Monday, November 7, 2011

How do I budget if I don't have a regular income?

In my opinion it's almost as easy to budget with an irregular income as it is with a consistent income. The only thing you do is list your bills from most important to least. Your four walls are always the most important bills. Housing, food, electric, water, gas for your cars are considered your four walls. Then you list everything else. insurance, cable, haircuts, internet, phone, cell, etc are down the list. Then you put your total income brought in and just begin subtracting out the most important bills first. When you run out of money you simply have to make contact with the other companies to let them know they will be paid later or make a payment plan with them.


 I have had to budget this way my entire marriage. We've never had a set income. Once you get used to it, it really is no big deal. It's better to budget and know where your money goes than it is to look in the rear view mirror and wonder where your money went (like our government)! That's my budgeting tip for the day! Do you budget? How do you budget? What other things are you able to include in your budget?