When I decided to leave my job I knew that working for yourself or have an irregular job schedule, budgeting on a variable income can be tough.
So how do you budget when you don’t know how much you’ll be making? While it may seem that budgeting with a variable income is impossible, there are ways to write a budget for your inconcistent income and finally approach your finances successfully.
So maybe your income is not steady and unpredictable, but your expenses are totally predictable. So the best solution is to work not an budget, but on a cash flow plan that consists some moths ahead.
With your expenses being predictable you should be proactive with your spending plan, calculate everything for the following months and set aside money the higher months for the slower months.
Furthermore you can create your baseline budget and you can also call this your bare minimum budget.
Another way is to set priorities Once you create your baseline budget, the next step is to prioritize your expenses in order of importance. This means determining what bills need to be paid first, second, third, etc.
The last way you can ensure that your cash flow will be successful is to create an emergency fund and try use it in future months, that your income declines again or if you have unplanned life circumstances that require you to spend a lot of money at once. This way you can cover your expenses during those months without having to leverage debt.
The total amount of these expenses is the minimum amount of money you’d need to earn each month. This includes necessities like your rent/mortgage, utilities, food, and transportation. This does not include going out to eat, shopping, or entertainment — remember it’s the bare minimum amount of money that you need to get by.
Make sure you plan for the low times get a budget column book so you can keep track of your spending because sometimes it will be busy other times it won’t. Pay what you can in advance a lot of things are cheaper overall to pay for the year rather than monthly.
So by being proactive and plan in advance for your future expenses it’s the most powerful way to face the slow seasons in your business life.

My job as a coach is to hold your clients accountable. If you get discouraged by your lack of progress, I will be there to remind you of the results you want and that you need to do the work to get there.

My programs “Intensive budget framework” and the “90 days Cash flow accountability program ” will provide you the steps to take control of your finances and don’t figure it out by yourself.