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5 Tips to Save Money When You Are Self-Employed

Self-employed people might be an ace in their respective fields, but there is one thing even they get stuck with, which is how to save money smartly. The essential factor to save money while self-employed is budgeting your monthly expenses with the varying income every month. As a result, budgeting and financial planning get a little complex and haywire.

Once you decide that you are meant for a home-based business, the next step is to develop a business plan, which defines not just your business and financial goals but also involves expenditures.

Here are 5 smart tips to organize and save money while self-employed.

1. Never underestimate the expenses

The very first aspect to save money while self-employed is to never underestimate your expenses. We all have been through situations where no matter how well we try managing our expenses for a month, somehow an unknown expenditure always crops us.

Hence, it is advised that you always put aside a little more amount of money for the monthly expenses than required. Keeping more money than needed will help you be prepared for sudden expenses, and at the end of the month, you can always transfer the remaining amount, if any, to your savings account.

2. Manage your income

With a budget, self-employed people can manage their varying income flow each month. So, start by determining your average monthly income. Calculating an average income will help you cut down on the not-so-important expenses like dining out and shopping.

If there is a month when you earn higher than average, you can transfer the extra earned amount to your savings account to accommodate the less lucrative months. Knowing your average monthly income helps you do effective financial planning, thereby helping you save money while self-employed.

3. Think in percentages

For uncertain monthly earnings, it is better to calculate expenses and savings in percentage rather than in specific amounts. In other words, instead of putting aside a particular amount for categories like emergency spending, taxes, and retirement, set a percentage of your monthly income for these categories.

Percentages will help you contribute more to the most vital financial goal when there is high-income flow in a month and less when the inflow is less. Design a budget worksheet for all the substantial financial categories to help you understand your priorities and how much would you like to save for each.

4. Keep records

No matter how trivial the amount you have spent is, make sure you keep records of all your expenditures. Keep your paperwork always up to date, including the copies of the receipts for travel, and meals (If you are working as a freelancer for a firm/company).

There are many financial and budgeting apps which can help you record your daily expenses easily and without any extra work. In fact, if using a budgeting app, you might not be required to make a budget worksheet at all.

5. Track expenses

Another essential factor which you should give some consideration is how are you tracking your monthly expenses. Are you entering every expense in an excel sheet or a budget worksheet? Considering that the income in a self-employed business/job fluctuates, it is critical for you to know how and where is your income flowing out.

Tracking expenses will help you cut down on the unnecessary spending, thereby make you analyze and understand the areas where you should spend.

 In conclusion

As we mentioned, by being armed with a budget, self-employed people can have the same financial freedom as they have in their work. With the uncertainty every month, it is imperative and crucial to managing your expenses smartly.

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Why Cloud Hosting Is a Better Option for You

There has been a lot of different opinions when it comes to cloud hosting and traditional hosting. Discover why cloud hosting is a better option for you!

The best way to demonstrate why cloud hosting is a better option for your website, we are going to present you the difference between a cloud hosting and a traditional hosting.

The Difference between Cloud Hosting and Traditional Hosting

This is how cloud hosting differs from the traditional hosting:

    • Resource Limitations: The truth is that traditional hosting limits the number of resources you as a client are allowed to use. The reason for this is because you are limited to one server only. Once you reach the limit of that server, the website’s performance is automatically compromised. This can cause your site to go down and to drive your visitors away. The cloud hosting, on the other hand, doesn’t use a single server. It uses virtual resources in order to meet any need or demands for IT resources. This means that there is no limit on the number of resources you can use. When a server goes down, your website will not be affected as all as the system will pull resources from the other servers.
    • Security Risks: If you want to avoid security risks when using a traditional hosting, getting a dedicating hosting package is highly recommended. When it comes to cloud hosting, using a hybrid cloud computing package is recommendable if you want to get away from the risks associated with security. By using this type of cloud hosting, you’ll be able to give the best protection to your website.

  • Pay Only for What You Use: When using traditional hosting services, you are given a specific number of resources. Even, if you are not able to use all of the resources, you have to pay for them. This is not the case with cloud hosting. With cloud hosting, you only pay for the resources you use. That is why the cloud hosting packages are known as pay-per-use model packages.

