Personal Finance Expert Casey Bond Explains How to Make a Budget When Income Varies Month to Month

In an ongoing Q&A series on, expert Casey Bond answers personal finance questions from readers to help them better their financial outlook. In the most recent installment she gives advice on a topic that seasonal workers like teachers, freelancers and independent contractors can all relate to: “How can you budget if your pay fluctuates from pay period to pay period?”

EL SEGUNDO, CA (April 5, 2013) – Seeking the advice and knowledge of a professional helps Americans make the right choices to pull themselves out of a financial rut.  GoBankingRates’ new Q&A series allows readers to gain perspective into their most troubling financial questions.  Personal finance expert, Casey Bond, share her expertise on topics such as budgeting, saving money, mortgages, debt, and more.

The latest question asked by GoBankingRates’ Facebook follower, Shaunie W., is about how to budget when income is inconsistent. She advises, “The solution is to change the timeline used for planning your finances from one month at a time to the full year.”

“Think about it: The same expenses pop up every year — taxes, back to school shopping, Christmas, etc. — but you’re not planning for them until it’s really too late. Also, your income may fluctuate from month to month, but there’s probably an average you can rely on,” Ms. Bond continues.

Ms. Bond also provides a step by step guide that individuals with a fluctuating income can execute for a successful budgeting plan.

Read her full answer here.

For questions about this report or to schedule an interview with a GoBankingRates editor, please use the contact information below.

About Casey Bond
Casey Bond has been a professional within the finance industry for close to a decade. Today, Ms. Bond regularly appears on a number of major national publications in addition to GoBankingRates, including Business Insider, US News & World Report, and The Huffington Post. She can also be found on Yahoo Finance!, Fox Business, and LearnVest, as well as in Redbook and Style. Her highly-anticipated newsletter “Cents in the City” is set to launch in the second quarter of 2013.

About GoBankingRates is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. GoBankingRates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information.

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