MMT PODCAST: Budgeting with Irregular Income

Monday Money Tip Podcast Episode 02 Now Available!

Episode 02 of The Monday Money Tip Podcast is officially LIVE! Hear from me, Joe, and my co-host, Megan Hibbard, as we give practical answers to real life money problems.

On this episode, we’ll talk all about how to budget when your income is irregular. I’ll also tell my own success story of how my family overcame the challenges of budgeting with an income that changed month to month. I’ll give my take how to to handle the dreaded Christmas credit card bill and how you can stop living paycheck to paycheck.

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

NOW AVAILABLE TO DOWNLOAD:

iTunes: https://itunes.apple.com/us/podcast/monday-money-tip/id1331042488?mt=2
Stitcher: https://www.stitcher.com/podcast/monday-money-tip?refid=stpr
Soundcloud: https://soundcloud.com/monday-money-tip

Email info@iwbnin.com to submit podcast questions or share success stories.

Show Notes

About the episode:

  • We’ll tackle the topic of irregular income and budgeting.
  • Joe answers the question “How do we make a budget when we don’t know what our income will be every month?”
  • How to tackle the Christmas credit card bill.
  • Joe shares his own success story of budgeting and winning with money while having an irregular income.
  • Learn about the IWBNIN ladder
  • Get tools to help you stop living paycheck to paycheck

Quote of the day- “You can.”

Links:

0% Balance Transfer Credit Cards

Monthly Budget Tool

Known Upcoming Expenses Calculator

How to Pay All Your Bills On Time

Imagine paying all of your bills on time and having enough money left over to fund your dreams. Would you like to have the ability to make that job change you’ve always wanted to make without the fear of financial crisis? The Financial Freedom Experience will give you the tools you need to make these dreams a reality.

FFE is a program that combines knowledge and community. Learn the next steps to take in order to win with your money while receiving encouragement and accountability from our team and other participants along the way.

This online course contains 10 video coaching sessions delivered online and on-demand, so you can watch any time and at any pace.

Registration is only open for a limited time and spots are filling up fast!

Click here to visit the Financial Freedom Experience to learn more and sign up!

Announcing our Brand New PODCAST

ANNOUNCEMENT! We’ve just created another way to help you take your finances to the next level.

We are beyond excited to announce our brand new Monday Money Tip Podcast presented by I Was Broke Now I’m Not. Episodes 00 and 01 are NOW AVAILABLE! Starting today [January 8, 2018], we’ll release a 20-25 minute podcast every other Monday. Now you can catch personal finance tips and tricks while you’re commuting to work, running on the treadmill, or cooking dinner.

You’ll hear from me, Joe, and my co-host, Megan Hibbard, as we give practical answers to real-life money questions. We’ll also tell success stories from actual IWBNIN community members, provide thoughts on current trends, and even include a fun “hot seat” segment. It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

NOW AVAILABLE TO DOWNLOAD:

iTunes: https://itunes.apple.com/us/podcast/monday-money-tip/id1331042488?mt=2

Stitcher: https://www.stitcher.com/podcast/monday-money-tip?refid=stpr

Soundcloud: https://soundcloud.com/monday-money-tip

Email info@iwbnin.com to submit podcast questions or share success stories.

 

Show Notes

About the episode:

  • We’ll talk about why the budget is so essential.
  • Joe answers the question “How do I create a budget that actually works?”
  • Set your financial goals for 2018.
  • Get a list of budgeting tips that have personally helped Joe and his family win with money.
  • Hear Joe tell how to increase income and decrease outgo.

Joe encourages everyone to prepare a list of financial goals for the year.

  1. Income goal
  2. Giving goal
  3. Saving goal
  4. Investing Goal
  5. Debt Reduced goal

Quote of the day: “ If you care, you will prepare.”

Links:

Budget Tools

Known Upcoming Expenses Tool

The IWBNIN Ladder

Have the Best Financial Year in 2018

Are you ready to have your best financial year ever? A year where you look back and see noticeable changes to your financial status: an increased bank account balance, reduced debt, and growth in your investments?
 
There is no better time than 2018 to achieve your best year ever!
 
Have the Best Financial Year in 2018
 
Step #1  Identify your current status.  Here at I Was Broke. Now I’m Not., we identify three different financial status points: STRUGGLING, STABLE, or SURPLUS. Most people can readily identify their current status. This allows you to clearly determine your next steps.
 

 

(Download your free PDF copy of the I Was Broke. Now I’m Not. Ladder)

 
Step #2  Identify your next rung on the I Was Broke. Now I’m Not. Ladder.  Once you’ve identified your current status, it is helpful to look at the I Was Broke. Now I’m Not. Ladder (pictured above) to determine your next step. Below is some general guidance for each financial status.

