I suggest setting aside 30-60 minutes the night before a new “month” starts to write out both of your biweekly budgets. Even if it’s not an exact number, it’s better than using no data to begin your biweekly budget. Budgeting based off of your average income amount gives you a starting point so that you’re not just pulling numbers out of thin air. This is what you can expect in your monthly income. How do you find out what your average income amount is? Take your income for the last 6 months and divide it by 6. If you’re not sure what you’re going to be paid every 2 weeks, use what you have and start from there.Īlternatively, if you are on a fluctuating or inconsistent income, budget based off of your average income amount. It also works for those paid on commission or in the gig economy. This system works particularly well for people who are paid biweekly.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |