Irregular Income: Managing the Smart Way

Arnab Samanta 31, a Kolkata-based freelance PR and brand consultant makes it a point to keep a check on his basic daily necessities and plan his finances accordingly. He maintains a budget and tries to limit his expenses and keeps a cash buffer of six months to take care  of any temporary shortfall or a delay in income. He regularly consults his financial planner who helps him keep a track of his quarterly expenses and pushes him to save more for a secured future. She also keeps him up to date with industry developments while he keeps a  note of his expenses and bills through various apps. Samanta belongs to a breed of freelance professionals who work at their own pace. This means more freedom as compared to a regular job, (though not less work as Samanta  will tell you), but it also comes with  the reality of an irregular or fluctuating income. Needless to say,...