Video explainer: Monthly budgeting tool with multiple income streams

Last Updated on 4 September 2025

For years I’ve been talking about the importance for freelancers of calculating the cost of your personal life and then targeting the amount of work you need to get to cover those costs.

You can see a simple template to help with that here >

Some freelancers have contacted me to ask if there’s a version of this sheet that can cope with multiple income streams.

For example you might have a bit of freelance work but you might also want to calculate income from shift work elsewhere.

Or perhaps you do a number of different types of freelancing with different daily rates, and you want to split out all the different types of work. This helps you to work out the balance between all your types of income.

Ta dah!

So I’ve put together an updated version of the monthly budgeting sheet which has lots of income streams at the bottom which you can fiddle with.

It’s not perfect, and is necessarily more complicated. But it might be helpful for those of you who have been diversifying.

Here’s the sheet with multiple income streams >

And here’s a video explainer to explain my thinking with this:

Explainer: Budgeting sheet with multiple income streams – Click to play video >

Posted on 04 September 2025