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Tentative Plans

May 31st, 2007 at 10:15 am

So I'm looking at my New Year's resolutions and realizing that the year's nearly half-over. I'm still 20 lbs heavier than what I planned to be by this time, I still haven't won the Oscar, climbed the mountaintop or had a marathon kissing session with Jake Gyllenhaal. I gotta work on that last part, really.

In any case, it's time for me to recrunch the numbers and look at my financial goals.

At my current rate of spending, including saving for an emergency fund and also a freedom account, I'm coming in slightly under budget, with a nominal amount that I can use for snowflaking. This is entirely from my job at the Forum (the day gig.)

Although I have the opportunity (for which I am eternally grateful) to spend some extra hours at the Souk, I'm really trying to transition away from that -- apprenticing at the Guild really takes up a lot of my time. And since I don't want to be an apprentice forever, I need to really focus my attention on doing a good job now.

So the long-term plan is to replace the time I spend wenching with something more in line with my guildwork. Wenching, though fun, isn't exactly something I can put on my resume. Ideally, I would intern at the Guild, but I can't afford to quit the day job.

Also, the second income from the Souk was really helpful in paying down some of my debt. So the other long term plan is to find some way to use my knowledge from the Guild to make a little extra $$. This summer is supposed to be used to get that started. I don't need to make a lot of $$, and I don't expect any side gig to be self-supporting, but if it can help pay the Brass Knuckle Crew from a date with my kneecaps, then I'm doing all right.

However, in the short term, I need to raise some capital, fast. I've been asked to put in some extra hours at the Souk, and I've been reluctant to agree to this: once the time's committed, it can't easily be revoked. But I'll be moving, and I need money for that. So I'm looking at the perfect mathmatical balance between hours worked, money earned and progression on goals.

This is what I came up with:

Working for one more summer and a Christmas at the Souk will give me the money I'd need to do one of the following:

1. Pay off two bills early (by about 5 months)
2. Complete the Emergency Fund

The cons are that it'll be at the expense of using this summer to break ground for next summer's goal (freelance guild work).

I'm not quite sure how I feel about either situation, so June is earmarked for decisions and revisions, and a few late nights with the calculator and the mirror: what should I do, and what am I likely to actually do?

But so far, there's been a stepwise progression ahead, which is great.

1 Responses to “Tentative Plans”

  1. Bookie Says:

    Glad to see you posting again.

    Good luck with the balancing act -- present needs vs. future aspirations. Sorting priorities is never easy, but you seem to have a good grasp of the trade-offs.

    Best wishes.

    Smile

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