MoneyWise


Budgeting on a Changing Income

September 27, 2018

When you come right down to it, budgeting isn’t really complicated. At the end of each month, you spend that month’s income on paper, and you make sure that your expenditures are less than your income. But what if you don’t know how much money you’ll earn from month to month? On this edition of MoneyWise, Rob West and Steve Moore discuss how to budget on a variable income. 

Then, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • If you're about to get married and sell your house grossing $175,000, what’s the best way to invest that money?
  • Is there a way for your 91 year old grandmother to give the money she has now to her children and let Medicaid pay her medical bills?  
  • If you're 4 months behind on your mortgage and have been offered a mortgage release or a short sale, is this a biblical approach if you can't catch up?

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