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Thread: budgeting help

  1. #1
    Featured Member AkashaM's Avatar
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    Default budgeting help

    What are some ways of bookeeping and budgeting that work for you? I read books on money management but they dont seem to have good advice for poeple that work for themselves in a biz where the money isnt constant.

    I just bought a ledger book today, I have been writing my earnings on a wall calender because it can be viewed quickly, but need something smaller for records and taxes.

    any advice on how to budget in an organized way? what has worked for you?
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  2. #2
    Banned Melonie's Avatar
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    Default Re: budgeting help

    start with one basic thing ... add up all of your absolutely necessary expenses.

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    Featured Member Kalligirl's Avatar
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    Default Re: budgeting help

    Quote Originally Posted by Melonie View Post
    start with one basic thing ... add up all of your absolutely necessary expenses.
    I wanted to pull this back up. I was researching tips for people who budget, but do not make consistent/same pay everyday.

    I was wondering, do any of you use a percentage system?

    i.e. I'll save 50% of what I make each day, 25% goes to this loan, etc, etc.

    Does anyone have an equation to budgeting? Or you set up a budget of 'If i make 2500 per week, i'll spend 250 on whatever, etc, etc...'

  4. #4
    Banned Melonie's Avatar
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    Default Re: budgeting help

    the only percentage that is cast in stone is that 25-30-35% of all independent contractor earnings should go to paying estimated taxes ~ depending on the total annual income level of the dancer.

  5. #5
    Member OCWizard's Avatar
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    Default Re: budgeting help

    Take a look at "The Business Side of Escorting II". Although it is directed toward escorts and sensual masseuses a great deal of information would apply to dancers as well. The book can be ordered on Amazon.com.

  6. #6
    Featured Member Kalligirl's Avatar
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    Default Re: budgeting help

    Thanks !

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    Default Re: budgeting help

    I do percentages.

    1/3 I live on, 1/3 goes to student loans, and 1/3 is for retirement. At tax time, I drop all that and put money towards taxes.



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