Comments on: 10 Steps to Budgeting with Irregular Income http://achingdebts.com/10-steps-to-budgeting-with-irregular-income/ Survive the Tough Times, Get Out of Debt and Save Money Sat, 13 Mar 2010 00:25:28 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: TheCreditToolBox.com » Blog Archive » Credit Around The Blogosphere http://achingdebts.com/10-steps-to-budgeting-with-irregular-income/comment-page-1/#comment-2721 TheCreditToolBox.com » Blog Archive » Credit Around The Blogosphere Sat, 22 Nov 2008 11:40:14 +0000 http://achingdebts.com/?p=259#comment-2721 [...] Oh My Aching Debts presents 10 Steps to Budgeting with Irregular Income. [...] [...] Oh My Aching Debts presents 10 Steps to Budgeting with Irregular Income. [...]

]]> By: Miranda http://achingdebts.com/10-steps-to-budgeting-with-irregular-income/comment-page-1/#comment-2510 Miranda Wed, 12 Nov 2008 21:02:00 +0000 http://achingdebts.com/?p=259#comment-2510 Great ideas here! I especially like the priority point. We have a couple of bits of income that we can count on (my husband's research stipend and one of my gigs), but the rest is up in the air. So we prioritize and set aside money for what we need first, at the beginning of the month. Then we can pay for wants later on as the rest of the income comes in. Great ideas here! I especially like the priority point. We have a couple of bits of income that we can count on (my husband’s research stipend and one of my gigs), but the rest is up in the air. So we prioritize and set aside money for what we need first, at the beginning of the month. Then we can pay for wants later on as the rest of the income comes in.

]]> By: Focus On Finances: Keeping It Simple | Oh My Aching Debts http://achingdebts.com/10-steps-to-budgeting-with-irregular-income/comment-page-1/#comment-2500 Focus On Finances: Keeping It Simple | Oh My Aching Debts Wed, 12 Nov 2008 14:27:12 +0000 http://achingdebts.com/?p=259#comment-2500 [...] on November 12, 2008Filed Under Spending, budget, plan | Yesterday a reader commented on my post 10 Steps to Budgeting with Irregular Income and it reminded me of the most important step to begin a budget or spending plan. Denise from Plain [...] [...] on November 12, 2008Filed Under Spending, budget, plan | Yesterday a reader commented on my post 10 Steps to Budgeting with Irregular Income and it reminded me of the most important step to begin a budget or spending plan. Denise from Plain [...]

]]> By: Denise http://achingdebts.com/10-steps-to-budgeting-with-irregular-income/comment-page-1/#comment-2498 Denise Wed, 12 Nov 2008 14:12:22 +0000 http://achingdebts.com/?p=259#comment-2498 For awhile we had times with very low income also. The only suggestions I have for those times (beside being incredibly frugal) are to make sure you have padding left from the higher income times and to possibly find ways to earn more money. When DH has a good week/month with his business, most of the extra money is put aside and simply not spent. If we do this consistently when the slower times come we have enough saved to get us through those times. For awhile we had times with very low income also. The only suggestions I have for those times (beside being incredibly frugal) are to make sure you have padding left from the higher income times and to possibly find ways to earn more money.

When DH has a good week/month with his business, most of the extra money is put aside and simply not spent. If we do this consistently when the slower times come we have enough saved to get us through those times.

]]> By: cindys http://achingdebts.com/10-steps-to-budgeting-with-irregular-income/comment-page-1/#comment-2494 cindys Wed, 12 Nov 2008 00:55:16 +0000 http://achingdebts.com/?p=259#comment-2494 Marci, that would work too. I just don't know how I can whittle my living expenses down any further but then I have a couple of months with really low income and a couple with high income. The rest fall into the average range and I can live on that if I plan for the short months. Marci, that would work too. I just don’t know how I can whittle my living expenses down any further but then I have a couple of months with really low income and a couple with high income. The rest fall into the average range and I can live on that if I plan for the short months.

]]> By: marci http://achingdebts.com/10-steps-to-budgeting-with-irregular-income/comment-page-1/#comment-2493 marci Wed, 12 Nov 2008 00:51:30 +0000 http://achingdebts.com/?p=259#comment-2493 For me, the secret was learning to live year round on the lowest monthly income. It took a lot of chipping away to get all the expenses down to fit into the lowest monthly income, but once done, the rest fell into place. Then put the whole paycheck into savings, and only write out into checking the amount needed for that lowest month. It's totally no frills, but the savings does pile up! For me, the secret was learning to live year round on the lowest monthly income. It took a lot of chipping away to get all the expenses down to fit into the lowest monthly income, but once done, the rest fell into place.

Then put the whole paycheck into savings, and only write out into checking the amount needed for that lowest month. It’s totally no frills, but the savings does pile up!

]]> By: cindys http://achingdebts.com/10-steps-to-budgeting-with-irregular-income/comment-page-1/#comment-2492 cindys Wed, 12 Nov 2008 00:42:03 +0000 http://achingdebts.com/?p=259#comment-2492 Denise, I also used the envelope system. You are right it is very simple to do. Where it didn't work for me was the months when I did not have enough income to cover my basic living expxenses. I have found that I have to plan in advance to cover those months. It really helped me to plan and save ahead for the months where I would fall short. Denise, I also used the envelope system. You are right it is very simple to do. Where it didn’t work for me was the months when I did not have enough income to cover my basic living expxenses. I have found that I have to plan in advance to cover those months. It really helped me to plan and save ahead for the months where I would fall short.

]]> By: Denise http://achingdebts.com/10-steps-to-budgeting-with-irregular-income/comment-page-1/#comment-2491 Denise Wed, 12 Nov 2008 00:16:48 +0000 http://achingdebts.com/?p=259#comment-2491 I work retail and my husband owns a small business and we both have very irregular income. Budgeting used to be a nightmare but we took Dave Ramsey's advice and that saved our rears. We basically spend every penny (on paper) before we get it. We didn't do all the steps you mention in this entry and our system is very simple. We use the envelope system for both personal and business expenses and as cash comes in some is put in the bank and some is put in the envelopes. A priority is getting cash in the envelope for each bill. Checks are deposited in the bank and as a bill comes due, the money for that bill is put in the bank and the bill is paid. It's a simplistic way to do things but it works for us. For over a year, the bills have been paid on time and we have money saved. Pretty neat, huh? :) I work retail and my husband owns a small business and we both have very irregular income. Budgeting used to be a nightmare but we took Dave Ramsey’s advice and that saved our rears. We basically spend every penny (on paper) before we get it. We didn’t do all the steps you mention in this entry and our system is very simple.

We use the envelope system for both personal and business expenses and as cash comes in some is put in the bank and some is put in the envelopes. A priority is getting cash in the envelope for each bill. Checks are deposited in the bank and as a bill comes due, the money for that bill is put in the bank and the bill is paid. It’s a simplistic way to do things but it works for us. For over a year, the bills have been paid on time and we have money saved. Pretty neat, huh? :)

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