23: Budgeting – How to Succeed with Irregular Income

Creatives Do Money
Creatives Do Money
23: Budgeting - How to Succeed with Irregular Income

How can we even handle budgeting amounts of money we can’t predict? What if you don’t bring in enough money in one month to cover your bills? How do you plan for handling excess income responsibly on other months?

These are questions that inevitably come up when we look at neatly presented budgeting and money planning systems. And irregular income may have been the reason we quit trying to use a budget in the past.

Today I’m sharing with you my tried and tested budgeting method for variable income

Have a question you want answered on the podcast? Email Eowyn your Q in text or audio form: hello@plumtreemoney.com I can’t wait to hear from you!How can we even

Free Guide: 3 Simple Steps to Improve Your Finances When Your Money is a Mess

This week on the Creatives Do Money Podcast, Episode #23

What does a budgeting process even look like? How do you make sure you’re doing it right?

I walk you through the basic process you’ll use every time you sit down to plan your money. And address things like:

  • How to stay motivated
  • What system should you use when you budget
  • Why you want to incorporate a calendar element to your budget
  • The best way to organize your expenses

“if things are generally kind of chaotic with your money, and if you have variable income, one of the most effective tools that is there for you is using a budget”

Eowyn Levene, Creatives Do Money Podcast, Episode 23

We’ll also get into some more hardcore budgeting additions you can make to really boost your progress. Then we get to the heart of it:

How to use a budget and succeed when you have irregular and variable income (23:26)

  • the three key elements to make this work
  • one core concept that changes everything when it comes to budgeting variable income
  • how to prepare for a successful budget when you’re self-employed and not sure what your income will be

“don’t pay too much attention to dollar specific or percentage specific advice”

Eowyn Levene, Creatives Do Money Podcast, Episode 23

My take on what common budgeting advice to just avoid

  • The percentages that won’t help you in the long run
  • A common structure for saving and debt payoff planning that just doesn’t work with irregular income
  • Taking your age and life circumstances into account

Resources / Links

Connect with me further

Instagram @plumtreemoney

Please share, subscribe, and review

Thank you for listening to this episode of Creatives Do Money Podcast!! If you enjoyed this episode or know someone working to get better with money on a creative’s variable income, please share, subscribe and review on Apple Podcasts or Google Play Music so more folks can find the show and enjoy it too.

Creatives Do Money Together 

Money work can take grit, and we’re in it for the long haul. Join us in the Plum Tree Community for companionship, accountability, and education around personal finance as a self-employed creative.  

Theme Music and Podcast Production

Michael Atkinson:  www.michael-p-atkinson.com

Download a Transcript of the Episode


On the Creatives Do Money podcast, we talk a lot about money, but I am not a financial advisor or expert, and am not offering financial advice.  I share from my own personal experience, and that of my clients and community.  All content shared on this podcast is provided for entertainment, education, and information purposes only, and the podcast is intended as a self-help tool.  

For my full disclaimer covering all content on this website, and the podcast, please read here.  

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