Variable Income: How to Plan Your Future | Guiding You Forward
During uncertain economic times, financial planning can provide a great safety net. Watch this podcast episode for simple tips to get prepared.
You’ve probably heard about basic budgeting principles—but what’s the best way to apply these principles to your own finances? Scott Sherman, financial education manager at Mountain America Credit Union, shares his knowledge about how to budget to fit your life situation. Whether you own a business, live on a variable income, have a family or are looking to save for a big purchase, Scott shares tips to handle your money like a pro.
Watch the video and learn:
- Tips for destressing your finances.
- How thinking about budgeting in a positive way can help you manage a variable income.
- About wealth-building activities and how they can impact your future.
For many people, talking about money can be overwhelming. It doesn’t have to be! Scott walks us through some tips to take the stress out of money. Getting on the same page about when to talk about money with your significant other and how often you should talk about it is a great place to start. Scott explains how to have those necessary discussions—without the pressure.
Don’t like budgeting? Then don’t call it that. Whether you call it your super-awesome life plan or your financial goals, simply changing the name and putting a positive spin on your budget can be helpful. Scott explains how this shift in mindset can make all the difference.
If you get a bonus or earn a little extra on a paycheck, you’re already ahead of the game. But what’s the best way to handle this bonus money when you have a variable income? Scott discusses his advice for wealth building activities—which can be better for your financial future—rather than spending the extra money right away on something you want.
Check out the podcast video above for more tips to make budgeting on a variable income a little easier.
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