Spending Plans for Massage Therapists
The concept of creating spending plans for massage therapists is
different from creating a budget.
A spending plan will track your
income and expenses but also will keep you motivated to earn enough to take
vacations, time off, save for emergencies and retirement. When you
stop thinking of it as a budget and something that you need to be always
cutting back on you can start to focus on the bigger picture and increasing
your earning potential.
It is also about living within your means. When you create a
spending plan you can track how you are doing each month and adjust
accordingly. It will also help you in knowing each month if you are
going to be OK or figuring out how to make it OK and within your means.
Having that knowledge can be a relief so that you can focus on what you do
best - doing massage and helping people.
The basic spending plan will
track all income and all expenses including taking a monthly draw to your
personal accounts. It will include taking money out each week for self
employment quarterly taxes and also saving some each week. It will
tell you how much more marketing or networking you need to do and how many
clients you will need specifically to make your spending plan work. It
really is just a simple math problem and has nothing to do with your ability
or inability to make it work. Once you realize that more things will
come together for you. Money is just money.
Set your policies around money
