Comments on: Tips For Budgeting When You Are Self-Employed.

By: Free Stock Trades, Bonus Money, and Discounts

Free Stock Trades, Bonus Money, and Discounts — Tue, 09 Feb 2010 20:14:27 +0000

[...] Tips For Budgeting When You Are Self-Employed. Tips for setting a budget on irregular income. [...]

By: Andee Sellman, One Sherpa

Andee Sellman, One Sherpa — Sun, 01 Nov 2009 05:47:24 +0000

This is great advice David.
When our cashflows are inconsistent we can take adhoc anmounts form the business and wonder why we feel under pressure all the time personally. Using your method (which I also do myself) you learn to live on a regular amount of money and can at least keep your personal life in order.

By: Matt

Matt — Fri, 30 Oct 2009 02:30:05 +0000

This is a very relevant post. I am self employed and I know that it can be very tricky to do a financial plan when your income isn’t steady.

There is no magic formula, but you have offered some good advice.

By: scheng1

scheng1 — Wed, 28 Oct 2009 02:09:24 +0000

I have only one bank account, and intend to keep it this way. I track my expenses, investments and earnings through excel spreadsheet.

By: Tips For Budgeting When You Are Self-Employed. | My Two Dollars | Budgeting software live today

Tue, 27 Oct 2009 15:37:24 +0000

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By: Valuable Internet Information » Tips For Budgeting When You Are Self-Employed. | My Two Dollars

Tue, 27 Oct 2009 15:03:49 +0000

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By: Patrick

Patrick — Tue, 27 Oct 2009 11:54:06 +0000

I deposit my business income into a business savings account. I just changed my business entity, so I out myself and my wife on a salary which I pay out of my business account. I charge all business expenses to my Discover Business card, which I pay in full each month. Thankfully my expenses are minimum.

By: Miranda

Miranda — Mon, 26 Oct 2009 15:29:28 +0000

I have a business account that all of my self-employed income goes into initially. Then I move it to a checking account for bills (this includes the automatic withdrawal for the retirement account), and into a savings account for emergencies. Since I have an LLC, moving the money from business checking into personal checking is essential to keep things separated. I always leave enough in the business account to pay for business expenses, though.