I got my first freelance check from the project I am working on. Yay! $950. Here's the thing: it is tax free. So, I need to start saving for my taxes next year. I will most likely have to pay. However, I need this money to live on right now, so that saving will have to wait until I am working full time and building my EF back up again.
In the meantime, I am taking 10% of this check and putting it in my House Fund. I am also going to replace the $90 or so I needed to take out last week to cover a bill. I can pull it back out again if I need to, but since I was planning on tis check being $750 instead of $950, I think I can spare it.
Old House Fund Balance: $155.70
10% of Freelance check: $95.00
Replacing money: $89.40
----------------------------------
New House Fund Balance: $340.10
And on a side note, found 26 cents when I was out today (1 penny and 1 quarter). New Pennies on the Sidewalk total: $1.65
Freelance check!
July 28th, 2008 at 10:19 pm
July 28th, 2008 at 10:26 pm 1217280360
July 29th, 2008 at 03:52 am 1217299960