There is no doubt that cloud hosting is a better option for you! This type of hosting can be beneficial to businesses of all sizes. However, before choosing a cloud hosting service provider, make sure it is reliable and professional in order to meet your website’s needs and standards. The 5 Fastest Hosting Websites of 2017

Make the right choice – choose cloud hosting!

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What is Cloud Hosting: One of The Fastest-Emerging Technologies

Discover what is cloud hosting, the benefits of using cloud hosting and its applications! Get all information here!

What is Cloud Hosting?

The term cloud hosting refers to a process of operating a certain website on various servers. Cloud hosting is also known as an unlimited processing power as you can always add one more server in order to increase the productivity of the website.

The Benefits of Using Cloud Hosting

There are multiple benefits of using cloud computing hosting. The two of the most important ones are cost-effectiveness and scalability. Scalability means expansion of a certain site with minimum limitations, while cost effective refers to a hosting that cover load balancing efficiently.

Besides cost effectiveness and scalability, cloud hosting can effectively avoid problems such as migration of a website from shared to dedicated server, server crash, and etc.

Another benefit is the API or Application Programming Interface accessibility to software. This feature allows computer devices to interact with cloud computing software.

The cloud hosting services, on the other hand, allow users to enter their systems of every location, hence offering location independence.

The Applications of Cloud Hosting

If you are interested in developing a company but you are concerned about the possible investments related to hardware and software installations – cloud hosting is the solution you need.

As we said, cloud computing hosting brings various advantages through which every individual or business can successfully manage the website’s needs and productivity without spending the whole budget on hardware or software installations.

The cloud hosting processes can be effectively applied for management of available software and commercial network.

Cloud Hosting Services

The cloud hosting is provided by specialized cloud hosting service providers. These providers charge fees based on the quality of the power used including water and electricity bills.

There are hundreds and hundreds of cloud hosting service providers that can be found online. They offer web services such as cloud load balance, server hardware, network equipment, IT support, cloud servers, cloud files, cloud sites, and etc.

A Final Word

Cloud hosting has developed as a productive platform for business websites, blogs, and etc. It has taken the internet world by storm.

If you are interested in using cloud computing hosting, choosing a reliable cloud hosting service is highly recommended. These service providers are committed to accomplishing the maximum client satisfaction and bringing your website to the next level. Why Cloud Hosting Is a Better Option for You

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The 5 Fastest Hosting Websites of 2017

Discover the top 5 fastest hosting websites of 2017. The list is based on speed, price, and downtime!

When choosing a web hosting service provider, the performance is a key factor. If the performance is excellent, it will improve the responsiveness and increase the speed of your website.

That is the reason why so many people decide to switch to a fast hosting service provider as it can give a speed boost to their current website. Dedicated Hosting Service

Besides speed and responsiveness, the performance is also good for search engine optimization or SEO. The search engines prefer websites that load quickly and they automatically rank these websites higher than the websites that load slower.

So, if your website is loading slowly and your web hosting service provider is slowing you down – it is time to switch to a faster one!

Top 5 Fastest Hosting Websites

The top 5 fastest hosting websites of 2017 are:

  1. InMotionHosting – The average speed is 182 ms while the average downtime is 5 min.
  2. A2 Hosting – The average speed is 155 ms while the average downtime is 7 min.
  3. Web Hosting Hub – The average speed is 197 ms while the average downtime is 1 min.
  4. HostGator – The average speed is 188 ms while the average downtime is 6 min.
  5. eHost – The average speed is 197 ms while the average downtime is 2 min.

These results are based on speed, price, and downtime.

    • Price: When choosing a web hosting service provider, the price is also an important factor. It is important to take the price into consideration and check how each of the hosting provider charges. Some of the hosting providers may be faster but they will charge you more for their services. Others hosting providers may be slower but they will charge you less.
    • Downtime: Another important factor to take into consideration is downtime. Even though you are looking for a fast web hosting service provider, you also need a reliable one. The downtime is a little bit complicated to measure as it can be different from one customer to another.

A Final Word

If you are looking for a fast web hosting provider, look no further as these 5 are the fastest ones for 2017. They can provide you with a huge variety of packages suitable for every type of website. What is Cloud Hosting: One of The Fastest-Emerging Technologies

These 5 web hosting providers are recommended for all online professional business who are looking for performance and ultimate reliability!