Ask What is the most common financial mistake new freelancers make, and how is it avoided?

[Brendan]

When people start working for themselves, they often focus only on getting the job done and forget to manage their money properly. Many beginners end up spending all their earnings immediately without thinking about future expenses or business costs that might come up later. This lack of planning can lead to serious money problems after just a few months of working. What is the most common financial mistake new freelancers make, and how is it avoided?