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SVTPerformance's Chain of Restaurants
Road Side Pub
People with highly variable incomes, what's your style?
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<blockquote data-quote="Riddick" data-source="post: 16513080" data-attributes="member: 143188"><p>It should not make a difference whether you live on a fixed income or commission. Everyone should have a budget and as long as you stay within it you should do fine. I can tell you by not having any debt makes a big difference, car payments and credit cards add up quick. If you pay cash for everything its very easy to know how much income you need to live off of.</p><p></p><p>Just because you make 200K dollars a year does not mean you have to spend 200K a year. My wife and I both work but we basically live off one pay check. I never got into the whole Dave Ramsey thing but I essentially did my own plan very similar and it has worked very well. The key is to set a budget and stick to it regardless of how much income you bring in.</p></blockquote><p></p>
[QUOTE="Riddick, post: 16513080, member: 143188"] It should not make a difference whether you live on a fixed income or commission. Everyone should have a budget and as long as you stay within it you should do fine. I can tell you by not having any debt makes a big difference, car payments and credit cards add up quick. If you pay cash for everything its very easy to know how much income you need to live off of. Just because you make 200K dollars a year does not mean you have to spend 200K a year. My wife and I both work but we basically live off one pay check. I never got into the whole Dave Ramsey thing but I essentially did my own plan very similar and it has worked very well. The key is to set a budget and stick to it regardless of how much income you bring in. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
People with highly variable incomes, what's your style?
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