Example Budget for Artists

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Surda the Artist
2013 Budget
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Monthly
Annually
Notes
Income
Salary
$
Sales
Fellowships/Commissions
Yoga teacher
Teaching (groups)
Blog posts
Total Contractor Income
30% Taxes
Net Contractor Income
Total Income
$
$
$
$
$
$
$
$
$
20% Savings
$
Net Income After Savings
$
3,150
250
360
75
200
885
(266)
620
3,770
$
37,800
Net paycheck every two weeks of $1,575
$
$
$
$
$
$
$
$
3,000
4,320
900
2,400
10,620
(3,186)
7,434
Sell 1 poem per month @ $250 each
XYZ Foundation fellow stipend
Teach two classes @ $45 per week (8 per month)
Teach one class @ $75 per month
Submit four articles per month ($50 each)
$
(754) $
3,016
$
45,234
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(9,047)
36,187
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Expenses
Living Expenses:
Rent/mortgage
Car payment
Utilities (gas/electricity)
Smart phone
Student loan payment
Credit card payment
TV/Cable/Internet
Insurance
Social
Food
Total Living Expenses
$
$
$
$
$
$
$
$
$
$
$
Creative Expenses:
Books
Supplies
Classes
Total Creative Expenses
$
$
$
$
Business Expenses:
Web hosting
Promotions/advertising
Printing, computer repairs
Meetings (coffee, meals)
Memberships
Insurance
Events
Total Business Expenses
$
$
$
$
$
$
$
$
Travel Expenses:
Conferences
Transportation
Lodging
Meals
Total Travel Expenses
$
$
$
$
$
Total Expenses
$
Net Income (Loss)
$
Monthly
900
167
80
110
150
450
50
83
240
500
2,730
Annually
$
10,800
$
2,000
$
960
$
1,320
$
1,800
$
5,400
$
600
$
1,000
$
2,880
$
6,000
$
32,760
Monthly
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$60 per week
$125 per week
$
$
$
$
Annually
600
2,400
330
3,330
Average per month
Average per month
One class ($55) every other month
$
$
$
$
$
$
$
$
Annually
100
250
600
480
150
140
1,200
2,920
$200 host contract over two years
Average per year
Average per year
One per week (3 coffees @ $5, one lunch @ $25)
Average per year
Annual rate
One per month
42
33
31
23
130
$
$
$
$
$
Annually
500
400
376
280
1,556
Attend one conference per year
Travel to conference ($200) plus general ground transportation
Assume 4 nights, per diem $94 per night
Assume 5 days, per diem $56 per day
3,381
$
40,566
50
200
28
278
Monthly
8
21
50
40
13
12
100
243
Monthly
(365) $
(4,379)
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