![]() The first step in dealing with irregular income is to create a monthly cash flow plan (I know I am getting into things I have not yet discussed – but bear with me). ![]() If you have consistent income, yay for you! This step is easy. Read: How to Create a New Budget Every Month: A Detailed Step-by-Step Guide.I will explain this a little later in the article! Don’t worry – I’m here to help you with this crucial first step! There is one rule I want you to keep in your head as you read this post – ALWAYS budget for the worst case scenario! It’s ok. Pinpointing your spending is a much harder thing to do. ![]() Well let me be the first one to say, this is the area I struggled with the most. You pay $60 a month for your utilities and $40 a month on your phone bill – sounds like a cinch right? But what happens when you start to track income that is inconsistent?Įxpenses is another topic that can seem pretty elementary. You get paid on the 5th and 20th of the month, and it’s the same amount every paycheck. Knowing your income, in most cases, is pretty easy. However, some find this area challenging. Welcome to the first step in creating a budget! This might seem to be a pretty straightforward topic. ![]()
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