When your income changes from month to month, budgeting needs a slightly different approach.
Budget on your lowest month
Base your essential spending on your lowest typical income.
Build a buffer
Save extra in good months to cover slow months.
Pay yourself a fixed salary
Keep business income in one account and transfer a set amount to your personal account monthly.
Set aside tax money
If you’re self-employed, put aside money for tax as you earn it.
Prioritise expenses
List expenses in order of importance so you know what to cut in a slow month.
This article is general information, not personal financial advice. Consider speaking with a qualified professional about your situation.
