I thought long and hard about getting a second job to get my finances on track, but for much too long my ego stood in my way. But as they say, if nothing changes, then nothing changes.
p>Some tips on expecting unexpected expenses - and why you need a plan for these outside of your emergacy fund.
How to budget for irregular income: Big lump sum income, followed by zero income, is familiar to contractors, freelancers and commissioned salespeople. But even those willing to adhere to a budget struggle with managing their irregular income.
I once racked up an insane amount of debt. To repay that debt, I relied entirely on budgeting. And when I began budgeting, it quickly became an obsession.
My consumer debt totaled $77,000. Interest alone cost $660 per month. I felt fear, shame, frustration, and exhaustion. But in less than two years, with razor focus (and a budget and second job) I paid my debt in full. My goal wasn’t just debt freedom: it was the vision of an incredible life.