9 Ways to Create a Monthly Budget if You Don’t Have One

2) Manage Fluctuating Income

Some people may not necessarily have the same paycheck from week to week. This can make budgeting a bit of a challenge. If you work for yourself, there are some ways to make a manageable budget. The first thing is to note your average net income. Then make a list of your essential expenses – what you need for recurring bills each month – and compare it to your average net income. Do you keep track of your time? After all, time is money as they say. If you need to increase the amount of work time to adjust for more income, it’s recommended that you plan ahead. This way you won’t fall behind on your basic bills. Once you have your basic bills covered, make a list of things you want – but may not necessarily be essential to have. Keep savings in mind with what you have leftover.