Many of us have irregular incomes. If you are self-employed or work on commission or royalties, then planning
your expenses is difficult since you cannot always predict your income. You should still do all the sheets except Sheet 7.
Sheet 5 (Monthly Cash Flow Plan) will tell you what you have to earn monthly to survive or prosper, and those real numbers
are very good for goal setting.
What you must do is take the items on Sheet 5 (Monthly Cash Flow Plan) and prioritize them by importance. I
reapeat: by importance, not urgency. You should ask yourself, "If I only have enough money to pay one thing, what would that
be?" Then ask, "If I only have enough money to pay one more thing, what will that be?" Move this way thorugh the list. Now
be prepared to stand your ground because things have a way of seeming important that are only urgent. Saving should be a high
priority!
The third column, "Cummulative Amount," is the total of all amounts above that item. So, if you get a $2,000
check, you can see how far down your priority list you can go.
|
Item |
Amount |
Cummulative Amount |
|
|
|
|
|
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|
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|
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|
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|
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__________ |
__________ |
|
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__________ |
|
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__________ |
__________ |
|
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|
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__________ |
|
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__________ |
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