Posts tagged variable income
Should you use You Need a Budget (YNAB) in your business?

Do you have a business? A side hustle? A freelance gig?

How are you handling your money in your business? And yes, if you have a side hustle or a freelance gig, you have a business.

Ugh, you know what that means. Taxes! Bookkeeping! Headaches!


What if I told you that there was a simple tool that never gets talked about in business-finance-tool roundups, but which does a lot of the most important things those other tools do, is less expensive, easier to use, and which also helps you with really important things you’re not even thinking about (but really should be)?

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You need a budget - How to tell if YNAB is right for you

This was going to be a review of You Need A Budget (YNAB). You know, an unbiased look at the pros and cons of a very popular piece of personal finance software. And while I am going to talk about the pros and cons of YNAB, I can’t bury the lead.

You guys, I love YNAB so much.

I’m a YNAB evangelist and I don’t care who knows it. I can’t pretend to be unbiased about this at all. I’ve been using YNAB for a decade and use it with 100% of my clients. I’ve tried other tools and they just...fall short.

That said, YNAB isn’t for everyone (who said that?? Not me!). Here’s how to tell if it’s right for you.

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How to Budget Like a Boss When You're Self-Employed

You’ve heard about budgeting. When you go down the rabbit hole of the internet trying to figure out how to get a handle on where your money is all going, you keep hearing, “get a budget!” or “try this software!” which, when you have a variable income, is like telling someone with a gushing head wound “have you thought about a bandage?”

 

Not helpful.

What if there was a way to budget your money that worked great for variable incomes?

There is - it’s called zero based budgeting. It’s a different system than what most budgeting systems are, which is why it works so much better for this instance. Whether you’re a freelancer, working a steady job with a side hustle, in a commission based job, or are a business owner - you can budget in a way that actually works.

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