In sales or another commission-based job? Here’s how you budget when you can’t plan on a consistent paycheck amount.
One thing I have a hard time about is when not enough comes in. How do you work that into the budget? When you have to dip into savings? We know that winter is slow and have savings built up, but do you just act like the money coming from savings is income?
Michael, you need to save differently. In addition to your normal savings, you need to set some money aside during the months of plenty to save for the lean months. Also, make sure you have a plan during the lean months so you know how much you need to be saving for!
I love this one!!! This is what I need! Thank you!!!
My husband recently lost his job. We can afford to pay necessities but cannot pay our minimum debt payments. We have paid off half of our debt in a year, but now that his income is gone we don’t know what to do with those payments. Any suggestions?
Rachel Cruze, Dave Ramsey’s daughter, grew up learning how money works. She has a heart to empower people to save, give, and live intentionally.