Freelancer Budget Template
Freelancer Budget
Prepared By: [Your Name]
1. Income
|
Project/Client |
Expected Income |
Actual Income |
Due Date |
Status |
|---|---|---|---|---|
|
Project A |
$1,500 |
$1,500 |
15th Jan |
Received |
|
Client B Retainer |
$2,000 |
$1,500 |
31st Jan |
Pending |
|
Ad-Hoc Work C |
$500 |
$400 |
10th Jan |
Received |
Total Expected Income: $4,000
Total Actual Income: $3,400
2. Fixed Expenses
|
Category |
Budgeted Amount |
Actual Amount |
Payment Due |
Notes |
|---|---|---|---|---|
|
Software Subscriptions |
$100 |
$100 |
5th Jan |
Adobe, Canva |
|
Internet & Utilities |
$50 |
$50 |
15th Jan |
Home Office |
|
Health Insurance |
$200 |
$200 |
1st Jan |
Freelancer Plan |
|
Rent (Co-working) |
$300 |
$300 |
31st Jan |
Shared Space |
Total Fixed Expenses: $650
3. Variable Expenses
|
Category |
Budgeted Amount |
Actual Amount |
Notes |
|---|---|---|---|
|
Marketing/Advertising |
$100 |
$75 |
Social Media Promotions |
|
Travel |
$150 |
$200 |
Client Meetings |
|
Office Supplies |
$50 |
$45 |
Paper, Printer Ink |
Total Variable Expenses: $320
4. Savings
|
Goal |
Amount Set Aside |
Goal Amount |
Progress |
|---|---|---|---|
|
Emergency Fund |
$500 |
$5,000 |
10% of Goal Achieved |
|
Retirement |
$200 |
$50,000 |
Long-term |
|
Professional Growth |
$100 |
$1,000 |
Online Courses, Events |
Total Savings: $800
5. Summary
|
Metric |
Amount |
|---|---|
|
Total Income |
$3,400 |
|
Total Expenses |
$970 |
|
Savings |
$800 |
|
Profit/Loss |
$1,630 |
6. Notes & Adjustments
-
Increase marketing budget next month due to good ROI.
-
Renegotiate payment timelines with Client B to avoid delays.
-
Evaluate health insurance alternatives to lower costs.
