The success and sustenance of your freelance business is largely influenced by your money management skills. Like any other business venture, managing finances is crucial and instrumental for the business’ long-term growth. A bigger percentage of managing your freelance business’ finances is by gaining an extensive understanding of your income, expenses and savings. It is important to develop a budget and savings plan for the purposes of transparency and accountability. In order for your money management plan to be effective, ensure that you are keeping a track record of any costs and expenses related to your business. This “Managing Your Finances” Checklist is a practical guideline for managing the finances of your freelance business.