← Homestead economics H64-01 · Module 1 of 7 · Pages: 21 · Worksheets: 7

The homestead budget

An annual homestead budget from scratch: separate money, costs and income by enterprise, cash by month, a reserve and checking the plan

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Whole series: Homestead economics, €39

The homestead budget

In short

  • Keep homestead money separate from household money: its own account, card, or at least an envelope and a notebook.
  • A budget has three parts: costs, income and a reserve. The reserve is 10–15 % of annual costs and is not spent on expansion.
  • Plan income cautiously and costs generously. In the first two or three years, treat sales income as a bonus.
  • For each enterprise, work out the gross margin: income plus the value of food for the house, minus direct costs.
  • The budget is made in December and checked every month. A plan never compared with reality is a wish.

What's inside

Chapters

  1. What a homestead budget is
  2. Keep homestead money separate
  3. Costs: list everything, including the small ones
  4. Income: cautious and honest
  5. Budget by enterprise and gross margin
  6. Money by month
  7. Reserve and risk
  8. Loans, leasing and buying on credit
  9. Example annual budget
  10. Checking: plan and actual
  11. Most common mistakes
  12. Printable checklist

Worksheets

  • Annual cost calculator
  • Income calculator
  • Gross margin by enterprise
  • Monthly cash plan
  • Money calendar
  • Plan and actual
  • One-page budget

Fields and checkboxes can be filled in with Adobe Acrobat Reader (desktop and mobile), and the calculator adds up by itself. Filling in may not work in some browsers. A print version comes with the screen PDF.

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