Understanding Your Expenses

As a busy freelancer, managing your expenses is crucial to maintaining a sustainable business. When it comes to WordPress, there are several costs you should consider:

  • RSS Feed Management Subscription (optional): $5-$10/month
  • Theme and Plugin Upgrades: 20-50% of total budget allocation annually

Categorizing Expenses for Small Teams

For small teams, it’s essential to categorize your expenses into three main categories:

  • Development Costs (designing, coding): 40-60% of total budget allocation annually
  • Marketing and Promotion: 10-20% of total budget allocation annually

Lee Haywood from Wollaton, Nottingham, England / CC BY-SA 2.0 via Wikimedia Commons