![best finance tips for freelance animators](https://businessofanimation.com/wp-content/uploads/2022/02/1-37-1024x1024.png)
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](https://businessofanimation.com/wp-content/uploads/2022/02/2-35-1024x1024.png)
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](https://businessofanimation.com/wp-content/uploads/2022/02/3-35-1024x1024.png)
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](https://businessofanimation.com/wp-content/uploads/2022/02/4-27-1024x1024.png)
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](https://businessofanimation.com/wp-content/uploads/2022/02/5-25-1024x1024.png)
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](https://businessofanimation.com/wp-content/uploads/2022/02/6-20-1024x1024.png)
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](https://businessofanimation.com/wp-content/uploads/2022/02/7-11-1024x1024.png)
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](https://businessofanimation.com/wp-content/uploads/2022/02/8-8-1024x1024.png)
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](https://businessofanimation.com/wp-content/uploads/2022/02/9-4-1024x1024.png)
Want to Grow to Grow Your Freelance Animation Career or Studio?
![how to grow your freelance animation career](https://businessofanimation.com/wp-content/uploads/2022/02/10-3-1024x1024.png)