She Strengthens

The Realities of Living on a Freelance Income in NYC

A Constant Struggle to Make Ends Meet

As a freelance writer in New York City, I’ve learned to navigate the challenges of earning a livable income in one of the world’s most expensive cities. With a yearly income of $24,000, I’m barely scraping by, especially considering the median income in Brooklyn, where I reside, is a whopping $55,150. To make matters worse, my income is irregular, and I often find myself stretching leftovers for days or taking on part-time jobs to cover my bills.

Budgeting and Grit: The Keys to Survival

Despite the struggles, I’ve managed to find ways to make it work. My secret? Solid budgeting and a healthy dose of determination. Here’s how I’m staying afloat:

Tracking Every Dollar

I know it’s a pain, but keeping tabs on my finances is crucial. Tools like Mint and Quickbooks make it easier, and it’s essential for submitting quarterly tax payments and making informed spending decisions. By knowing exactly what’s in my account, I can prioritize my expenses and avoid overspending.

Prioritizing Essentials

Each month, I ensure I pay my bills on time, cover my rent, and buy groceries. I also set aside 10-15% of my earnings for the future, giving myself a cushion for slower months or emergencies. This means sometimes sacrificing non-essential expenses, but it’s a trade-off I’m willing to make for financial stability.

Finding Free Fun

During slow months, I get creative with entertainment. I host potluck dinner parties, take advantage of free outdoor concerts, and visit no-admission museums. It’s amazing how much fun you can have without breaking the bank!

Smart Food Shopping

I’m vigilant about keeping food costs low, which means scouring multiple grocery stores and farmers markets for the best deals. By doing so, I’ve managed to keep my weekly food budget to around $75, despite NYC’s inflated prices.

Hustling for New Opportunities

To increase my earnings, I’m always on the lookout for new work opportunities. I’ve reached out to local businesses, offering my social media expertise, and made sure to provide top-notch service to existing clients to secure referrals. By diversifying my services and being proactive, I’ve been able to ride out slow periods.

Preparing for the Inevitable

I’ve learned to anticipate slow seasons, like mid-summer and the holidays, and plan accordingly. By diversifying my work and having a backup plan, I can weather the financial storms and focus on enjoying the benefits of freelancing in the city I love.