How To Budget Your Money (Like A Boss) When You Have An Irregular Income in 2023

Managing your finances and trying to budget an irregular income can be difficult when you have an unpredictable money flow.

Good Debt vs Bad Debt

Whether you’re a freelancer, an entrepreneur, or an independent contractor with variable income, budgeting for irregular income can be challenging.

Good Debt vs Bad Debt

Although you don’t have a steady income, you can always predict your expenses. Therefore, it’s essential to budget for irregular income by knowing how much you spend each month.

Know How Much You’re Spending

The first step is to calculate your monthly fixed costs. Reviewing your bank account and credit card statements from the previous three to six months is essential to get a comprehensive view of your fixed monthly expenses.

Fixed Expenses

These expenses are discretionary purchases that fluctuate monthly, making it hard to predict your monthly spending.

Variable Expenses

If you’re not confident that your irregular income will cover your monthly expenses, prioritize regular bills over your variable or “want” expenses.

Prioritize Your Regular Bills

Zero-based budgeting is vital to sound financial management, but planning for lean months and good ones are imperative.

Draw a Zero-Based Monthly Budget


Check out how we save over $31,000 in a year for free straight to your inbox!

Best Stay Home Date Night Ideas