Hello and welcome! This weeks informational topic is "Budgeting and Money through cosplay" so this topic is a small part of the large topic... let's get into it!
Video:
Here are three step-by-step instructions on how to maintain a budget over multiple cosplay projects:
Step 1: Track Expenses and Create a Budget Plan
1. Set up a budget spreadsheet: Create a spreadsheet to track income, expenses, and savings. This is best through Excel! How much are you wanting to make roughly for the amount you need to spend?
2. Identify budget categories: Categorize expenses into sections like materials, tools, travel, and accommodations. Don't forget to add some more to those costs just incase! Example: Travel= Plane Ticket $456 + $50 (for baggage or any emergencies)
3. Establish budget limits: Set realistic budget limits for each category and project. Don't go too crazy with the hotel or the amount! Be reasonable.
Step 2: Prioritize and Allocate Funds
1. Prioritize projects: Rank cosplay projects based on importance, deadlines, and budget requirements. What cosplays need to be done right away and which ones can be pushed aside for now?
2. Allocate funds: Assign specific budget amounts to each project based on priority and needs. Each project is going to have more or less in the budget than others! No project is the same.
3. Consider a "miscellaneous" fund: Set aside a small amount for unexpected expenses or emergencies. Maybe your sewing machine just broke, or you accidentally didn't measure your fabric correctly and need more!
Step 3: Monitor and Adjust Budget as Needed
1. Regularly review budget progress: Track expenses and compare them to budget limits. If you are not making as much as you need, you may b=need to change your budget!
2. Adjust budget allocations: Reassign funds between projects or categories based on changing priorities or needs.
3. Plan for future projects: Continuously review and update your budget plan to ensure it aligns with future cosplay projects and expenses.
By following these steps, you'll be able to maintain a budget across multiple cosplay projects and make the most of your resources.
