Its common for dual-income couples to use one partners earnings as discretionary.
Its an easy option for budgeting, but if youre not careful, it could also lead to overspending.
This budgeting tactic might be even more common when one partner is a freelancer.
Freelancing usually means you deal with an income that varies.
Its easier to use the steady income toward important expenses and the variable income toward everything else.
Of course, every couple is different, and this might not apply to your situation.
But its something to keep in mind, because the danger to overspend here seems subtle.
It might be more than you realize.
To read more about this topic, head to the link below.
How to Plan Finances when One Spouse Freelances| Wall Street Journal
Photo byRussell James Smith.
