How to Budget With Irregular Income Without the Feast-or-Famine Cycle | 625

Curious? Take The Free Money Stress Quiz! Ready? Buy Our Simplified Budget System Now! Budget besties, what happens when your income changes every month? Maybe your spouse works in sales. Maybe you’re an entrepreneur. Maybe commissions and bonuses mean one month feels amazing…and the next month has you wondering how you’re supposed to make a consistent budget when your paycheck is anything but consistent. In this episode, we’re breaking down exactly how to create consistency even when your income fluctuates. The goal is to build your regular monthly budget around a realistic bare-bones income number—the amount you can reasonably count on even during a lower-income month. From there, we want your bills, minimum debt payments, groceries, gas, and everyday spending covered first. And when those bigger commission checks or bonuses hit? That extra money gets a job, too. We’re talking about using higher-income months to fund savings buckets, prepare for future expenses, make progress on debt, and—when your income swings dramatically—build an income holding account that can help smooth out those lower months. We’re also answering another question we hear all the time: “How am I supposed to budget for groceries and gas when those numbers are different every month?” This is where your 90-day audit comes in. Looking back at approximately three normal months of spending can help you figure out what your real-life averages actually are. Then you can create a consistent spending rhythm instead of letting your lifestyle expand and contract every time your income changes. We also get into savings buckets and why you probably won’t get every single one right the first time. Christmas, back-to-school expenses, homecoming, travel, annual bills, kids’ activities…sometimes you don’t know what something costs until you live through it. That’s okay. Your first year of budgeting gives you information that makes next year easier. Even having half of an expense saved ahead of time means that’s half you don’t have to suddenly find in your monthly budget. Let’s Take Our Relationship To The Next Level: 1️⃣ Facebook Group ➡︎http://budgetbesties.com/facebookbudgetbesties.com/facebook 2️⃣ Be on the Podcast ➡︎http://budgetbesties.com/livecallbudgetbesties.com/livecall 3️⃣ Private 1-on-1 Coaching. ➡︎http://budgetbesties.com/coachingbudgetbesties.com/coaching This podcast is for educational and informational purposes only and is not personal financial, legal, or tax advice. This description may contain affiliate links, meaning we may get a commission at no cost to you if you click & purchase. Click here to view our privacy policy.