A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Irregular IncomeEarnings that arrive unpredictably or in varying amounts, common for freelancers, commission earners, and gig workers.
- Income SmoothingThe practice of averaging out uneven earnings by saving in high months to cover the low ones and keep spending steady.
- Baseline BudgetA bare-bones plan built around your lowest expected income and essential costs, useful when earnings are unpredictable.
- Cash FlowThe movement of money into and out of your accounts over time, showing whether more comes in than goes out.
- Spending PlanA forward-looking plan for where each dollar of income will go before you spend it, covering bills, saving, and everyday costs.
- Gross IncomeYour total earnings before any taxes, retirement contributions, or other deductions are taken out of your paycheck.
More in Budgeting & Cash Flow
Plain-English education — not personalized legal, tax, or investment advice.