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Thread: What percent do you "reinvest"?

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    Featured Member sunnie's Avatar
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    Default What percent do you "reinvest"?

    I want to be better at budgeting so I don't have to work as much.

    What percent of your income do you reinvest into the biz, i.e clothes, shoes, makeup, etc?

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    Featured Member MadisonM's Avatar
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    Default Re: What percent do you "reinvest"?

    I don't do a specific percentage. Usually I'll get one new outfit each month ($50-80) and new shoes as needed. New makeup as needed, and if I go shopping and find new colors I like, I'll get them. I don't really plan out each month how much I'll allow myself to spend on things for work- I just get them if I have some extra money.
    Take the road less traveled- just make sure you have a map.

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    God/dess scarlett_vancouver's Avatar
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    Default Re: What percent do you "reinvest"?

    As little as possible, but it's still a lot. About $1500 in costumes/outfits, and $3000 in makeup/hair/tanning/anything cosmetic. That's from last years taxes, anyways.

    Feature costumes for sale!

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    God/dess Chrissy68's Avatar
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    Default Re: What percent do you "reinvest"?

    i onyl invest in my body and look: acupuncture, massage, mani/pedicures, hairdresser and buying makeup. my outifts i *barely* replenish, unless there's something wrong with them, so i probably have 10 outfits currently. i am always looking, but i rarely buy.

    Love it!

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    Default Re: What percent do you "reinvest"?

    I seem to re-invest into the business in a myriad of ways: costumes (creation and repairs), shoes, my car, domain name registrations, business cards, and so forth.

    I always ask myself how I can make my purchases tax deductible or if I will get a decent ROI on the purchase (increase in income, etc) ?


    enter: E3167322D9 for your 10% discount

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    Default Re: What percent do you "reinvest"?

    I think the best rule of thumb is what is needed. I splurge on a personal trainer and gym fees. The most I spend per month would be 400. That includes getting my hair retouched, a new outfit, lotion, razors etc. Most of the time its less than that. When it comes down to certain items I ask myself "If I buy this is this going to make me more money?" Most of the time its uneeded.

    I have a separate savings for everything emergency and for next months bills. I put all that away and see what I have left for groceries, gas, extra hair products, and little things here and there.
    you live like an ivy vine
    you can only survive by clinging onto trees
    that's your flaw
    put down some roots so you can stand on your own
    -Kenpachi



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