Ensign Mar 2007: Random Sampler

Posted on March 26, 2007
Filed Under Ensign

One of the hardest things my husband and I have encountered while being self-employed is maintaining a budget. With a fluctuating income, it can be a challenge to plan for expenses. For us, the key to successful budgeting is creating a “steady income.” We do that by depositing all net income into one account and paying ourselves a monthly household salary, a median of the highs and lows. In other words, even when the previous month’s income was high, we maintain an average income, thus leaving enough to cover the low-income months as well.

Ensign Mar 2007: Random Sampler