Latest / Budgeting for Beginners with Fexingo: Cash Envelopes, Apps, and Simple Money Tracking
How to Budget for an Irregular Income with a Base-Layer Envelope
Episode 72 tackles the specific challenge of budgeting when your income varies month to month. Lucas and Luna introduce the base-layer envelope method: a fixed monthly envelope for essential expenses funded by a rolling three-month income average. They walk through the math with a concrete example of a freelancer earning two thousand to six thousand dollars monthly. Topics include how to calculate your base layer, when to adjust it, and what to do with surplus income above the base. The hosts contrast this approach with the traditional 50/30/20 rule and discuss where variable expenses like…
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