JW’s Financial Coaching Podcast JW’s Financial Coaching Podcast-A show devoted to answering your personal financial questions and covering current events in personal finance. Giving people a new perspective on their money!

March 18, 2012  
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Highlights of today's show:

  • Budgeting on an irregular income can be difficult
  • The key is to prioritize your spending each month on what is important
  • Establish a Hill and Valley fund to get you through the lean months
  • How to budget when getting paid every other week
  • March Madness should not be what you use to describe your finances!

[caption id="" align="alignleft" width="450" caption="Credit: Joseph Sangl"][/caption]

Budgeting on an irregular income can be tough. This goes for anyone who is self-employed or works on commissions. Because it can be difficult a lot of times we give up and do not budget our money, which leads us into problems. To combat that you need to make budgeting a priority even more because of the unpredictable income!

A traditional budget will not typically work with irregular incomes. To help with that I have created the irregular income spreadsheet on our free financial resources page to help out. This budget is much easier for people on an irregular income to use than a traditional budget. Today we walk through how to budget for irregular incomes. In addition, we discuss why it might be wise to establish a hill and valley fund separate from your emergency savings as well as discuss budgeting when you get paid every other week.

With March Madness upon us I encourage you to look at your own finances. If you use March Madness to describe your financial situation then you have a problem that needs to be addressed. If you would like me to help walk with you in this process contact me today. Remember, March Madness should only be used to describe the action on the hard wood and not your personal finances.

You can now find the podcast on Stitcher SmartRadio! Stitcher allows you to listen to your favorite shows directly from your iPhone, Android Phone, Kindle Fire and beyond. So if you have a smart phone and want to stream the podcast from your phone, please download the app from their website.

You can subscribe to future Podcasts either through Feedburner or iTunes. Or you may listen to the podcast on the JW's Financial Coaching Facebook Fan page. In addition if you have enjoyed the show for a while now, please leave a review of the podcast on iTunes. For a step by step video of how that works please watch this video on how to leave a review in iTunes. Big thanks to my friend Glen Steinson for helping me create the video.

If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. Email me at JWFinancialcoaching@gmail.com - Please put “podcast” in the subject line and keep your questions brief so they are readable on air.

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