Get Out Of Debt: The Challenge of Irregular Income | I've Paid For This Twice Already... http://www.paidtwice.com/2008/10/10/get-out-of-debt-the-challenge-of-irregular-income/#comment-54603 LRG Fri, 10 Oct 2008 12:01:52 +0000 http://www.paidtwice.com/2008/10/10/get-out-of-debt-the-challenge-of-irregular-income/#comment-54603 I have a question. We have been living on budgets for over a year now. We spend much less than we make, and have paid off the cars and now close to finishing off the second mortgage. We have pretty much followed Dave Ramsey's Baby Steps. So we are in pretty good shape and on the right track. So now the question. We use a zero based budget, so I put our incomes at the top and then give every dollar a name, etc. I really like your statement "Don’t budget your expenses from your projected income. Budget them from your past income." But how do you exactly set up the budget? What do you put at the top, just a set amount then, $X,XXX every month and if there is a surplus from that month's income it just builds up in the account? I'm really interested in how you might set this up. Thanks and continue the great posts! I have a question. We have been living on budgets for over a year now. We spend much less than we make, and have paid off the cars and now close to finishing off the second mortgage. We have pretty much followed Dave Ramsey’s Baby Steps. So we are in pretty good shape and on the right track. So now the question.

We use a zero based budget, so I put our incomes at the top and then give every dollar a name, etc. I really like your statement “Don’t budget your expenses from your projected income. Budget them from your past income.” But how do you exactly set up the budget? What do you put at the top, just a set amount then, $X,XXX every month and if there is a surplus from that month’s income it just builds up in the account?

I’m really interested in how you might set this up. Thanks and continue the great posts!

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