Being an IT freelancer isn’t just about flexibility and independence — it’s a lifestyle full of opportunities and freedom. But how can you enjoy a well-deserved vacation without worrying about your income? We’ve put together some experiences of our contractors on how to smartly plan time off as an IT freelancer, spread out your energy and finances throughout the year and find clients who will not cause you to burn out by working nonstop.
This spring, we asked people on LinkedIn how freelancers see the Easter holidays. Do they feel relieved to have some time off, or are they stressed out on every day they can’t earn a living? The varied responses revealed that while some ‘work because man-days don’t wait’ (28%), others allow themselves to turn off their computer because they ‘don’t mind not issuing invoices’ (41%). How can freelancers make sure they always feel balanced?
The dilemma of an IT freelancer
Anyone who works as a freelancer will confirm that deciding between work and vacation is a real pain. On the one hand, there is the tempting idea of endless freedom, but on the other is the harsh reality that if you don’t work, you won’t make money. Constant work with no breaks can lead to burnout and health problems. So how can you find the right balance?
A strategy for effectively planning your vacation
Planning is the key to success. Freelancers need a plan just like full-time employees. But they don’t just need to plan their work, they also have to think about their rest. How can this be done?
Seasonal fluctuations in work. Take note of periods when there is less work. This may be the summer vacation or Christmas holidays. Plan your free time for these periods when you will have less work anyway. The projects for which TITANS outsources freelancers last for months or years on average, and this allows you to plan your time comfortably in advance during the year.
Financial reserves. Create a financial cushion to cover periods with no income. If you set aside a portion of your earnings each month, you’ll soon have enough in reserve to enjoy a stress-free vacation.
Financial planning for a freelance life
In freelancing, just as in full-time employment, we can’t do without discipline — not only at work, but also in managing money.
Create a budget. Monitor your income and expenses. Keep track of how much you earn and how much you spend. This will help you plan better and create reserves.
Invest in the future. Savings and investments are the key to financial stability. Even small amounts saved regularly can ensure a peaceful future.
Don’t forget about insurance. Health and life insurance can help you sleep better. You never know what may happen.
Finding the right clients
Finding clients who will give you space to regain your strength is every freelancer’s dream. And it’s not impossible, because companies are beginning to realize that a rested worker is more productive and satisfied, and they invest in rest for their external employees as well. What they get in return is the quality work of a well-rested professional. It’s a win-win situation. At TITANS, we help our contractors negotiate the most favourable terms with clients, not only financially, but also in terms of work-life balance.
Practical tips for planning your vacation
Communication with clients. Don’t be afraid to openly communicate your needs for a vacation to your clients. Most of them will understand and appreciate your honesty.
Delegating work. If possible, delegate work to your colleagues or partners. Technology and time management tools can be a great help with this.
Setting automatic replies. Set up automatic email replies while you’re away and inform your clients of your vacation well in advance.
A vacation is essential for everyone’s long-term productivity and health. IT freelancers are sometimes under the mistaken impression that they don’t need time off and they can afford to work nonstop. This happens to both junior and senior specialists.
TITANS helps IT specialists find companies that offer work-life balance support and ensure better working conditions. Plan, save and don’t be afraid to rest. Your body and mind will thank you for it. If you’re looking for clients who value your time and health, we’re here for you. We can help you find the best people to work with to help you be both productive and rested at the same time, not just in the summer.
