Manage your money wisely, Tips from on stretching the dollar
By Evan Russell
(Russell Realty Group )
Irregular income can make planning difficult, but it is not impossible. The word “budget” can be intimidating but the concept is vital for those who work on commission. It is important to plan carefully so you are prepared in the event of an income crisis or unforeseen expense. Here are some guidelines for assessing expenses and establishing a workable budget. First, list monthly expenses including but not limited to rent/mortgage, health insurance, utilities, groceries, entertainment…everything. In assembling this information it is important not to guess at the numbers. Look at past receipts to ensure your estimated expenses are accurate. Next, divide your expenses into “necessities” and “luxuries.” Under the heading of necessities, you need to know what you need to get by on a month...
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