Here's how you can efficiently handle your finances as a temporary and contract video production worker.

Income predictability is a myth in video production, especially for freelancers. Instead of focusing solely on budgeting, consider diversifying your income streams, take on varied projects, offer workshops and create new services. Also, invest time in building relationships with clients to secure more consistent work. Take every gig as a chance to expand not just your portfolio but your network and capabilities.

It's shocking to a lot of people how much extra you pay, when you're reacting to expenses versus anticipating/preparing for them. Before I did commercial work I shot weddings for years, it was seasonal and very much like the saying its either feast or famine. Not knowing what 2 months or even next month looks like financially is tough. I got used to saying yes even if it risked overbooking and burning myself out. A few years in it did become more predictable, I could forecast roughly my shortfall in winter months, and could better prepare during the busy season. Making lots of friends with colleagues, shooters from other studios and even wedding planners helped get a stready stream of referrals also.

Efficiently managing finances as a temporary and contract video production worker is difficult, but not impossible. According to my short but valid experience, it is essential to be aware of how important it is to start saving little by little and from the beginning. And I say that it is essential, because in the audiovisual sector there are always times of lower workflow and that can save your month. But, in my opinion, the most important thing is to consciously budget your work and study the competition's prices, to have a defined red line of what work to deny if they value your work little, economically speaking.

Early in my career, having three to six months' worth of expenses set aside allowed me to focus on my work, not my next paycheck. Knowing I had a financial cushion meant I could take more risks and wait for the right projects. Beyond that, smart investments helped my savings grow, giving me even more security. This peace of mind and financial growth lets you produce your best work and invest in your future.

Prevention is better than cure, especially with finances. Avoiding debt from the start is key. Live within your means and only invest in essential gear that adds value to your work. Save a portion of every paycheck, no matter how small, to build a cushion. This way, you won’t need to rely on high-interest credit when unexpected expenses arise. Stay disciplined, and your financial and mental health will thank you.