Creating A COMMISSION-BASED Income Budget-That Work!

Living on commission means your income is a rollercoaster, but your bills do not have to be. Taming the unpredictability of a variable income is all about ditching the traditional monthly budget and adopting a strategic, forward thinking system. The key is to stop thinking in terms of monthly paychecks and start building a financial plan that smooths out the peaks and valleys.

Start by calculating your baseline. This is the absolute minimum you need to cover essentials like rent, utilities, and groceries. Then, implement what is known as the Feast or Famine strategy. In high earning months, prioritize paying yourself that baseline salary first. The surplus is not for splurging. It is a strategic reserve for leaner months. Park this extra money in a separate savings account. Consider this your income cushion or paycheck fund. This fund acts as a shock absorber, allowing you to pay yourself a consistent salary even when a commission check is smaller or late. This proactive approach transforms financial stress into empowered control, letting you thrive on commission, not just survive.

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