Comments on: Managing Money On A Variable Income – Guest Post

By: Walter

Walter — Mon, 09 Nov 2009 07:27:47 +0000

Responsibility and discipline is a big factor on how we manage our money. Without incorporating these to our financial strategy, one is sure for mismanagement.
Walter´s last blog ..Senseless arbitrariness

By: One Month Anniversary; The Weekend Hustle | The Zen Capitalist

One Month Anniversary; The Weekend Hustle | The Zen Capitalist — Sat, 07 Nov 2009 15:29:53 +0000

[...] Managing Money From a Variable Income – From a guest poster DebtKid on Mrs. Micah: Finance for a Freelance Life – With 1 out of 10 people out of a job, I know some of you reading this are in a variable income situation. Well written article by a guy that went into debt in an unorthodox way. He obtained it by trading. Something that could have happened to me on several occasions. [...]

By: FinanciallySmart

FinanciallySmart — Fri, 06 Nov 2009 21:45:51 +0000

Most persons are afraid of preparing a budget because they don’t want to stop some habits. Your article is very informative. Yes once a person eliminate their debts then he/she will have this money to used as an investments or just place in a savings or retirement plans.

By: Financial Samurai

Financial Samurai — Fri, 06 Nov 2009 20:35:59 +0000

Thnx for the post! It’s good to assume your “normalized income” is actually your lowest point of your variable income. If you were to do that, all is good.

I’m just fascinated DK about how you went $300,000 into debt trading! That is an incredible story that I would love to hear with new angles.

Thnx, FS
Financial Samurai´s last blog ..Never Call In Sick On Friday, Slacker!

By: Al

Al — Fri, 06 Nov 2009 16:47:47 +0000

I have been living by these rules for years and it brings peace of mind to know you have a buffer and has given me flexibility to be self employed. BUT I am now taking a lot of that buffer and putting it towards buying a house. I’m thinking of the long term but I am worried how I will cope with the added stress of a vastly reduced buffer and larger payments towards a mortgage…but I can’t keep throwing away money to rising rent while property prices move upwards out of reach…..

I now reluctantly enter the world of debt, wish me luck…….. : /

By: Credit Card Chaser

Credit Card Chaser — Fri, 06 Nov 2009 05:44:04 +0000

I am reminded of some of the verses from Proverbs in the Bible that talk about how the wise person works hard and gathers up crops during harvest so that they have reserves during the winter while the fool is lazy during the harvest and then when the winter comes they do not have the food that they need.
Credit Card Chaser´s last blog ..Chris Dodd Indirectly Wants to to Make it Harder to Get a Credit Card

By: Craig

Craig — Thu, 05 Nov 2009 16:19:25 +0000

It has to be harder with variable income but hopefully you have a rough idea the range it can be. If that’s the case you can plan early on better months to put away and save for those months that may have less.

By: Neil

Neil — Thu, 05 Nov 2009 12:12:11 +0000

This is very good advice that I should have followed about 10 years ago! I failed to survive a lean time when doing contract IT work and am now a bit scared to back to it.
Neil´s last blog ..The Elusion of Financial Freedom That Debt Can Bring