Dear Loan Officer,

We all have a lot of competing financial responsibilities. As a loan officer, how can you accurately budget when you don’t know to a T how much you will make in a given month? In my below breakdown, I share a simple “3 Bucket” budgeting concept for understanding how to allocate your funds throughout the month.

Sometimes, it can feel like too many responsibilities because of the income variation – especially if your income varies on a commission-based salary, or reliance on arbitrary bonuses – but have no fear, a simple system in place can ensure that you are able to pay the bills today, tomorrow, the next day, and the next….

I wish you all the best!