How to budget when your income changes from month to month – Daily Access News
Finance

How to budget when your income changes from month to month

Establish a working system that will help you manage your money

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Budgeting is an important financial tool. It helps you balance how much you spend each month with how much you earn. Using it you can determine how much you can afford to spend each month on a set of regular items.

Stick to your budget and you should come out just fine. But what do you do if your income varies during the year? Perhaps you run a business with an income that changes from month to month. Possibly you receive a commission that varies depending on your sales each month. Another scenario is that you work part-time, receiving different incomes each month.

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