I tried searching NJFM for the term “rainy day” and realized the only place the term showed up was on page 15 in my ebook “So You Want to Become a Freelance Writer.”
Since I didn’t write about it here on NJFM I feel I need to talk about it now.
Writing and Rain
If you are a freelance writer, it will rain on you. You will have days or even seasons of rain. We were all rained upon when Panda reigned upon us (sorry, I couldn’t resist). And just when the sky started to clear up, we had to weather yet another rainstorm (Panda 2.5).
There are large rainstorms like Panda and small individual rain showers. I’ll consider the Google AdSense glitch an individual rain shower. It only affected a small number of their publishers. I happen to be one of the fortunate ones to enjoy just a bit more of their rain/reign.
Preparing for a Rainy Day
I’ve mentioned before here on NJFM that I write not only because I enjoy it, but also because I need the money. Not to drag up old history, but we created a financial situation where earning money is not an option. It’s a must.
Even though our financial situation was less than optimal and more times than not we had more month than money, we learned to squirrel a little away for a rainy day. We realized that a large part of our financial mismanagement was due to the lack of planning. We didn’t want to fall into that trap again.
If you don’t have enough money each month to pay all of your bills, will it make a huge difference in your monthly economic situation if you put a small portion of what you earn into a savings account? Let’s say you earn $500 a month and your monthly bills are $600 a month. You’re operating at a deficit. You’re taking from Peter to pay Paul until both of them have empty pockets.
Would it make a big difference if you took $10 and put it away each month? Instead of having a $100 shortfall, you now have $110. While you continue your efforts to increase your income to meet your bills, you faithfully put $10 a month away. Eventually, you’ll become so accustomed to savings that you won’t even miss the $10.
If you’re faithful, your rainy day fund will grow. Never touch it unless there is a bona fide need (no, buying a new iPod is not a bona fide need). Because we adapted this philosophy quite some time ago, we are able to weather the recent Google AdSense rain shower.
Remaining Calm During the Storm
My daughter, upon hearing of the glitch and seeing the amount of money held in limbo, was incensed. She shouted the teenaged battle cry, “That’s not fair!”
I agreed that it wasn’t fair. I also explained there was very little I could do to straighten the situation out.
She then went on and on about the fact that it’s November and Thanksgiving is around the corner and a host of other inconveniences that could occur. I stopped her before she got herself too worked up.
I explained that although there was nothing I could do about the Google situation, she could rest assured that I’m insulating myself so that if this happens next year in November, we would barely notice it (I wasn’t worried because our rainy day fund could handle this particular shower).
Since I truly had her attention, I was able to share with her an overview of some of my brainstorming ideas. It calmed her to know that I was thinking proactively. She caught a glimpse of the future and liked it.
Just Do It
Even if you start your rainy day fund by putting pennies away each month, establish the habit. Rainy days are a part of freelance writing, so start preparing for them.
Just a side note: On the Google AdSense forum in which affected AdSense publishers were sharing horror stories of how the glitch is affecting them, I couldn’t help but feel their pain.
There are some publishers that rely on their AdSense earnings to pay their mortgage (as do I). Unfortunately, when the AdSense check didn’t show up, many of them didn’t have a backup plan. In other words, they couldn’t make this month’s mortgage payment. You don’t want that to happen to you. Start your fund today.