Hello and welcome back to the 360 Money Matters podcast! For many people income is not as simple as earning a regular salary. For many that earn commissions, are self employed or do seasonal work, income can be sporadic and irregular. While credit is a simple method of managing this cashflow, this can have many detrimental implications moving forward.

In this episode, we’ll be discussing how you can best allocate, save, and maximise your money with inconsistent income. No matter if you’re a seasonal worker or work on commission, we will share the tips, hints and tricks to apportion and manage your income in the most effective way possible. 

If you’re unsure about how to do that, then this episode is for you!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis and Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights: 

• Why you should avoid taking on credit

• Savings buffers

• Paying yourself a regular income

• Breaking the “the more we earn, the more we spend” mindset

• Bucketing Strategies

• Paying fixed expenses with fixed income & lifestyle expenses with irregular income

• Implementing a system and sticking to it