Budgeting Question

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    • #250964

      Hi! This is my first post to the group – although I’ve been lurking

      for a while. 🙂 I have a budgeting question and would welcome any

      ideas or suggestions.

      I took a Crown Financial class at my church, listen to Dave Ramsey

      regularly, and have been working a budget for a little over 2 years.

      I’m currently on Step #2 – paying off credit cards and saving up 1

      month’s living expenses. I have every dollar accounted for in my

      budget (I’m a single mom – no child support – long, long story but

      needless to say I will not be receiving any child support). Anyway, I

      want to start my own business and want to know how to figure that into

      my budget, or if it is supposed to fit at all. My start up cost would

      be minimal – I have most everything except for the storefront. Then I

      suppose I would need to save up about 3 months worth of operating

      expenses (about $2-$3K per month). But I need to know how to figure

      this into my already tight budget – my budget is so tight now I don’t

      see how to I could possibly save any money for this expense. I’ve made

      all the cuts I can.

      Then what to do once the business is started – either hire someone to

      work during the day while I work my full time 9 to 5 job, or quit my

      “safe” job to follow my dream.

      Thanks in advance for your help and advice!

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