Research by the Resolution Foundation out this month shows that freelancers are now officially earning less than they were 20 years ago.

But are we bothered? Not that much, it seems.

A related survey found that more money is not the be-all and end-all of a freelancer’s world. The vast majority, it found, were more content with their work-life balance.

The survey of more than 500 freelancers and micro-business owners was carried out by FreeAgent, a firm providing cloud accounting software for freelancers and micro-businesses.

It found that a huge 74 per cent of respondents are content with their work life balance.

Said Ed Molyneux, CEO and co-founder of FreeAgent , “Those who decide to go it alone often do so in order to gain a more positive balance between work and their personal life. The majority find they are happier than they were when employed by somebody else.

“That said, with self-employed people earning less than they did twenty years ago, it’s never been more important to streamline processes, work efficiently and reduce admin time.

 “With the right tools in place to help ease the admin burden, freelancers can spend less time on the fiddly parts of running their finances and free up valuable time to concentrate on doing what they love – and invariably making a positive difference to their bottom line in the process.”

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