Mastering Your Finances with Inconsistent Income

In this episode of the Profit for Product podcast, hosted by Meagen Berquist, founder of Stella and Sol Sustainables, we explore how to manage finances with inconsistent income. Meagen offers practical tips on budgeting, building a safety net, and debunking common myths around financial management.

Learn about the immediacy bias, the importance of a long-term view, and the PAM Framework to maintain financial stability. If you’re a handmade business owner struggling with fluctuating income, this episode is packed with insights to help you navigate the highs and lows of entrepreneurship. Tune in for a friendly, conversational guide to making your finances work for you.

00:00 Introduction to Budgeting

01:07 Understanding Inconsistent Income

03:52 The Importance of a Long-Term Financial View

04:48 Science Corner: Immediacy Bias

06:43 Building a Safety Net

07:47 The Power of Budgeting

09:14 The PAM Framework

10:52 Conclusion and Final Thoughts