what can you do to ensure that you live within your means if you have irregular income?\nmultiply your…

what can you do to ensure that you live within your means if you have irregular income?\nmultiply your highest months earnings by 12 to get your annual income.\nlive within the average monthly income for the year.\nassume youll earn more income.\nspend as much as you earn each month.

what can you do to ensure that you live within your means if you have irregular income?\nmultiply your highest months earnings by 12 to get your annual income.\nlive within the average monthly income for the year.\nassume youll earn more income.\nspend as much as you earn each month.

Answer

Brief Explanations:

  • Multiplying the highest month's earnings by 12 overestimates income and is not sustainable for irregular income.
  • Assuming more income is not a reliable or prudent strategy.
  • Spending as much as earned each month doesn't account for months with lower income and can lead to financial instability.
  • Living within the average monthly income for the year provides a more stable and realistic budget, allowing for savings in higher - income months to cover lower - income months.

Answer:

Live within the average monthly income for the year.