It’s much easier to plan your budget, savings, and retirement when your income is consistent. If you’re paid on commission or own your own business, it can be significantly more challenging to save regularly for your retirement. Strategies that work for most might not apply when you’re working for yourself.
Try these strategies to build your retirement savings even if your income changes from day to day:
Building a retirement fund sounds great, but without a good budget, you’ll find that most often, there’s nothing to save.
Learn how to create a budget, even with inconsistent income:
Get started immediately on your budgeting and savings plan. When you’re self-employed, there’s rarely time to waste. If money is tight, these may be challenging activities. But when you put the proper foundation in place, you’ll greatly increase the likelihood of experiencing an abundant retirement.