Olsen monthly budget Sept 2015
Oh, hey there…
Here’s our budget for Sept 2015.
Discussion points below.
|ALL debt from debt sheet||453|
|TV / Internet||120|
|Car repair / oil||200|
|Subtract Total Spending from Total Income||659.59|
After 5 months of failing to do a budget (and spending more than we were making) it feels SOOOOOO good to be heading in the right direction again.
Three months of budgeting and three months of positive net worth gain. Go figure!
We had a good August (and should have a good September) on both sides of the equation.
- Income is going up: Carrie continues to take the voice over world by storm. She gets hired almost every day. She had two big wins recently plus lots of small and medium wins that add up to a lot of money. She will receive around 6k in earnings in Sept alone! Carrie is also launching a new part of her business to teach other people how to get into voice acting. This part of her business has just as much potential as the actual voice acting. Check it out if you are interested! Carrie Olsen Voice Over Guide. Lot’s more coming from Carrie’s VO business in the next couple of months. She has a few big events coming up that will put a really big spot light on her and her business. And the best part is she LOVES IT!
- Expenses remain low: August was a rock bottom month for spending. We only spent $2191.29 TOTAL! That’s pretty damn good. We will spend a lot more in Sept (budgeted to spend $4340.41) but we will still earn more than we spend, so it’s all good.
Each month is so different. Our income bounces around like crazy. August income was $2113.17 and Sept will be over $5,000. It’s crazy to have your income double and then get cut in half so often. It’s almost like we get paid every OTHER MONTH. I mean really, that’s crazy!
It makes budgeting feel a little less helpful, but in reality it makes budgeting MORE important. And because our income has been so irregular for almost a year now I’m starting to get used to it. The good part is it forces us to spend as little as possible every month no matter what, so in the long run it should actually make us stronger.
For now we are back to paying only the minimum on all of our debts. And even though me make progress each month it’s much slower than I would like. We plan to open a separate savings account with $5,000 for an emergency only fund. We need a bigger than normal e-fund because of our crazy irregular income. Then we will start aggressively attacking our debt again.
Everything looks pretty good moving forward.
We have really good control on our spending. When our income goes up it makes everything easier.
We have chosen to go down this crazy entrepreneurial path so that we can be in control of our income and make as much as we want. Obviously if we can start making 10k or more each month we can be debt free in less than a year.
10k (or more!) a month is actually within reach. Carrie is bringing in at least 6k this month and with just a few more good jobs she could easily bring in 7k (or more!).
Derek&Carrie.com and our books and articles are starting to make a little more $$$ too.
What about you? What’s good? What are you struggling with? What’s the future look like?
-Derek, Carrie, Amelie