People who don't earn a consistent monthly salary do not have to do a budget?

Creating a budget is essential for everyone, regardless of whether they earn a consistent monthly salary or not. A budget helps individuals track their income and expenses, set financial goals, and manage their money effectively. For those with variable incomes, such as freelancers or commission-based workers, a budget becomes even more critical. It allows them to anticipate income fluctuations and plan for necessary expenses during leaner months.

By employing budgeting techniques, such individuals can allocate their earnings wisely, ensuring that they can cover essential needs and save for future commitments. This disciplined approach to personal finance is pivotal in achieving overall financial stability and wellbeing, thereby negating the idea that a budget is unnecessary for those without a fixed income.