I was intending to start budgeting, doing the "envelope method". I went to the dollar store and found this coupon holder-looks like a big wallet with different tabs so I got that instead of buying envelopes. It has been a couple weeks now and I haven't put any money yet. My problem is, I'm self employed, I sell at markets and my income varies each week. I had a good week last week, made about $1500 and paid some stuff then kept some money so i can buy new inventory(i sell perishables). As we speak, I don't have any money saved but will probably make $1000 profit over the weekend, but have apartment rent to pay this week and car registration. Then I will be broke again and I will have to wait til midweek go work again and expect to make $500 on one day I go to another market. Then rent at that market will be due. Basically I work, make some money then pay whatever bills are due and put some money aside for new inventory and that's a cycle I go through every week.
My expenses are as follow: Rent $600, smud ~$50, personal loan payment $140, phone $60, Insurance $35, cigarettes (yea i know..) $300, coffee/food ~$400, gas for personal use around $100
Work expenses: $1000 for the two markets I sell at, gas $250, misc $100
So personal expenses are around $400 a week and another $350 for work related. That's $750 I need to put aside one week to start budgeting, but i always have something to pay every week (because I haven't been budgeting so the money isn't in the "envelope". How do i break the cycle? Should I start really small and let's say put 1/3 of my weekly aside til I have enough to cover everything for a week when I have enough, or wait til I have a good week then put that $700 aside and start budgeting then?
Submitted September 29, 2018 at 12:40PM by hellas111 https://ift.tt/2NaG0aH
