Level Money Blog TIP: How to Track "Income" when you aren't Getting Paid

If you're working as an unpaid intern, you don't need us to tell you that it's difficult to stretch a paycheck that doesn't exist. And while internships can be an essential step towards full-time employment, trying to make your work-study earnings last for three months can be super stressful.That's why many students who work as unpaid interns do so because they're able to find alternative sources of cash. Whether it's internship grant funding from their college, generous support from their parents, or a flexible side gig they can pick up on nights or weekends, they have a regular source of "income." It can be hard to budget around unusual or fluctuating income streams, but it's a good idea to track any inbound funds you have that are available for spending - even if they aren't from a traditional salary or hourly wage.The Level Money℠ app makes it easy to account for many types of incoming money when helping you determine what is safe to spend. Simply open up the app's Financial Feed homepage and scroll through your recent transactions. Tap on each relevant transaction (money transferred from mom and dad, the grant deposit made at the beginning of the summer, etc.) and change the "type" to income.It's important to correctly label your income so that the app can calculate your Monthly Spendable - the number that tells you how much you can spend on non-essentials after your bills are paid. Accurate income information also helps the app make informed predictions about what your bank balance will be at the end of the month.Level Money℠ powered by Capital One®The compensated opinions expressed by the author at or through this blog are the opinions of the individual author, and may not reflect the opinions of any other person, legal entity or corporation. The author's opinions are not to be interpreted or held accountable as financial advice or recommendations.