"Your business checking account is merely a holding tank. Don't keep large amounts of money in there. When a commission check is received, put it all in the business checking account. Set up a business savings account and deposit 10% of your gross commission in there. That is your rainy day fund, dividend fund, and source for the future. You can build up a lot of funds through this method. At the same time, set up a tax savings account. Deposit 20% of every check to the tax savings account. This method guarantees you have the funds available when quarterlies are due.
Create one last account for your investments savings account and deposit 10% in that account. This account can be built up to fund your retirement accounts, 401K, simple IRA, whatever vehicle you use."
Those of us with uncertain incomes really need to budget our incomes that much more than our steady incomed counterparts. Try to follow the above rule of thumb, and see if it works for you.
Scott
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