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8 Best Finance Tips for Freelance Animators

ben marvazi 2020

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best finance tips for freelance animators

1. Open a Bank Account for Your Animation Business

Having a separate bank account for your animation business allows you to have more organized and accurate bookkeeping.

open a bank account for your animation business

2. Improve Your Financial Literacy

A financially literate person knows how to manage their money as well as how to invest and budget.

improve your financial literacy as a freelance animator

3. Invest in Your Animation Education

Continue learning not only about animation but also the business side of animation.

invest in your education as an animator

4. Creat a Budget & Keep Track of Your Finance

Know where your money is coming from and where it's going. You can use accounting software such as Quickbooks or Pabbly.

keep track of finances and budget as a freelance animator

5. Ensure Your Healthcare Coverage

Establish a budget for your healthcare coverage which includes benefits such as vision, dental, disability, term life, and liability insurance.

ensure your healthcare as a freelance animator

6. Set Aside Money for Taxes and Insurance

Apart from running your animation business, you will also be responsible for paying taxes. Consider hiring an accountant.

set aside money for taxes and insurance for your animation business

7. Build an Emergency Fund

Building an emergency fund doesn't end at setting aside some money for a rainy day. It also matters where you put the money.

build an emergency fund first as a freelance animator

8. Save Up for Retirement

Your retirement plan is one of the most important preparations you can make for the future. Invest in assets that will secure your future financial needs.

save up for retirement after your freelance animation career

Want to Grow to Grow Your Freelance Animation Career or Studio?

how to grow your freelance animation career
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