Quelles sont les stratégies pour lisser vos revenus et réduire l’incertitude?

1 Create budget that outline expected income and expenses, track expenses real time to identify saving opportunities 2 Diversify source of income to reduce reliance on single source 3 Very important to build emergency fund to cover unexpected expenses or income fluctuations 4 Prioritize stable income source via full term Job 5 Incase of self employment do ensure you are getting paid on regular basis 6 Get better understanding of earning pattern by averaging monthly income looking at last year of data 7 Pay taxes on time, do planning for investment to ensure considerable tax saving 8 When switching jobs or onboarding new clients do negotiate payment term , salary etc. to get more cash in hand Following these steps will remove uncertainty

Use a software like Monarch money if you don't want to track with excel. We all need to know where we are to understand what we can improve and what we have to work with. Then adjust over time to make the most of what we have and change as our situation changes.

Start by consistently tracking your income sources to understand fluctuations and identify patterns. Use a detailed spreadsheet or financial app to record all earnings, noting seasonal variations or irregular payments. Establish a baseline of your average monthly income to guide budgeting. To further stabilize income, create a buffer by saving a portion of your earnings during higher-income months, which can be used during lean periods. Diversify income streams, such as adding freelance work, passive income, or side gigs, to reduce reliance on a single source. Additionally, consider setting up an emergency fund with three to six months of living expenses to cushion against unexpected drops in income.

Monitorar a renda é crucial para um planejamento financeiro eficaz, especialmente com renda irregular. Ferramentas podem ser incrivelmente úteis para identificar tendências e preparar-se para flutuações. Especialmente a que tem conexão com Open Finance, assim os lançamentos são automáticos... Excelente dica!

You can use tools like Excel or Quickbooks to assist with tracking your income. Tracking your income is the first step to taking control over your money. It will show the areas that you need to work on and where you need to prioritize your spending.

Go through your bank statement and categorise expenses for the prior 3-4 months. This timeframe will capture quarterly expenses like insurance premiums but remember to include annual expenses. Breakdown your expenses into categories like essential bills (mortgage, food), discretionary spending (entertainment, travel), and debt payments. This paints a clear picture of where your money flows. The 50/30/20 rule is a good guideline but with the recent hike in cost of living expenses, this may be impossible for many households. The best option is to compare monthly outgoings against income and ensure there is enough to cover the bills. If there is a shortfall, look for ways to reduce other discretionary expenses such as hobbies.

Estimar despesas é um passo fundamental para o controle financeiro. A regra 50/30/20 é um ótimo ponto de partida para equilibrar necessidades, lazer e poupança. Porém é necessário ajustar para cada necessidade conforme as metas pessoais tornando o planejamento ainda mais efetivo. Boa estratégia!

Si bien es cierto, en mi experiencia que la formula 50-30-20 siempre hay que adaptarla a las circunstancias y objetivos personales, sin duda la es una muy buena base de partida. Lo importante en este punto siempre es que cuando comencemos a registrar todos los gastos no no olvidemos de aquellos que realizamos en efectivo, aquellos que son importe pequeños (los gastos hormiga) y aquellos que vienen 1 o 2 veces al año con suele ser el caso de los seguros e impuestos.

The best way to implement this is a hard boundary with your discretionary money. Put the 30% into a seperate account in a seperate bank. When you do this you don't need to track every transaction. People can get burnt out from transaction categorization. This keeps it simple. Simple is good!

Financial clarity and consistency will come when you know your monthly expenses. What are your fixed costs? once that is in place, then you know how much you can comfortably allocate toward financial goals and discretionary funds. Some simple math and paycheck stubs will tell you what your income is. If you have irregular income… Then tally up what your income was of the previous month. And then use that number for the next month budget. You can think of it as a cereal dispenser at a continental breakfast. The new money/cereal goes in at the top and you spend from the bottom. You're spending last month's money this month.

Creating and sticking to a budget of estimated expenses is HARD, and it's important to give yourself patience as getting frustrated can and will derail your progress. Your budget is not static, and instead should be viewed as backward and forward-looking tool that tracks where you are investing your hard earned dollars every month. It's important to always incorporate saving for the future in your budget (even if just a small amount), but understand that budgets should be adjusted and reviewed to ensure it aligns with your values and life goals.

Creating a budget provides a clear snapshot of our financial situation, helps us prioritize spending, and enables us to work towards our financial goals. Adjustments can be made as our income or expenses change, ensuring that our budget remains a dynamic and effective tool for financial management.

Running a business without a budget is extremely dangerous. Spending without knowing what comes up tomorrow can destroy a business very quickly

If you don't like the word "budget", then call it a "conscious spending plan". 50/30/20 Rule → Consider using the 50/30/20 rule as a framework. 50% of your income goes to necessities, 30% to wants, and 20% to savings and debt repayment. Adjust as Needed → Your budget is a living document. Adjust it as your financial situation changes to ensure it remains effective.

I advise people to save at least two months. This is an in-between number. It really depends if it's a seasonal business or not.

Begin by saving a small but manageable amount each month. Over time, aim to build your emergency fund to cover at least 3 months of living expenses if you're in a dual-income household or at least 6 months of living expenses for a single-income household.

Building an emergency fund is crucial to reduce the financial instability and uncertainty that will arise from a variable income. I recommend saving at least 3 months of your essential expenses, and doing this before investing for long-term goals. You will never know when you may need the money, and an emergency fund can give you some much needed peace of mind.

A financial safety net for unexpected expenses. Save 3-6 months' worth of living expenses. Example: $200 monthly contribution for peace of mind.

Diversifying our income is a strategic move to enhance financial stability. By exploring various sources such as side projects, investments, or freelancing, we can reduce dependence on a single income stream, mitigating financial risks. This approach adds a layer of security and adaptability to our financial portfolio.

Para diversificar tu fuente de ingresos, considera tus intereses, algo que podrías hacer sin aburrirte, tus habilidades, a que te podrías dedicar sin que te cueste mucho trabajo hacerlo y tus objetivos, durante cuanto tiempo estarías dispuesto a conseguir otro empleo y con que fin.

Pour diversifier nos revenus, commencons par évaluer nos compétences, nos centres d'intérêt et les opportunités disponibles. Par exemple, si nous possédons une expertise spécifique, envisagons de donner des cours en ligne ou de proposer des services de conseil sur des plateformes comme YouTube. Si nous sommes créatif, explorons la vente de produits artisanaux ou numériques sur des réseaux sociaux tels qu'Instagram, TikTok ou Facebook. Si nous avons des talents en écriture, nous pouvons créer du contenu monétisé (blog, chaîne YouTube, e-books) ou rédiger des livres adaptés sur nos expériences dans nos projets pour encourager les autres à suivre votre modèle

Un punto importante dentro de la planificación financiera es la creación de fuentes adicionales de ingresos que puedan servir de cobertura adicional ante imprevistos en la fuente principal de ingreso. Aunque un punto importante aquí es elegir bien cual o cuales queremos que sean esas nuevas fuentes de ingresos porque nunca se crean a coste 0, es decir, siempre implicarán energía, dinero y tiempo.

Ever heard the saying "don't put all your eggs in one basket?" It absolutely applies to your finances. Its so important to have multiple streams of income. And to have strategies in place that protect your income as well as tax efficient. You should have at least 7 different bank accounts, all allocated for a specific purpose. Absolutely consult with a financial professional if you have any questions.