We've hand-picked events throughout the year so you can better connect with like-minded entrepreneurs and learn from the best in the biz.

Irregular Income

Wednesday, August 14 | 11:30 AM - 1:00 PM

ATB Entrepreneur Centre, Edmonton

Irregular income can come in many different forms including self-employment, contracting, casual work/hours, fluctuating hours, commissions, tips, and even bonuses. One of the major
challenges with irregular income is not being able to predict income which makes budgeting very difficult. It is very easy to get caught in a cycle of relying on credit to supplement lean months which can lead into a downward spiral of credit and debt. It also requires discipline to not overspend when the income is high.

The good news is that there are 3 different systems that you can try to help you manage irregular income so that you feel as though you’re in control and still have money for fun things. In the Irregular Income workshop/webinar, you will learn how to:

  • Determine which system will work for you;
  • Average your income and create a manageable household budget if you have been self-employed for over three years;
  • Create a holding account system so that you can weather the up’s and down’s of irregular income;
  • Create a good month budget and lean month budget;
  • Put money aside for taxes (if applicable);
  • Track your expenses so you know exactly where your money is going;
  • Plan and pay for irregular expenses like car maintenance, clothing and shoes, and pet bills even though your income fluctuates;
  • Create a paycheque plan to cover your fixed, cash/variable and savings expenses; and
  • Build your saving so that you can manage through the irregularity of your income.

This session is 1 hour and builds upon participants’ experiences with irregular income. You’ll be able to share your ideas and learn from others. We take a “grab and go” approach – grad an
idea or two and go try it. All participants will walk away with ideas, resources and the full curriculum upon request.


About your speaker:

Manraj is the Credit Counselling Society’s Financial Educator for Edmonton. She has over 7 years of experience in community work including 3 years with the Credit Counselling Society. She completed her Bachelor of Commerce degree through the University of Alberta’s School of Business. She completed her Certified Educator in Personal Finance Designation in August 2017. Manraj is passionate about inspiring others to better themselves and reach their full potential. She enjoys building connections throughout the community while making a meaningful impact.

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