My boss has agreed that I will be the studio manager 2 days a week (rather than the 1 day I do now) and the apprentice for the other 5. This equates to £150 a week, so 600 per month.
While living at home I can keep my costs way down, and hopefully be able to be comfortable enough.
I plan to also substitute this with Illustration work, selling prints and products to go into savings (or be spent on gin) which will allow me to purchase machines and equipment when required.
I print my work at home, and worked out that if I sell 1x A4 print at £10, it will buy me 50 more sheets of archival matte paper, the cost of ink is 3x A4 prints at £10, so 4 prints will provide me money to potentially make 50 more, which may not happen but it's a little reassurance.
There are some factors that will change, my car insurance is currently £60 a month, but may go up when it runs out in a couple of months due to paying of a large sum when I first purchased it, driving the monthly cost down. My scooter costs peanuts to keep, the biggest expense being petrol, so it's something I would like to keep but can be sold if impossible to do so, however £7 a week in the summer months against bus fares and parking costs means it would be useful and cost effective to keep.
The car is a luxury but allows me access to the farm where I keep my horse, and the horse is a necessity to keep me sane. I need to speak to my parents fully about this budget, but I think if it goes to plan then I will be completely fine.
|
Expense
|
Per Week (£)
|
Per Month (£)
|
|
Car Insurance
|
15
|
60
|
|
Petrol
|
10
|
40
|
|
Maya (My Horse)
|
20
|
80
|
|
Board
|
12.50
|
50
|
|
Scooter (may be sold)
|
7
|
28
|
|
Total
|
64.5
|
258
|
|
Extra
|
85.5
|
342
|
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