Planning With An Up & Down Income
How to you make financial plans for the future when you don't know what you'll make this year or even this month? Today I share three simple tips that people with up & down incomes can use to build financial stability and plan for the future.
Key Takeaways:
If you know that something will happen – even if that something is unpredictability – you can make a plan for it.
Knowing how much you spend each month is essential to building financial stability.
Keeping a dedicated cash account as an emergency or opportunity fund allows you to face uncertainty with a safety net.
Maintaining more access to credit than you need means you can access money quickly when you need it – and it's good for your credit score!
Links:
Send me a question to be answered on a future episode.
Sign up for the Keep It Easy newsletter.
Sign up for weekly Office Hours.
Key Takeaways:
If you know that something will happen – even if that something is unpredictability – you can make a plan for it.
Knowing how much you spend each month is essential to building financial stability.
Keeping a dedicated cash account as an emergency or opportunity fund allows you to face uncertainty with a safety net.
Maintaining more access to credit than you need means you can access money quickly when you need it – and it's good for your credit score!
Links:
Send me a question to be answered on a future episode.
Sign up for the Keep It Easy newsletter.
Sign up for weekly Office Hours.
