A Good Solution For Budgeting On An Irregular Income
Tuesday, June 3, 2008 at 11:53AM No doubt about it, with the rising price of food and gas, we've got to watch every little penny these days.
It can be especially different to make a spending plan when your income is not regular. I recently read a great solution for this dilemma and I wanted to share it with you. This is a blog I'll be reading again and again!
http://www.personalfinancehacks.com/2008/05/26/budgeting-on-an-irregular-income/
I should mention, however, that there is one *challenge* to applying this solution -- you have to have some savings to "stash away" first. If you don't happen to have that at the moment, then I recommend the cash flow system that is described in the ebook "The B-Word." It is also very helpful when trying to manage on an irreguar income. You can find it here: http://www.solutionsforbusymoms.com/thebword
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Reader Comments (1)
Actually, you wouldn't have to start out with the full "buffer" amount referred to in the article. Even a $500 "buffer" is fine if you maintain it and don't let it slip away from you. You can always build up the amount over time.