8 Steps to Budget With Variable Income (And How to See if Your Raise Is A Pay Cut!)

In this episode of the Personal Finance Podcast, we're going to be talking through the 8 steps to budget with a variable income and how you can see if your raise is actually a pay cut.

Today we are going to answer these questions!

Question 1:How Do You Budget on a Variable Income?
Question 2: Should I pay down Low Interest Debt or Invest more at Age 50?
Question 3: When Getting a Raise How Do I look up to see if it actually a pay cut due to inflation?

How Andrew Can Help You:

Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here https://bit.ly/3RSGhUH

Learn to invest by joining Index Fund Pro https://bit.ly/3Q6NajL ! This is Andrew’s course teaching you how to invest!

Watch The Master Money Youtube Channel! https://bit.ly/45pgXZm

Ask Andrew a question on Instagram https://www.instagram.com/mastermoneyco/ or TikTok https://www.tiktok.com/

Learn how to get out of Debt by joining our Free Course https://mastermoney.co/debt-course/ Leave Feedback or Episode Requests here. https://mastermoney.co/contact/

Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast.

Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at shopify.com/pfp

Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/

Policygenius: This is where I got my term life insurance. Policygenius is made so easy. To get your term policy go to policygenius.com and make sure your loved ones are safe.

Listen to Planet Money https://open.spotify.com/show/4FYpq3lSeQMAhqNI81O0Cn wherever you get your podcasts.

Relevant Episode:
How to Generate a Second Income Source with a Youtube Channel with Graham Cochrane https://bit.ly/3GyANHD
How to Use Niche Sites to Build Multiple Streams of Income With Doug Cunnington https://bit.ly/3taiOnU
How Much Income Do You Need to Be Considered Rich? (By Age!) https://bit.ly/3NkzkbQ

Connect With Andrew on Social Media:
Instagram https://www.instagram.com/mastermoneyco/
TikTok https://www.tiktok.com/@mastermoneyco
Twitter https://twitter.com/mastermoneyco Master Money
Website https://mastermoney.co/
Master Money Youtube Channel https://www.youtube.com/@mastermoneyco

Free Guides:
The Stairway to Wealth: The Order of Operations for your Money https://mastermoney.co/the-stairway-to-wealth/
How to Negotiate Your Salary https://mastermoney.co/get-that-raise-ebook/
The 75 Day Money Challenge https://mastermoney.co/75-day-challenge/
Get out Of Debt Fast https://mastermoney.co/debt-course/
Take the Money Personality Quiz https://mastermoney.co/quick-quiz/