Financial Fridays

Ok, so my post for Friday would have been about finances. Right now we are working on our budget. This is our budget break down:
Rent: 25%
Utilities: 7%
Cars: 19% (this includes car payments, insurance, and maintenance for 2 cars)
Debt: 22%
Church: 13%
Misc.: 8%
Food: 7%
Savings: 0%
What do you think? Right now we have some debt to pay off that cannot be lowered or put off. So that's why there is no money going into the savings. We have a little cushion in our savings currently so in case of a small emergency we should be okay. This budget is only for the next 3 months, and then I will revamp it, due to a significant amount of debt being paid off, so we will be able to put money in our savings account. This budget is only based off of our base pay, when my husband works overtime, or I get money from my side gig, that money is our fun money to do whatever we want with it.

Speaking of side gigs, I am in the process of researching a profitable home business. I can't sell Mary Kay because a close relative is doing that and has already sold to all my potential clients. So if you have any ideas please let me know.

I am also trying to get things in order for my beauty supply boutique that I plan on opening in the next year or so. At this point I'm researching costs, licensing, and potential locations. Just trying to see what all I need to get together in order to make this dream of mine a reality. I want my boutique to not be like your typical beauty supply, with any and everything clammed on the shelves. Old products that are covered in dust and full of ingredients that are not good for your hair. I want a classy, sophisticated shop where the owner is knowledgeable of hair products and different hair types, and where all the products in the store are proven to be good for your hair. Due to the fact that there are new African American product lines starting u every day, I also what to showcase up and coming lines in my store. I also what to eventually expand my store to include a natural hair salon. In my area there are not may salons that cater to natural hair or women considering natural hair. To be honest, there aren't many that cater to the health of a woman's hair either.

But one of the things I have to do before I make this a reality is we have to be able to live off one income. Because you never expect a bug profit in at least the first year of starting a business. So I'm focusing on us paying off debt, downsizing where possible and having as many side gigs as possible so that the loss of my income won't hurt us.

So that's it about finances, I will update what's going on with our budget, and what steps  I am working on in my side gigs and opening my store. Let me know if you have any ideas!