If you're on a steady salary, creating a spending plan is straightforward, because you know both what's coming in and what's going out every month. ****

But what if you don't have a stable salary? What if you're one of the millions of Americans who do side work or own a business or get paid commission? For you, a variable income is just part of the deal.

Then there are people who depend on tips, like bartenders, Uber drivers, servers: you name it. Even freelancers and gig economy workers can have difficulty budgeting and managing their money, thanks to a variable income.

Today, we're going to tackle the subject of a stable budget with an unstable income.

As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's guest is Barbara Sloan, a former exotic dancer and the author of Tipped, a book about financial empowerment for service industry workers.

Be aware that anything you hear on this podcast doesn't constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn here.

You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
Listen on Apple Podcasts
Listen on Google Podcasts
Listen on Spotify

Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.

This podcast is sponsored by Tellus, the first savings app designed for homebuyers by real estate experts. With Tellus, your savings earn more in one day than up to three weeks in a traditional bank savings account. What's more, there is no stock or crypto exposure, no fees and you can withdraw anytime. Click the link in the show notes and use the code MONEYTALK to get a 5.50% APY for seven days with a $125 minimum deposit.

What kind of career do you have?

We tackle some of the main things you need to be aware of when you work in a career that results in a variable income. Barbara's book, Tipped, takes you through what you need to know as well. Freelancers, service industry workers and self-employed business owners know what it's like to deal with these challenges.

If you're looking for a new career or source of income, check out some of our articles on different jobs and side hustle ideas.
The Ultimate Guide to Building Freelance Income
Side Hustle Success: Financial Freedom From Lipstick and Bras
7 Tips for Getting a Great Part-Time Job in Retirement
Calling All Night Owls: 14 Jobs for People Who Like to Stay Up Late
16 Early-Morning Jobs for People Who Wake Up With the Sun
10 Companies That Hire Part-Time Proofreaders and Editors
7 Things You Need to Know About How to Get a New Job in 2023
4 Tips for a Modern Online Job Search
25 Companies Switching to Permanent Remote Work-From-Home Jobs
9 Top-Paying Side Hustles Where You Could Earn More Than Full-Time Work
Why You Can Benefit From a Career Coach

Get more from your money

Don't forget about money moves you can make, no matter what your income looks like. Here are some of our best resources for budgeting, saving, investing and spending your money.
6 Things Every Self-Employed Worker Should Know About Taxes
Money Tight? 4 Legit Ways to Bring in Extra Cash
Keep Your Money and Health on Track With These 9 Apps
32 Inflation Hacks to Save You Money in an Economic Downturn
10 Depression Era Hacks and Frugal Living Ideas to Save Money Now
10 Ways to Change Bad Spending Habits and Save Money
The 5 Best Budgeting Apps to Get Your Finances Together
8 Surprising Ways to Become Richer Within the Hour
Your Guide to Alternative Investments
Where Stocks Are Going in 2023 and Where You Should Invest Now
7 Things You Should Know Before Investing in I Bonds
The 60/40 Investment Mix Is Dead – or Is It?

Meet this week's guest, Barbara Sloan

Barbara Sloan is the author of the book Tipped: The life changing guide to financial freedom for waitresses, bartenders, strippers, and all other service industry professionals.

Barbara was a homeless teen, who danced for dollars, and definitely did not graduate from college. She spent two decades working in every imaginable position in the service industry all over the country and learning about money on her own. In addition to owning and running a construction company in the heart of Manhattan, she is a personal finance expert and coach. She leverages her experience in the service industry to focus on issues that many in the mainstream financial media don't cover. Barbara lives in New York City with her wife of 10 years, an esteemed corporate finance exec, and together they are a couple of adorable money nerds who point out every dog they see.
Website
Facebook
Instagram
Book

Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

If you're on a steady salary, creating a spending plan is straightforward, because you know both what's coming in and what's going out every month. ****
But what if you don't have a stable salary? What if you're one of the millions of Americans who do side work or own a business or get paid commission? For you, a variable income is just part of the deal.
Then there are people who depend on tips, like bartenders, Uber drivers, servers: you name it. Even freelancers and gig economy workers can have difficulty budgeting and managing their money, thanks to a variable income.
Today, we're going to tackle the subject of a stable budget with an unstable income.
As usual, host <a href="https://www.moneytalksnews.com/author/stacy/">Stacy Johnson</a> is joined by financial journalist <a href="https://www.moneytalksnews.com/author/mirandamarquit/">Miranda Marquit</a>. Listening in and sometimes contributing is producer <a href="https://www.moneytalksnews.com/author/aaronfreeman/">Aaron Freeman</a>. Today's guest is <a href="https://www.tippedfinance.com/">Barbara Sloan</a>, a former exotic dancer and the author of Tipped, a book about financial empowerment for service industry workers.
Be aware that anything you hear on this podcast doesn't constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn here.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
<ul>
<li>Listen on <a href="https://podcasts.apple.com/us/podcast/money/id1465774878">Apple Podcasts</a></li>
<li>Listen on <a href="https://www.google.com/podcasts?feed=aHR0cHM6Ly9hcGkucG9kY2FjaGUubmV0L3Nob3dzL2ViYzg4ZWYxLTczYmUtNDU4MC1hYmFiLTQ4M2FkYjQ0ZDA5Yy9mZWVk">Google Podcasts</a></li>
<li>Listen on <a href="https://open.spotify.com/show/4XzsoL58984FkzefrRay0c">Spotify</a></li>
</ul>
Don't forget to <a href="https://www.moneytalksnews.com/podcasts/">check out our podcast page</a> for more episodes designed to help you make the most of your money and <a href="https://www.youtube.com/@moneytalksnews">our YouTube page</a> for more videos.
This podcast is sponsored by <a href="https://www.tellusapp.com/?irclickid=X2nWeq3MWzfHUMmVIFWlrztBUkAyEVWTQ0s-Q80&amp;irgwc=1&amp;irpartnerid=135586">Tellus</a>, the first savings app designed for homebuyers by real estate experts. With Tellus, your savings earn more in one day than up to three weeks in a traditional bank savings account. What's more, there is no stock or crypto exposure, no fees and you can withdraw anytime. Click the link in the show notes and use the code MONEYTALK to get a 5.50% APY for seven days with a $125 minimum deposit.
What kind of career do you have?
We tackle some of the main things you need to be aware of when you work in a career that results in a variable income. Barbara's book, <a href="https://www.amazon.com/Tipped-financial-waitresses-bartenders-professionals/dp/B0BBQDR4FS">Tipped</a>, takes you through what you need to know as well. Freelancers, service industry workers and self-employed business owners know what it's like to deal with these challenges.
If you're looking for a new career or source of income, check out some of our articles on different jobs and side hustle ideas.
<ul>
<li><a href="https://www.moneytalksnews.com/slideshows/the-ultimate-guide-to-building-freelance-income/">The Ultimate Guide to Building Freelance Income</a></li>
<li><a href="https://www.moneytalksnews.com/side-hustle-success-financial-freedom-from-lipstick-and-bras/">Side Hustle Success: Financial Freedom From Lipstick and Bras</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/tips-for-getting-a-part-time-job-in-retirement/">7 Tips for Getting a Great Part-Time Job in Retirement</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/calling-all-night-owls-14-jobs-for-people-who-like-to-stay-up-late/">Calling All Night Owls: 14 Jobs for People Who Like to Stay Up Late</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/16-early-morning-jobs-for-people-who-wake-up-with-the-sun/">16 Early-Morning Jobs for People Who Wake Up With the Sun</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/10-companies-that-hire-part-time-proofreaders-and-editors/">10 Companies That Hire Part-Time Proofreaders and Editors</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/7-things-you-need-to-know-about-how-to-get-a-new-job-in-2023/">7 Things You Need to Know About How to Get a New Job in 2023</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/4-tips-for-a-modern-online-job-search/">4 Tips for a Modern Online Job Search</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/25-companies-switching-to-permanent-remote-work-from-home-jobs/">25 Companies Switching to Permanent Remote Work-From-Home Jobs</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/top-paying-side-hustles-where-you-could-earn-more-than-full-time-work/">9 Top-Paying Side Hustles Where You Could Earn More Than Full-Time Work</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/why-you-can-benefit-from-a-career-coach/">Why You Can Benefit From a Career Coach</a></li>
