Budgeting on Inconsistent Income
It’s tough to budget on an inconsistent income. If you’re a freelancer, contractor, or part-time worker, you may understand the difficulties. Actor Joey Lawrence certainly does!
Actor Joey Lawrence and his wife recently filed for bankruptcy – because they have $400,000 of debt!!
At the height of his career, he was making $500,000 a year. But now he makes as much as the average American.
Though his case his exaggerated, this is the struggle many people face when it comes to inconsistent income. Major highs and major lows.
If you have inconsistent income, plan your expenses around your low-income months!
Aim to live beneath your means during the months you make the least amount of money. you’ll have less stress and be able to avoid debt!
But you’ll need a budget to accomplish this. Something this actor didn’t have! You can make one you love at crown.org/money