Creating a Budget

How much money is going in and out of your life?  Most musicians have no idea.  One practical and helpful exercise is to create a budget.


 Click the link above for a budget template where you can calculate earnings and expenses for an average month.  Another great exercise, especially for students, is to try projecting these numbers as they will look in your future.  Here are a few issues to keep in mind.

  •  Don’t cheat.  Be as accurate as possible.
  • Annual expenses.  For annual expenses, divide by 12 so you have a monthly figure.
  • Variable expenses.  Some expenses, like utilities, vary from month to month.  In this case, figure the average monthly expense.
  • Categories.  Feel free to invent your own categories if necessary.  The more specific you are, the better prepared you will be to analyze your situation and make changes if need be.
  • Goal.  Your goal is for earnings to be greater than spending so money can be saved each month.  Hopefully your bottom line will be a positive number!
Related Posts with Thumbnails
Share and Enjoy:
  • email
  • Print
  • RSS
  • Facebook
  • Google Bookmarks
  • Digg
  • Technorati
  • StumbleUpon
  • Mixx
  • Blogplay
  • Yahoo! Bookmarks
  • Yahoo! Buzz

165 Responses to “Creating a Budget”

  1. Superb read, I just passed this onto a colleague who was doing a little study on that. And he actually bought me lunch because I located it for him smile So let me rephrase that: Thanks for lunch!

  2. Aw, it was an extremely good post. In concept I would like to invest writing this way moreover – spending time and actual effort to make a top notch article… but exactly what can I say… I procrastinate alot by no indicates find a way to get something accomplished.

  3. Marylin says:

    40 ° C) on February 13, 1905, near Lebanon.

    My blog – kansas city airport taxi stand – Marylin,

  4. Surprisingly! It’s as if you read my mind! You appear to know therefore considerably relating to this, just like you wrote it in it or something. We feel that you simply can do with some pictures to drive the content residence a bit, on top of that, this really is great blog. A exceptional study. I will definitely revisit once more.

  5. When I originally commented I clicked the -Notify me when new surveys are added- checkbox and from now on each time a comment is added I get four emails sticking with the same comment. Is there however you may get rid of me from that service? Thanks!

  6. Spot i’ll carry on with this write-up, I must say i think this excellent website needs far more consideration. I’ll apt to be once again to see far more, thank you for that information.

  7. Then after a really long time, a decade perhaps, you can become a captain.

  8. Noel Flynn says:

    I’m planning to start my blog soon, but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m completely confused. Any suggestions? Thanks a lot.

  9. lord ganesha says:

    Wow! Thank you! I permanently needed to write on my site something like that. Can I implement a portion of your post to my website?

  10. anonymous says:

    Wonderful Website

  11. I dugg some of you post as I thought they were extremely helpful extremely helpful

  12. My friends and I absolutely enjoy your website and find a lot of the posts to be what precisely I’m in need of. Would you offer guest writers to post content material for you? I wouldn’t mind producing a piece of text about how to watch movies online or maybe on some of the subjects you’re writing about on this website. Great page!

  13. blog says:

    Very educational

  14. Jenifer says:

    We are a full service marketing firm situated
    in Connecticut concentrating on electronic advertising consisting of seo website (Jenifer), pay-per-click project administration, web site design, e-mail marketing and social media sites marketing.

  15. You are absolutely right and I understand you. Whenever you want, we might also chat regarding more insta followers, something which fascinates me. Your site is truly amazing, cheers!

Leave a Reply

Powered by Wordpress | Designed by I Design Blogs