  • STRUGGLING  If you are struggling, your goal should be to achieve Rungs #1, #2, and #3 this year. Consider the results that you would enjoy:
    • You would understand your “why” (Rung #1 – set goals)
    • You would have financial margin (Rung #2 – a month’s worth of expenses in savings)
    • You would begin to benefit from having your money work for you through investments (Rung #3 – investing each month)
    • KEY TOOL: Monthly Budget (we really like these free budgeting templates)
  • STABLE  If you are stable, your goal should be to position yourself to prosper and experience surplus. Your goal should be to work through Rungs #4 and #5. Consider the results you would enjoy:
    • You would eliminate all non-house, non-business debt! No student loan debt. No credit card debt. No furniture loans. All of your vehicles would be paid off. You wouldn’t owe any family members or friends.
    • Your savings account will have grown substantially which provides you with incredible margin to focus on the things that matter most!
    • KEY TOOL: Debt Freedom Date Calculator (here’s a great one – download it)
  • SURPLUS  If you are enjoying the blessings of surplus, you can position yourself to live a fully funded life that positively impacts the lives of those around you: your family, the least-of-these, and causes you are passionate about supporting! It is time to climb on up to the top of the IWBNIN Ladder by completing Rungs #6, #7, and #8. Consider the amazing results you get to experience:
    • You would have 30-percent of your gross income in investments which positions your money to earn more money for you – a secret all wealthy people have discovered.
    • You would have zero house payment. None. Zero. Nada.
    • KEY TOOL: Investment (this is a great, and simple, calculator)

 
Step #3  Set five key financial goals for the year. Rarely does anyone accomplish anything great without first making it their goal.

  1. INCOME GOAL Be sure to think outside of your normal income source(s). What are some alternative ways to produce more income this year?
  2. GIVING GOAL  What are the causes you want to support financially throughout the year?
  3. SAVING GOAL What are the things you are saving for? Consider your dreams, both short- and long-term. What are some expenses you could eliminate from your life that would allow you to boost your savings?
  4. INVESTING GOAL This is money that is positioned to grow. There might be some risk required (think stock market), but it provides you the opportunity to beat inflation and grow your money to a level such that big-time dreams become possible. Dreams like retirement, paying for college educations, and that big trip around the world!
  5. DEBT ELIMINATION GOAL Take a moment to document all of your debts. Which ones would you like to eliminate before the next year ends?

We prepared a handy DOWNLOAD for you to use to document your goals.

[2018 Financial Goals Free Download]

 
Step #4  Establish accountability. No matter the passion in which we pursue our goals, we are all susceptible to falter along the way. Share your goals with someone, but don’t just share with anyone! Share it with someone who shares similar goals and has already achieved many of the same goals you are pursuing.
 
Step #5  Increase your financial education. We have all heard the famous statement: “If you keep doing what you’ve always done, you’ll keep getting what you’ve always gotten.” The same is true with your financial future. It will require an investment from you – and in you! Read some financial books. Attend a financial conference or two. Hire a financial coach. I’ve never heard anyone say that they regretted investing in their financial education!
 
Accomplishing greater things will require activities and decisions you may have never made before. It will cost you time and money. It might make you feel uncomfortable, and the truth is that most of your friends and family will think you are plain weird to do something like this. Just remember this truth: “There is no growth in the comfort zone, and there is no comfort in the growth zone.”
 
You are positioning yourself to prosper. Congrats! Let’s have an amazing 2018.

Financial Freedom Experience NOW OPEN

IMAGINE…

  • Being able to dream again – and make those dreams become reality
  • Paying ALL of your bills on-time and still have money left over!
  • Positioning yourself to pay cash for your child(ren)’s college
  • Making the decision to become a stay at home parent
  • Having a home – without a mortgage
  • Being able to work your dream job – even if it paid less money

 
The Financial Freedom Experience can help you accomplish EVERYTHING on this list.
 
The Financial Freedom Experience is an online course geared to help you take your next step with your finances. Registration for this course is NOW OPEN but only for a limited time!  Whether you need help with a budget and are living paycheck-to-paycheck or you’re looking to invest for the future – this course has something for everyone! This online course contains 10 life changing video coaching sessions delivered online and on-demand at your pace!
 
LEARN MORE HERE 

THE DETAILS:

  1. 10 Experiences: These lessons are quick and to the point. All practical and immediately able to be applied. On-Demand.
  2. Downloadable audio lessons: All lessons are downloadable as mp3 files so you can learn “on-the-go” and “off-line”.
  3. Bonus Lessons: These additional lessons are for specific situations such as “Kids & Money” and “How to Manage Money with a Non-Participative Spouse
  4. Dedicated Help: A dedicated email address providing direct access to me and our team for your questions.
  5. Private Facebook Forum: You will be given the opportunity to join a private Facebook Forum where you can celebrate accomplishments together and gain encouragement from a community of people who are climbing the IWBNIN Ladder to live a fully funded life.
  6. Payment Options: There are two payment options – one-time and monthly

One-Time Payment: $197 (best value)
Monthly Payment: $47/month for five months

Trust me! This course has something for everyone and it will take your finances to the NEXT LEVEL! Space is limited and registration closes January 31st, so make sure you register NOW.
 
LEARN MORE HERE