The steadiness of a salary or predictable paycheck is nice, but how do you budget with a fluctuating income? I received the question below from a friend of ours awhile back and wanted to share my answers in case anyone else is going through the same scenario. Cathy showed us true Texas hospitality back in August when we spoke at the Texas Style Council. She picked us up from the airport and saved us some buckaroos. Thanks again Cathy! She runs her own social media business, check her out if you are in need of some social awesomeness.
Hello from Austin! I hope you and Kelsey and Rooney are doing well
I really hope you don’t mind me emailing, but since you were the catalyst that got me into budgeting, I wanted to let you know I completed my first month of tracking……. and boy, was it eye opening. I spent the first evening just crying over the fact that I spend so much money on junk. Well I managed to pull myself together and create my first budget. I’ve pulled out cash for food and misc. and set up my spreadsheet so I can track what’s going where. I’m nervous but excited! Oh, and my boyfriend is my accountability partner. He’s been so supportive through this
Quick question though; what do you suggest when it comes to budgeting with a fluctuating income? Since I work for myself, I have a “base” amount I get a month (client contracts that are the same every month) and then 2 clients that pay hourly as well as random consulting jobs. I’m sort of at a loss as to how to budget my extra income.
Thanks again for all your help. I swear, between you and Kelsey’s great marriage advice and your financial planning, The Williams family is quickly becoming my own personal Oprah
Take care and lots of love and blessings to your family!