywriters for budgeting and money management can make or break a freelancer’s ability to survive and prosper. When you’re running a one-person copywriting business, you can’t rely on someone else to do the accounting work, bill clients, or track your hours for you. These are all things that you’ll need to do yourself to maintain a reliable income from your copywriting career and scale your business over time.
It’s understandable when these tasks don’t come naturally. After all, copywriters are hired for their skills on the page, not their ability to do the job of a CPA, payroll specialist, client liaison, and project manager all rolled into one.
Nonetheless, as a freelancer, you must juggle all these tasks in addition to completing your projects on time.
If this seems overwhelming, don’t worry. With the right systems in place, you’ll be able to run your finances smoothly and place more of your focus where it belongs: creating stellar copy.
Here’s what we recommend when it comes to the best tools for copywriters for invoicing and financial management.
Why Copywriters Should Prioritize Money Management and Budgeting
Good budgeting is a core skill of anyone managing their own business. For copywriters, the more time you spend putting an effective money management process in place now, the less time you’ll spend fixing mistakes and chasing down unpaid invoices later.
- Practicing good financial management has several benefits.
- It keeps you organized and in control of your finances.
- You’re able to track income and expenses better and plan for taxes.
- You can set concrete financial goals and stay on top of finances.
- It helps you avoid debt and save for the future.
- You’ll manage cash flow and maximize earnings.
Managing your finances using the best tools for copywriters allows you to accurately build consistency into how you budget and track income. These tools will also help you track your business and personal expenses, which sets you up to scale your business as it grows, bringing you maximum financial success in the future.
Here are some of the best tools for copywriters and useful web-based resources to help you manage money, automate and collect invoices, and budget like a pro.
Best Tools for Copywriters to Help with Money Management
There are several tools available that freelancers can use to comprehensively manage and automate different facets of their finances, including budgeting, invoicing, tracking and collecting payments, accounts management, and more. Here are a few of our favorites.
FreshBooks
FreshBooks is a cloud-based invoicing solution that offers project managers an easy way to create and send invoices, track payments and expenses, and manage client accounts. FreshBooks also allows you to collect digital payments, making it easier and faster to get paid for client projects using a client’s preferred method. Other tools include time tracking to easily add logged hours to invoices, the ability to collaborate on accounting projects, and data-driven financial reporting.
Wave
Wave is an all-in-one invoicing, accounting, and receipt-tracking solution. It’s free and includes unlimited invoices and estimates. In addition, should you ever expand your business to include other employees, Wave offers a digital payroll system.
HoneyBook
HoneyBook is financial management and invoicing software designed specifically for freelancers. It includes features such as budgeting, forecasting, and automated payment reminders. HoneyBook offers project management functionality, contract management, and scheduling tools.
Bonsai
Bonsai offers a suite of tools for freelance copywriters to manage their finances, including budgeting, invoicing, and payments. If you want to invest in management tools beyond budgeting needs, Bonsai offers a plethora of digital automation tools for client, project, and financial management.
Web Resources for Copywriters
Central to being a freelance copywriter is the fact that we’re always learning to improve our skills and better manage the business end of our careers. We can grow our freelancing skills and knowledge by taking courses, earning certificates, listening to podcasts, or sometimes by just doing what we want our audiences to do—engaging with helpful content that we find organically on the internet. Here are a few useful websites that can help freelancers hone their financial management skills and perfect the art of invoicing.
The Balance Careers
The Balance Careers provides tips and advice on budgeting for freelancers. Beyond this, articles by financial experts offer general advice on career planning, such as how to write a career action plan or network with others in your field.
Fundera
Fundera offers advice on budgeting for freelancers. Fundera is a company dedicated to helping small businesses navigate financial decisions, from banking to payroll, to business loans, to general accounting. They also offer templates for important business documents such as late payment reminders.
The Simple Dollar
The Simple Dollar provides information on budgeting for freelancers. In addition, expert contributors provide information on several money management topics, including strategies and tools for getting paid, preparing taxes, taking out personal loans for self-employed workers, and more.
Freelancers Union
Freelancers Union provides resources and advice on budgeting for freelancers. Freelancers Union is a network connecting millions of independent workers by offering information on advocacy, benefits, and resources to help freelancers further their careers. Freelancers Union dedicates its content to topics specific to freelancers and their business needs instead of other resources that give general business and financial advice. They also offer in-person events, workshops, and networking opportunities.
How Copywriter Exchange Can Help You Budget Better
At Copywriter Exchange, we understand freelancers need all the tools, resources, and advantages they can get their hands on. Did you know that Copywriter Exchange has formed our own invoicing templates, as well as other useful guides and resources for copywriters?
Download Copywriter Exchange’s copywriter starter pack here. >>
If you’re looking for even more copywriting resources, including templates, advice, and the best tools for copywriters, check out our resource hub.
Copywriter Exchange is a space built by and for copywriters so they can connect with other freelancers and new clients to grow their careers. Join now to access our templates, guides, and courses to help you expand your career, skills, and network.
Author Bio
Connor Holmes is a content writer with Content Workshop who comes from a diverse writing background. He worked as an award-winning public safety staff writer at his hometown newspaper, The Cape Coral Daily Breeze. He earned his MFA in creative writing and has professionally published fiction and poetry. He has also tutored English to students from grade school to grad school.
At Copywriter Exchange, we’re a group of master content marketing pros who bring their diverse talents and backgrounds to bear on the art and science of creating high-performance content tailored to your needs. We exist to help copywriters thrive in today’s economy by connecting them with the resources they need to step up their game. Join now to access our templates, guides, and courses to help you grow your career, skills, and network.
