How to Budget on an Actor’s Income

I’ve heard everyone from freshly unemployed college grads to long-time Broadway veterans bemoan the challenge that is budgeting on an actor’s income. 
Whether you’ve grown accustomed to getting by on shoestring savings or a cushy six-figure salary, knowing that days of zero earnings are always just one closing notice or contract end away is enough to induce perpetual anxiety.
The beautiful thing about financial planning is that it can serve to quell the angst that accompanies impending unemployment and fluctuating income, empowering artists and individuals rather than serving as a source of stress. To successfully budget on an actor’s income, those with ever-changing earnings can start by getting grounded in the numbers.
The Make-or-Break NumberHow much does is cost to run You, Inc.? This is not the time to be abstract or make estimations. Spend a month or two tracking every penny you spend. Then take a look back at the numbers and strip away the extras, the discretionary expenses unessential to your ability live and work normally—vacations, drinks, dinners out, etc. 
Things like your Internet and cellphone bills should be included for the purposes of maintaining your business, but

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