In this installment of the podcast series about maximizing your paycheck I am talking about extra income on payday. Overtime, bonuses, and side hustles are a great way to make additional money, but how should you account for this income in your budget?

I want you to be thoughtful, purposeful, and intentional about how you’re paid so you can better manage your money. Properly allocating extra income is crucial to breaking the paycheck-to-paycheck cycle.

The most important thing to remember about extra income is that it is not guaranteed. Bonuses can change, and overtime can be limited, so relying on that money in your budget can throw off your financial plans if you’re not intentional. Learn what money goals to assign to your extra income and why these potential earnings don’t need to be a part of your monthly budget. 

Every dollar you make has a job, so listen to how to make the most of your additional income. Stay tuned for insights on these topics:

Tune into this episode of Money Files to learn how to leverage extra income on your paycheck and why you shouldn’t use it when creating a budget.

Get full show notes and the episode transcript: 

https://wealthovernow.com/optimize-your-earnings-what-to-do-when-you-have-extra-money-in-your-paycheck/

Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

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