It is convenient and reliable to receive a stable salary at the end and beginning of the month. After all, you can clearly plan your budget and easily "intercept until payday." But if you have chosen an interesting and gambling profession of a freelance artist, there is a danger of being stranded from time to time. If income is not constant, you need to be very careful about personal financial planning.
Instructions
Step 1
Calculate how much money is spent on average for essential needs. These are housing and communication fees, meals and transportation, going to the gym and payments for loans, if any. Periodic meeting with friends in the sauna or going out to nightclubs should not be considered. In tight financial circumstances, entertainment can be avoided.
Step 2
Think back to your lowest monthly income in the past few months. If it is greater than or equal to the amount that you set aside for necessary needs, you can make adjustments in planning expenses, for example, increase the amount for food or sports, buy stocks or open a bank account.
Step 3
Make a mandatory reserve of funds if you have periods when you do not earn anything at all, or earnings are significantly lower than the amount for necessary expenses. Replenish this reserve every time your income allows it. Resist the temptation to buy an expensive item with all the money you earn in the hope that tomorrow's earnings will be as successful as today. There is a danger of being left without any means of subsistence or going into debt. Your reserve should be such an amount that you can survive a couple of months without income, without changing your usual lifestyle.
Step 4
Do not take loans and do not go into debt. It is not for nothing that bank employees refuse loans to people without a permanent source of income. Not everyone can plan their family budget in such a way that, in case of irregular cash receipts, make loan installments on time. And communication with representatives of collection organizations has not yet added optimism to anyone.
Step 5
Turn irregular incomes into recurring incomes. Create a rechargeable bank account from which you are allowed to withdraw money. And then put everything you earn in the bank and withdraw a certain amount once a month. It is calculated simply. Calculate what your average annual income is, divide that number by 12 and subtract 10 percent. The amount received will be your regular salary. For example, if you earn 280,000 rubles a year, then you will withdraw 21,000 per month. And the remaining 10 percent will be your "stash" in case of an emergency.
