1 - Getting Started
Think about all the different ways money comes into your household each month. You might have wages from work, a pension, or supports like Jobseeker's Allowance. Some income arrives like clockwork every month. Other income might be less predictable.
Today you'll map every source of income in your life. This gives you a clear picture of your complete Financial Reality. You'll see how stable your income is and calculate your total.
2 - Key Terms
| Term | What it means for you | Example |
|---|---|---|
| **Income sources** All the different ways money comes into your household. | You'll list every one to see your full income picture. | Wages from work, State Pension, Jobseeker's Allowance |
| **Stable income** Money that comes in the same amount at regular intervals, like every month. | Makes budgeting easier as you can count on it. | Monthly State Pension (Contributory) |
| **Irregular income** Money that varies in amount or timing, making it harder to predict. | Requires extra planning or a buffer. | — |
| **Pension** Regular payments from the State or a former employer to support you in retirement. | Often your main stable income source after work ends. | State Pension (Non-Contributory) for those who need extra support |
3 - Explore & Apply
Now you'll map your own income sources using the interactive slideshow. It walks you through common Irish income types with examples. Then you'll enter your own details to calculate your total income and assess its stability.
Start with the slideshow to see typical income sources. Then enter your real income in the tool.
4 - Think About It
Take a moment to consider these questions on your own or discuss with your facilitator:
- What surprised you about your total income or its stability?
- How might irregular income affect your monthly planning?
- Are there any income changes coming in the next year?
5 - Go Further
If you want to explore more, think about these optional challenges:
- Check your latest payment summaries or statements to refine your monthly averages.
- Visit Citizens Information to see if you qualify for any supports you missed.
- Ask about your pension forecast from your former employer or the Department of Social Protection.
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