Writing Budget for Your Fiction Writing Business!A writing budget will help your business grow in a more orderly fashion by helping provide guidance and direction for your finances that relate to your fiction book writing. A budget is a detailed spending plan for your writing so you can plan ahead and grow symetricly as your income grows over time. When just starting out with your spending plan, you probably do not have an income for your writing business. That is totally okay. You have to start somewhere. Just like any business out there, you must devote an initial investment for your business's start up capital. It doesn't really matter how much you have to devote toward your business. For instance, a hundred dollars is enough to get started. In order to help you get started with your writing business, I've created a sample writing budget to help get everything together. Your budget should be drafted for monthly tracking and yearly tracking. Once you get your monthly budget created, make a similar budget for income and spending for the entire year based on your monthly estimates. It may be easier to print out this page or type it out on your own spread sheet. TOTAL INCOME: __________ (total of all writing incomes) Income from Writing: _______ (total income from writing) TOTAL EXPENSES: ______________ (total of all expenses) Consumables: _________ (pens, paper, ink cartridges) Surplus/Deficit: __________ (Surplus is a positive amount left over after expenses are taken away from income. Deficit is a negative number after expenses are taken away from income.) Allocation of Surplus: ___________ (where you put the money left over each month - savings, checking, money market...) This is just a basic budget to show you some of the particular incomes and expenses to expect from your writing business. You can add more at any time.
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