I hope your buisness starts picking up income again although I'm so glad to see you started your buisness! (For clarification a few days ago I started watching ur vids from around 2 years ago up until now so I could see you progress and learn about budgeting)
1 year ago
| 2
Thankyou for sharing I need to learn to budget like this
1 year ago
| 0
TaylorBudgets
Let’s go over my 2nd pay in July ‼️
First off, book is from @theelevatedlifeco
Okay now… it was in the 2nd week that I realized I needed to pull from my savings to take care of bills. As a full time entrepreneur, most of my income comes from my online shop, and in the last few months, income from my shop has decreased.
It’s been more difficult to use my weekly earnings (I pay myself from my business every Friday) to pay my bills, BUT GOD 🙌🏾
I’m just so happy that I always have savings sitting in an account in a “hold” because you never know when you will need it.
I decided to pull out what I needed to fully fund all of my bills for August. 👏🏾
I am one month ahead on bills, so I am always saving up for next month’s bills in the month that I’m in…meaning for the month of July, I am setting aside money every week to go towards my August bills.
My bills for the month of August total to $4430. That includes personal & business bills. I decided to also use some savings to set aside money for my annual Amazon Prime membership for $75 due in January, and my gym membership which is $40/3 months.
Of course, I pay my tithes from what I earned in the week ($546) so that was $55.
Total fixed expenses came out to $4600.
Next was my daily expenses for $240. That’s for a week of spending.
Lastly, I contributed to 2 savings challenges, and used some of the savings I pulled from to also contribute to some important sinking funds…Christmas ($500), Pre-K stuff ($100), and Travel ($100). Lauryn is starting school in a month so I wanted to put money away for whatever her school requires. I have a trip next month that’s paid for, but wanted to have some spending money. Lastly, I haven’t started saving for Christmas yet, so I wanted to start it off nice.
& that’s my budget 👍🏾
1 year ago | [YT] | 190