8 comments

  1. Celise says:

    You said that you save 25-30% of your income. That confuses me, because I think it would either be 25% OR 30%. How do you know when to do one or the other? Also, is it different when you have a FT job and the freelance thing is still a side hustle? Do you still put aside the same amount?

    • Carrie says:

      It depends on my cash flow for that month. But I aim to save between the 25-30% amounts towards taxes. Obviously, the bare minimum is 25% but in month’s that I’m below budget or having more revenue, I’ll save a bit more. It’s a lot different when you’re freelancing on the side of your day job, as you can adjust your W-4 form to take out more taxes from your paycheck to compensate for the extra freelance income.

  2. Brent Jones says:

    Wow Carrie!

    What a neat tool.

    I’m going to have to check this out.

    I wonder if it’ll work with Canadian bank accounts?

    I love your idea about using it to save for taxes, too. So many freelancers get behind on income taxes. I generally stash away 25-30% of my earnings each month when I do my monthly P&L statement — but doing it as each transaction clears would work, too.

    Very kind of you to share this with us.

    Brent

  3. Collin Glass says:

    Hi Carrie,

    Thanks for this review. I’m a huge fan of finance tech startups too! It’s pretty wild they do all of this over chat. Fingers crossed it works with Canadian Bank accounts.

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