Tool #3: Tracking your finances

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Keeping track of your expenses allows you to accurately calculate a fee that ensures that your practice and lifestyle are viable. Having a constant, up-to-date overview of your income and your outgoings – both for your practice as well as your life – allows you to be more in control and able to make decisions about your practice or way of life that are realistically tied to your economic condition.

Template spreadsheet to track your income and expenses:
Euro, Pound sterling, Polish złoty

You can find more sophisticated tools online to keep track of your finances, many of which demand a fee and are geared towards small businesses. Just search for ‘tracking your finances’.

Last edit: 19.05.2014