How to save with uncertain income

Q – I have read and enjoyed all of your books especially the latest 6 Steps to $1 Million. I have found them all very informative. My husband has his own company which is a small electrical contracting business. He doesn’t make a lot of extra with his business at this time and of course you can never guarantee when you will receive payment for a job. Any suggestions on how you set up a savings plan when you don’t have a regular income coming in every week? – J.K.

A – You might consider operating on a monthly or even quarterly basis in this case. Even though the cash flow may vary from week to week, presumably you are able to estimate family income over a longer period of time. Use that estimate to determine how much you can put aside for savings during the period.