Don’t Let Variable Income Stop You from Retirement Savings

September 30, 2012

Planning ahead for retirement savingsEven if you are salaried, it can be difficult to plan ahead and build up

retirement savings, but those who are self employed, own their own company or are paid on commission have an even harder time with not always being sure how much money they will have each month. But making room for savings is critical, whether it is for retirement or for Chicago real estate, so the Equifax Finance Blog has a great new post on saving money even with a fluctuating income in “

Creating a Budget with an Irregular Family Income.”

You can help normalize your ups and downs by paying yourself a set salary, setting it low enough that you can always pay yourself even through the down months. From there, if you have really good months, you have more freedom with that extra capital.

When you do have good months, you can then make the excess work for you by putting it toward your

retirement portfolio or getting ahead on bill paying. With your obligations well-cared for and your future planned out, the occasional bonus for fun feels even better!

To learn more about how to manage your money and live happier with personal finance, check out the Equifax Finance Blog.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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