There's a certain security to keeping a day job.
Freelancers and entrepreneurs are well acquainted with being broke. And given that I'm a freelancer and my wife is a small business owner, we've learned how to make a killer meal out of Ramen noodles (hint: diced chives and an egg).
We've spent the last few years tied to a strict budget, making sure that every dollar was accounted for. would land us with overdraft fees—which were frequent. We constantly searched for ways to save on home energy. Most months, we scrambled to cancel automatic payments because payday was just a couple days later, and it was better to be late on our gas bill than to pay another $35 for overdrawing our account. We played the same game with our rent for the business.
But recently, our hard work has started to pay off. My wife's shop account got ahead enough to pay even the next month's bills. Some opportunities came to me that brought us to the sort of income we had before we quit our day jobs.
We celebrated. A lot.
Across the first month of our newfound wealth, we spent hundreds of dollars treating ourselves. We went out to nice dinners. We finally bought new shoes. I bought a few more records than I should have.
But then, we stopped to look at our finances.
The last time we made money like this, we spent it the exact same way. We made far more than we needed to cover our bills, but we saved none of it. We didn't want to make the same mistake again.
Just because we can afford to spend more than our bare bones budget allows, that doesn't mean we need to. We can allow for a meager spending allowance, but the extra few hundred we're making each month will be paid toward debt, saved, and invested, where it will do more good.
Because if we've learned anything in the few years we've been without a nine-to-five, it's that you can never count on tomorrow's paycheck. So make the most of .