If you’re self employed, or have more than one job, then you’ll know the headache that is trying to budget with money that comes in at all different times. One of my community members asked if I had any tips on this subject, so I did a bit of investigating.
In this episode I spoke about how to budget with multiple incomes. It comes alongside a blog article I wrote on the same subject!
Having a budget is essential in order to keep your finances in check and avoid overspending, but it is made so much more difficult when you have lots of sources of income – especially if you are self employed!
I will discuss some of the ways that I have found online that you can get around this problem. The bottom line is that you need to find a way that suits you, so look into the options I have suggested and create your own way of budgeting with irregular and multiple incomes!
You might also want to look at the way I budget and understand how multiple incomes fit into this. I use the money-pie method which splits income into 7 distinct areas so that you can save, invest and live a fun life too.
You can check out the series by starting here.
Here’s the video:
Audio Only Version:
Resources mentioned in this video:
You Need A Budget (2 month free trial with this link!):
Squirrel App – bit.ly/SQUIRRELLINK (full disclosure – this app is an affiliate link, however, if you sign up we both get £15!)
YNAB – Budgeting On Multiple Incomes article
Dave Ramsey – How To Budget An Irregular Income
Now over to you…..how do you budget an irregular and multiple income? Do you have any tips you can share? Come on over to my private Facebook group and let us know!
See you next time!
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