How can I manage my finances with irregular income?

How can I manage my finances with irregular income?

Managing irregular income can be challenging, but there are strategies you can use. Have you considered creating a budget based on your lowest income month?

No, I haven't thought about that. How would that work?

By budgeting for your lowest month, you ensure that you can cover your essential expenses even during lean times. You can save any extra income for months when you earn more.

That makes sense! What about saving for emergencies?

It's crucial to build an emergency fund. Aim to save at least 3-6 months' worth of expenses. You can start small and gradually increase your savings when you have higher income months.

Thanks! Any tips on tracking my expenses?

You can use budgeting apps or spreadsheets to track your expenses. Categorizing them can help you see where you can cut back if needed.