EP142: 6 Steps to Creating a Budget with Irregular Income

Do you get paid a little differently each month? Maybe you are an entrepreneur, a real estate agent, in sales, or you you're a self-employed independent contractor. If this is you, you need to learn how to budget with irregular income. This week on the show, I am going to walk you through the 6 steps to irregular income budgeting. This is the same system I have used in my own business when setting up a monthly budget based on fluctuating income. Step 1: Find Your 90 Day Average Income Step 2: Determine Your Take-Home Pay Based on Gross Income Step 3: Open Separate Checking Account (Separate Bank) Step 4: Choose Your Paydays Step 5: Enter Monthly Take-Home Pay Into Budget Step 6: Readjust Every Month Based on Last 90 Days Once you've listened to all 6 steps, head on over to https://www.moneypeach.com/session142 to get the free budget templates I mention inside the episode. or you can simply Grab Free Budget Templates Here ** Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review! ** Today's show was brought to you by OneAZ Credit Union — my very own credit union I have been proud a member of since 2011.  If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.