Dear Loan Officer: How to Budget on a Variable Income (And Not Lose Your Mind!)

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!


About Trevor Hammond

Trevor Hammond, NMLS# 74846 Division Vice President, Neo Home Loans 📞 (503) 680-5360 📧 📍 4380 S Macadam Ave, #150, Portland, OR 97239 🌐 Connect with me on LinkedIn:
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