February 6, 2014

Inconsistent Budgets

There have been times in my life where my paychecks were really inconsistent. All through college and even after then. For a short time I was an Agency Nurse. This was basically a substitute teacher for nurses. I made a little more than average, but I wasn't guaranteed a schedule. Therefore, bimonthly income was different every time. I know there are a lot of different people from all walks of life with inconsistent incomes and I thought I would share a bit on how I organized myself.

First off I had monthly files and filed every bill into the appropriate month. I would then use excel to figure how much needed to be spent on necessities (bills and food and such) and minus that off of MY WORST month. Sometimes it got pretty hairy, but you just have to know you will have better months and you can use those funds to help with not so great months.

Personally finding ways to cut some corners can be done. My two biggest corners I have cut have been cutting cable and price matching my groceries. If any of you are interested in price matching Out of Milk is a great app.

I never was consistent enough to plan a whole year and then guesstamate for the next year, but if you keep the same inconsistent job for a while, you can pretty much turn inconsistency to consistency!

I think I will top off my night with a 5 dollar bottle of wine. Maybe just one glass...it is a school work night after all!

7 comments:

  1. Even with a hospital nursing job, it feels like Angel's paycheck varies a lot! With weekend or holiday or overtime pay or extra classes he's taking at the hospital. I think you have the right system--just plan according to the lowest amount, and then the extra is a bonus!!

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  2. We cut cable last month. When you think about how much freaking money you're forking over, it's really a no brainer.

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  3. I love this post!! It's so tough to balence everything when you don't know exactly how much you will bring in.

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  4. We go through this all the time with my jobs. We also aren't fully jointed with everything yet and I track all my reciepts, Keith does not. This is hard to get him to save them, to tell me what he spends at the beer for soccer games, etc. As soon as I can get him on board with that, we'll have a better idea with budgets.

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  5. I was contingent for my first few months at the hospital and it was rough. I always managed to get the hours I needed... usually MORE than I needed - but not knowing is very scary!

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  6. I've been working on budgeting with my CONSISTENT budget and that's hard enough! I couldn't even imagine what an inconsistent budget would do to me!

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  7. I agree with Alli above... I just need a budget for my CONSISTENT paycheck! But it's so hard! :(

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