competition success magazine In my Budget and Bill Organizer I talk about averaging your expenses like your phone and electric bills that vary from month to month. The same principle can be used to average your income. The first step you need to take is to find records of your pay for as far back as you can. It would be best if you had records going back for at least 6 months. Take these records and total the amounts you were paid for the entire period. Then divide that by the number of months you have records for. This will give you your average monthly income. competition success review If you don't have any record of your previous pay you may need to go to your employer to get the information. If there is no way to get this information you should start a log of how much you get paid and use this to develop your budget. Once you have determined your average monthly income you will need to develop your budget just as if this was your regular pay. Here's where it gets tricky. You aren't always going make the amount you have budgeted. The only way to handle this is to save when you make more than what you have budgeted competition success.
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