Sofia's Freelance Finances

My name is Sofia, I'm 38 years old, a graphic designer, and I've been freelancing for about 5 years now. Last year, I took a leap of faith and quit my stable job to pursue my passion full-time. Financially, it's been a rollercoaster. Some months I earn upwards of $6,000, but there are also dry spells where I barely scrape together $2,000. On average, I'd say my annual income hovers around $50,000 before taxes. I'm single, which means I'm managing my finances alone, and lately, it's felt more like a tightrope walk than anything else.

The challenge I face isn't just the fluctuating income; it's the debt I've accumulated over the years. I have about $15,000 in credit card debt, a $20,000 loan I took out for a professional development course, and I'm still paying off my $30,000 student loan. My rent, utilities, insurance, and basic living expenses consume most of my earnings, leaving me with little to nothing at the end of the month to chip away at my debt.

I've tried various budgeting methods, from the envelope system to budgeting apps, but the inconsistency of my income makes it hard to stick to a plan. I've even considered going back to a full-time job, but the thought of giving up on my dream is heart-wrenching.

I feel stuck in a cycle of earning and owing, with no clear way out. My stress levels are through the roof, and it's starting to affect my work and personal life. I need a strategy that accounts for my unpredictable income but still allows me to make headway on my debt.