</ul>
Get more from your money
Don't forget about money moves you can make, no matter what your income looks like. Here are some of our best resources for budgeting, saving, investing and spending your money.
<ul>
<li><a href="https://www.moneytalksnews.com/slideshows/what-every-self-employed-worker-should-know-about-taxes/">6 Things Every Self-Employed Worker Should Know About Taxes</a></li>
<li><a href="https://www.moneytalksnews.com/money-tight-5-legit-ways-to-bring-in-extra-cash/">Money Tight? 4 Legit Ways to Bring in Extra Cash</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/keep-your-money-and-health-on-track-with-these-9-apps/">Keep Your Money and Health on Track With These 9 Apps</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/32-inflation-hacks-to-save-you-money-in-an-economic-downturn/">32 Inflation Hacks to Save You Money in an Economic Downturn</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/10-depression-era-hacks-and-frugal-living-ideas-to-save-money-now/">10 Depression Era Hacks and Frugal Living Ideas to Save Money Now</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/10-ways-to-change-bad-spending-habits-and-save-money/">10 Ways to Change Bad Spending Habits and Save Money</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/the-5-best-budgeting-apps-to-get-your-finances-together/">The 5 Best Budgeting Apps to Get Your Finances Together</a></li>
<li><a href="https://www.moneytalksnews.com/8-surprising-ways-to-become-richer-within-the-hour/">8 Surprising Ways to Become Richer Within the Hour</a></li>
<li><a href="https://www.moneytalksnews.com/your-guide-to-alternative-investments/">Your Guide to Alternative Investments</a></li>
<li><a href="https://www.moneytalksnews.com/where-stocks-are-going-in-2023-and-where-you-should-invest-now/">Where Stocks Are Going in 2023 and Where You Should Invest Now</a></li>
<li><a href="https://www.moneytalksnews.com/7-things-you-should-know-before-investing-in-i-bonds/">7 Things You Should Know Before Investing in I Bonds</a></li>
<li><a href="https://www.moneytalksnews.com/the-60-40-investment-mix-is-dead-or-is-it/">The 60/40 Investment Mix Is Dead – or Is It?</a></li>
</ul>
Meet this week's guest, Barbara Sloan
Barbara Sloan is the author of the book <a href="https://www.amazon.com/Tipped-financial-waitresses-bartenders-professionals/dp/B0BBQDR4FS">Tipped: The life changing guide to financial freedom for waitresses, bartenders, strippers, and all other service industry professionals</a>.
Barbara was a homeless teen, who danced for dollars, and definitely did not graduate from college. She spent two decades working in every imaginable position in the service industry all over the country and learning about money on her own. In addition to owning and running a construction company in the heart of Manhattan, she is a personal finance expert and coach. She leverages her experience in the service industry to focus on issues that many in the mainstream financial media don't cover. Barbara lives in New York City with her wife of 10 years, an esteemed corporate finance exec, and together they are a couple of adorable money nerds who point out every dog they see.
<ul>
<li><a href="https://www.tippedfinance.com/">Website</a></li>
<li><a href="https://www.facebook.com/tippedfinance">Facebook</a></li>
<li><a href="https://www.instagram.com/tippedfinance/">Instagram</a></li>
<li><a href="https://www.amazon.com/Tipped-financial-waitresses-bartenders-professionals/dp/B0BBQDR4FS">Book</a></li>
</ul>
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts <a href="https://www.moneytalksnews.com/podcasts/">here</a> or download them to your phone from any number of places, including <a href="https://podcasts.apple.com/us/podcast/money/id1465774878">Apple</a>, <a href="https://open.spotify.com/show/4XzsoL58984FkzefrRay0c">Spotify</a>, <a href="https://radiopublic.com/money-6rRgm9">RadioPublic</a>, <a href="https://www.stitcher.com/podcast/money-talks-news/money-104">Stitcher</a> and <a href="https://api.podcache.net/shows/ebc88ef1-73be-4580-abab-483adb44d09c/feed">RSS</a>.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Money Talks News: The Podcast

What a Pole Dancer Can Teach Us About Managing a Variable Income

https://api.omny.fm/orgs/67ee9ddc-11a3-4cec-841d-ac9a015d5b41/clips/516531f8-a39a-4d0c-9924-afb901114dfb/transcript

Transcript

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