Most of us have variable income every month, whether or not we realize it. This type of income might come from:

• Hourly wage work
• Gigs
• Gifted money
• Commission work

If the money is going into the accounts you’re tracking in your budget, you should record the income and assign it in your budget.

Budgeting with a variable income is simple in principle: Only budget the money you have.

When you record income, you can assign it to this or next month. If you still need money this month to cover your spending, then you should assign your income to This Month.

Being able to allocate your income to Next Month is a privilege not afforded to many. Living entirely on income from the previous month is also a difficult accomplishment for many.

However being a month ahead of your bills will provide great peace of mind, so we highly recommend it!

When You Sign Up

When you add your very first account to Vermillion, you should include an initial balance. You may need to go back and edit this if it was automatically created with a $0 balance.