Monthly Expenses Your Business Can Do Without

by Dec 30, 2021

Get 60% off the ‘Secrets of a Six Figure Freelancer’ ebook today

One of the most difficult parts of running a business is balancing your budget and making sure you have the funds you need to get things done. There are some monthly expenses that are absolutely essential and need to be a part of your monthly budget. On the other hand, there are also expenses that many businesses pay for each month that aren’t really necessary to making sure that your business is as successful as it should be.

Software

It’s likely that there are some software expenses that you will need to pay each month or purchase upfront. But there are other software needs that can be met with free options that are still amazing resources for your company. If you are feeling like you might be spending too much on your software, it may be time to look around and see if there are free software options available that can actually help you to do even better with your daily tasks. If you can find free versions that get the job done, it can save your business a lot of money.

A Phone Line

Some businesses are still using a landline or mobile phone to take care of calls. This option is expensive, and it is usually totally avoidable since you can make calls over the network using your internet connection. VoIP makes it easy to make and take calls using just the internet. So if your business still is paying for a landline and internet, it might be time to make the switch and close your landline. You can often even use the same phone number for your VoIP calls, so the transition can be incredibly smooth.

Missing Deductions

It’s important that your business is thorough in filing taxes and that you take advantage of all the deductions you are qualified for. If you aren’t doing this, you may find that you are spending more on taxes than you should, and that can land you in financial trouble if you don’t rectify the issues. It may seem like an added expense to hire an accountant, but they can help you to file your taxes more effectively so you don’t spend unnecessarily.

Taking care of your business is important and balancing your budget is a huge part of that. Take time to look through your budget and figure out what extra expenses you may not need to spend on. That will help you to decrease your costs and keep things running as well as possible.

Ready to start your consulting business? Grab my book and get started today! 

Other Posts You Might Like

Three AI tools for freelancers, that’ll help you work smarter

AI is revolutionising the world of business. Industries of all different descriptions are capitalising on the latest advancements that are...
Read More

UI vs UX: Are They The Same Or Different, And What Is Their Impact On A Website? 

The phrases ‘User Interface’ (UI) and ‘User Experience’ (UX) are frequently used in tech-related settings. What does a UX or...
Read More

Get Your Creative Business on the Map

As a creative professional, obviously you want to get your work out there. Often, though, that’s easier said than done....
Read More

How to Write Compelling Email Copy that Converts

In 2022 alone, there were a total of 333.2 billion emails sent out and received globally. Sounds outrageously high? That...
Read More

Running A Business & Having a Life

Running a business brings many challenges, and so does running a household. While the two aren’t mutually exclusive, keeping all...
Read More

Legal Issues Every Freelancer Should Know About

You may not have the resources of a larger company to handle legal matters, but it's important to know the...
Read More

Why You Should Become a Freelance Writer

Writing is a skill that doesn’t come easy to everyone, but if it’s something you do well and enjoy then...
Read More

How to Get Out and Promote Your Brand

As a small business owner, it's important to get out and promote your brand. You can't just sit behind your...
Read More

The Benefits of Working as a Freelancer

Freelance work has become more popular, but for many people, it can still be an unfamiliar idea. While there are...
Read More

Underutilized Tools That Can Grow Your Business

Your business deserves only the very best. You should also be aware of the common pitfalls for new startups. One...
Read More

Hi, I’m Kate

Hey, I’m Kate! I’m a designer, digital nomad and founder of Six Figure Freelancers – I love to help talented tech pros start businesses.

Work with Me

Get The Book

AppSumo badge

Featured Post

Would You Like Help Finding Freelance Clients?

Learn more about the Six Figure Freelancers training programs, and learn how to take your freelance business to the next level.

Pin It on Pinterest