How can I effectively manage my variable income?

How can I effectively manage my variable income?

Managing variable income involves budgeting, saving, and planning for fluctuations. Have you set a budget yet?

I haven't set a budget. How do I start?

Start by tracking your income and expenses for a month. Then, categorize your spending and identify areas to cut back.

What if my income varies significantly from month to month?

In that case, consider creating a baseline budget based on your lowest income month, and save any extra income for leaner months.

That sounds helpful! Should I also have an emergency fund?

Absolutely! An emergency fund can provide a safety net during months when your income is lower than expected.