The Working Blog
Working Tips, Working Chronicles, Working Confidence
Money Matters: What I did to help secure a lease agreement with independent income sources!8/6/2019 I recently had to show proof of income over a 60 day period to win over in a leasing agreement. Thankfully, I had already put into practice using a free/low cost web based income tracking tool to track my income and keep track of all my spending!
For people that work remote, or have a combination of remote, side gigs and traditional work (like me), your remote work, if and when it fluctuates can make tracking and reporting a little intimidating. It doesn’t have to be this way! Below I will share how you can make the most of your tracking and use it to help you present your income (whatever the amount you make) with confidence. First, I’d like to commend those who have and have made remote working, starting a business or any side gig work for you. I don’t care if you made $5.00. If it paid a bill, put gas in your car, put some food on the table or, allowed you to splurge on yourself. It is to be recognized and applauded. YOU created something and you received income from it. We don’t celebrate our wins enough. For anyone that is creative in any way (and it includes anyone who has found a way to create any kind of income for themselves), it is key to take time to appreciate yourself and your efforts. Do not compare the amount you make with anyone else who is doing similar things as you and do not beat yourself up if and when a deal falls through or the amount isn’t quite what you expected, desired or planned for. When we do this, we devalue ourselves and our money making potential. You can come back to strategy and what could be better later! Right now, just be thankful for whatever the amount is. Now, take time to develop the habit of tracking all of your income and sources. If you receive income via direct deposit, cash and/or any other web based transaction tool (which many of us do) it is a good idea to look for a tracking tool that will allow you to track these income sources separately (for example: cash transactions, bank transactions, web based transactions etc.) By the way, this does not mean you have to link bank accounts to do this. Just think of it as a backup to all your efforts, like using a paper transaction ledger but electronically.
To make the most of this discipline for times where you will need to give income statements, I suggest that after you have input your earnings, kept track and printed out your proof of income (using any reporting feature, stubs and/or web based income references), to create and provide a cover sheet or summary of your income for the month’s required (depending on what you are needing the income verification for). This way, the person verifying can have a full “at a glance” view of your income. Of course, they will verify with any statements and/or stubs your provide but this summary cover sheet will show them your organization skills and that you are invested in what you do, no matter how you do it! If you would like to explore this more for yourself personally or even with your start-up or side business or looking for a virtual admin to assist you with a project, you can contact me!
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AuthorNherie is a creative freelancer who enjoys creativity, teaching & writing about best administrative or business practices and virtual assisting. Archives
January 2022
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