![]() ![]() That way, if a client is late making a payment or a commission check gets delayed, you’ll still be able to pay your bills. If you get paid irregularly, one way to streamline your budget and manage your bills is to live on last month’s income. While that can make it difficult to predict when you’ll get paid and challenging to plan for monthly expenses, it doesn’t make it impossible. Instead, they get commission after a sale, or they get paid after finishing a project. Some people don’t receive paychecks regularly. If you get paid twice a month, you can dedicate your first paycheck to bills that are due early and the second paycheck to bills due later in the month. If you get paid once a month, you need to make that money stretch from day one up until day 30. ![]() If you get paid monthly, biweekly or weekly, that will influence how you pay your bills and the schedule you follow. The third step when putting together a spending plan is to understand how much money you have coming in monthly and when you get paid. You can adjust it as needed based on your needs and spending during a given month. One option is to look at your spending from past months and figure out the average amount you spent in each category. Since variable expenses can fluctuate from month to month, it can be tricky to figure out how much money to set aside for each.
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