Irregular Income
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Definition: Irregular income refers to earnings that vary in amount or frequency, often resulting from freelancing, seasonal work, commission-based jobs, or side hustles. It contrasts with a fixed income, which remains consistent over time.
Example: A freelance graphic designer earning $5,000 one month and $2,500 the next has irregular income, as their pay depends on the number and value of completed projects.
Learn More:
- Explore our guide to budgeting with irregular income for practical tips and strategies.