As a freelancer, it can be difficult to rely on your income coming in every month, especially if you’ve just started out and haven’t managed to put money aside from everything that you earn for a rainy day. When you’re working for yourself on a freelance basis, chances are that you are relying heavily on technology in order to complete your work and earn money. Technology breaking down can leave you in a sticky situation where you’re unable to earn any money, but you need to make some cash in order to replace your laptop, smartphone, or other equipment that you use to make a living. Here are some of the best things that you can do as a freelancer in order to fund an emergency tech expense.
#1. Work if You Can:
If you are still able to work with the equipment that you have, then it’s a good idea to get as much work as you can in order to ensure that you can not only manage to keep up with your priority bills, but also make some extra money to fund your tech purchase. If you don’t have the equipment to do this, you might want to consider finding a different type of work that you would be able to do. For example, if you’re working as a freelance videographer and your camera has broken but your laptop is still in working order, you could make some money from editing other people’s video footage or even writing blog posts about your trade.
#2. Borrow Equipment:
It may not be possible for anybody, but if there is somebody who you would be able to borrow the equipment that you need from for a short time in order to make the funds you require for your tech purchase, this could be a good idea. Ask your family and friends if they would mind you borrowing their laptop for a short time, for example, in order to continue working and make some money so that you can replace yours. If this isn’t possible, you could look into the option of using public equipment. For example, if you are a freelance writer and your laptop or PC is out of use, you may be able to take advantage of computers at a public library to continue your trade.
#3. Borrow Money:
Last but not least, there’s always the option of borrowing money to fund your tech purchase. Bad credit instalment loans are a good option for freelancers as your self-employment is unlikely to hold you back and you can repay the loan over time once you have your new equipment and are back on your feet. You can apply for instalment loans for bad credit online and may be able to borrow up to $2,500 subject to status. Alternatively, you could borrow money from family or friends or if you have a long-term client, you could ask them to give you an advance on your next payment, which you’ll be able to complete the work for once your tech has been replaced.
A tech emergency can leave many freelancers stranded when it comes to work. But don’t worry – there are several things you can do to get back on your feet.