Your finances as a freelancer can be more complex than you might be used to when you were employed. You are responsible for much more than taking payments for a job well done, and it can be hard to understand. From planning your budget to paying taxes, here are some tips.

Currently, there are approximately 1.1 billion freelancers in the world, which accounts for 31.4% of the total workforce. While freelancers weren’t so common not too long ago, now a company can hire a freelancer to complete almost any business task.

Freelancers have the tremendous advantage of being able to work from anywhere in the world. Unfortunately, moving to your destination of choice can be hard when you’re a freelancer. Many countries want to see that you have a stable income and a commitment from an employer – something that’s not always possible for people in the freelance industry.