What is earned from salaries or wages and other sources like bonuses, interest, dividends, housing allowance, etc.
Why It's Important
So, you may be thinking, well, duh, Tiffany. I know what income is. I make it every day! But are you maximizing your income? That's the key point here. I have learned that sometimes people have legit income issues. They can get their budget to the bare minimum and still end up in the negative. If this sounds like you, I urge you to reevaluate your income. Whether that means you need to find another job, start a business, start a side hustle, or join the gig economy. It is nearly impossible to make headway on your goals if you don't have enough income coming in.
Income looks like a variety of different things, as exhibited from the definition section. Think outside the box! I am sure you have some income to tap into that you haven't yet. Be creative!