<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Planning the July and August Budgets with Projected Payoff Amounts
 

Planning the July and August Budgets with Projected Payoff Amounts

July 1st, 2018 at 08:05 pm

So I've been playing with my July and August budget spreadsheets and I think we will be able to pay off $2500 in July if the 15 hours of OT a week continues, which DH's work says it will. Then projecting ahead to August, if he gets the full month at 15 hours of OT a week, we should be able to pay off an additional $3500. It is more than July because there are five paydays in August.

It'd be about $600 more, but I am setting $300 a month aside for buying beef and I will also need to put a deposit down on two pasture raised turkeys around late September. I want to buy a half a steer in about 4 months' time. I don't think I will buy a hog this year. I think I will just buy what I need monthly from the ranch this year for pork, which is 8 packages of bacon, 4 packages of pork chops (they contain 2 chops each), a pork roast and 2 packages of ground pork.

I should get a paycheck from Youtube/Google this month. It won't be all that much, but it goes into savings. I am going to invest in a larger tripod for making vids. Right now I only have one that goes three feet and some of the stuff I do for my channel would benefit from one that is at least five feet tall. I'm also thinking about getting a table top tripod for my phone since I do use it sometimes when I am making cooking videos. I should still have a small profit be year's end after expenses. If I ever earn enough, I'd like to get better photo editing software as well.

I can go two more years claiming that as hobby income, but after that I will have to start pre-paying taxes on it as I understand it. Right now we claim it as hobby income and they just take whatever taxes it may have out of our refund. After 3 years they consider it a viable business, even though it still is really just a hobby.

I will be doing more cooking videos though which should increase channel traffic and thus income. Some are Instant Pot and some are regular. If you'd like to see my recent ones:

Homemade Tzatziki Sauce: https://www.youtube.com/watch?v=XyvHtZtzuNg

Homemade pita bread: https://www.youtube.com/watch?v=izcJlgkofPI

Instant Pot Chicken Shwarama: https://www.youtube.com/watch?v=KCR5LeRu4pY

All three recipes were used together by spreading the Tzatziki on the pita bread and piling on the chicken shawarma. It turned out really well.

0 Responses to “Planning the July and August Budgets with Projected Payoff Amounts”

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]