What to Do When Your salary varies from month to month?

How can you decide the amount you have for bills and expenses when your paycheck varies from month to month? That is a question that many people face.

Some occupations or jobs that could fall into this category are waitresses or waiters working for daily wages, also truck drivers are paid by the mile and never know how many miles they will travel, etc..

Trying to manage your finances on a fixed income is difficult enough, but when you never know the salary that you will have it seems almost impossible, but it is not.

The first step you should take is to find the settlement of his salary for the previous months, and better if you have a history that dates back to at least 6 months.

Take these settlements and the total of the amounts paid during that period and then divide by the number of months you have a sale. This will give you your average monthly income.

If you do not have any of their previous wage settlement may have to go with your employer for information. If there is no way to obtain this information, then you should start a log of how much they pay and use this to develop your budget.

This is where it gets tricky. There's always going to have the amount you have budgeted. And you have to do is the following:

Has determined that your monthly budget is $ 2000 dollars per month;

Suppose you earn $ in January 2500. Then you need to keep $ 500 of that money, so you can compensate for any month your income is below $ 2000.

This sounds like a simple solution to a complex problem, but may not be as easy as it sounds if you are used to save money. It will take some discipline to ensure that the money is there when you need it.

If you can make extra money at a distance and takes several months doing this, then could end up with a savings account of a considerable size.

When preparing your budget make sure you do not underestimate your bills and expenses. This is one of the main reasons why many fail budgets.



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