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We are in much the same situation as you, financially.
Though we do not have a base salary. Just an earn it when you can.

We handle it by owing noone (save our mortgage) and we've decreased that by 50% in our first six months of ownership. We do tend to live by a budget, my husband puts X amount of dollars into my account for the household. We put our large sums in a money-market as a backup for those down times. Plus we invest what we feel is excess income into our SEP or into our Datek.

Sometimes we hit it right on the money, sometimes it's tough. Lack of contracts in the 4th quarter of 99 have made the onset of 2000 looking grim, with lots due in taxes soon. We will liquidate some stocks (only ones held over a year) if absolutely necessary.

For the last 3 months, we've cut our budget significantly and put less into equipment for our upcoming studio.

Basically, we just review our spending and make cuts where needed each month. Not scientific, but so far it's working for us. Hope I didn't ramble too much.

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