Wow, let's get real, my friends! Today we're talking money. Moolah. Buckaroos. Dinero. It really IS all about the Benjamin's (and lack thereof). How did it ever come to a point where I needed to set myself a craft budget?! Sure, I can blame the late-night mindless eBay purchases, the let's kill time on insert-the-craft-company-website-of-your-choice-here mentality and Amazon's WAAAAYYYY too friendly "add to cart " button. . . But, really it all came down to one credit card bill totaling $1,147.00!
For. Craft. Supplies.
(Yes, I now realize this is appalling./disgusting/unbelievable/atrocious/unimaginable, ridiculous, etc. . . )
Clearly I am by no means an expert on setting a craft budget, hence my "beginner's guide," but, after close examination of recent credit cards statements and, well. . . let me just present my very simple math case using the following examples, for ha-ha's let's just call them "Exhibit A" and "Exhibit B:"
Exhibit A: My August expenses
Exhibit B: My July expenses
*Note: Since I run Super Stamp Girl (SSG) as a side business, I have indicated what purchases are for personal use and what is for SSG.
Now I hang my head in shame. I'm pretty sure I can hear my mother scolding me all the way from Maine right now. "Are you $%$#@$#" crazy!?" seems totally appropriate. But, I think that crazy is all relative.
Am I embarrassed? Yes. Quite. For me, putting these numbers down on paper is, at it's root, shocking. However, there was some good that came from me doing this. It allowed me to acknowledge where I was at and confirmed that I did not like what I saw. This instantly provided me
with a goal that I wanted to make positive changes.
So, it stops TODAY . . .
Well, September 1st really because I'm one of those you can't start a diet on a Thursday kinda people. . .
Step 1: Determine your goals
My goals are simple:
Step 2: Set a budget
The first step to setting a budget is to track your expenses (see above). Once you know where your money is going, you can make an educated decision about how best to allocate it. Everyone's budget scenario is very unique and personalized to them. Based upon my extreme spending I am going to give myself a budget of $250 per month for crafts. I will use this as a "roll-over budget" (in that, what I don't spend one month can roll over into the next month, or, the opposite, if I spend an excess one month, it will be deducted from the next month's budget).
Here is the simple layout I designed for my monthly craft budget:
How I plan to stick with my budget:
1. AVOID TEMPTATION:
2. DETERMINE USE:
3. WRITE IT DOWN & WAIT IT OUT
4. BE POSITIVE!
5. SET A BIGGER GOAL
Thanks for visiting! I'd love to hear if YOU have a craft budget and the pro's and con's you've experienced with one. Do you have any advice for a beginner like me?