Financial Planning When Your Income Arrives in Lumps

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Commission earners, freelancers, and bonus-heavy professionals face a problem salaried planning ignores: income that surges some months and vanishes others. Budgeting for the last good month invites trouble. The fix is to pay yourself a steady figure. Route everything into one account, draw a fixed monthly amount you can sustain even in lean stretches, and let the surplus from strong months cover the weak ones. Financial planning for a lumpy income is really cash-flow smoothing. Build your financial planning around your average, never your best month. As a SEBI-registered investment advisor, 1 Finance offers purely advisory guidance with no products to sell and no commissions to earn. Get it on Google Play.

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