Digital nomadism is on the rise, as more and more workplaces integrate “work from home” options and as freelancing becomes increasingly popular. For the uninitiated, the best way to think of digital nomadism is that technological devices such as laptops, tablets and smartphones, as well as online working possibilities, have led to people questioning if they really do need to be situated in one area at any one time.
For this reason, those that like to travel, explore, or simply move on from time to time have allowed this portability of their working schedule to follow with them during their very many life adventures. Some people convert camper vans and work online while driving from place to place, others simply enjoy having no fixed abode.
That said, this freedom, while significant, is not freedom from all responsibility. Our excellent guide on planning for your financial future as a digital nomad can help you get to grips with those essential founding elements. From there, you may wish to consider how to manage your accounts more readily and conveniently so that heading from place to place is less inconvenient:
Utilize An Accountant
It’s hard to keep control over your accounts perfectly as a sole trader who lives at home, particularly if you’re managing certain clients, booking outsourced help from time to time, and managing your invoices for several different agencies. This is why using an accountants services well versed in businesses, able to help you manage your tax each year and make recommendations depending on how you’re managing your firm’s accounts will help you more readily streamline the process and remain wise with your money – allowing you more time to separate your professional and personal life.
Protect Your Accounts
It’s important to protect your accounts to the degree that you can. This means adding 2-factor authentication to all of your banking apps, or adding biometric logins to them. Make sure to keep your information backed up digitally in more than one place, and with appropriate locks and the regular changing of passwords. Avoid phishing scams and social engineering by making sure all links are verified before you click them. You may wish to use a challenger bank for virtual card information you can add to mobile pay apps too, just so that in the long run, you can limit how often you give your card info out.
Keep Digital, Backed Up Copies, ID’s & Proof
When you move from place to place, it might be that certain apps flag security issues which may limit your accounts or give you trouble with the fraud department. This is why it’s good to have copies of your ID in your secure cloud storage so you can easily prove who you are and verify purchases. Keep hold of all your information in this cloud, backed up in two places, so that you can be freed of paperwork in the long run. It will help you avoid nasty surprises you may have encountered otherwise.
With this advice, we believe you’ll continue to manage your accounts as a digital nomad, but in the best way this time.