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Tuesday, January 15, 2013
Expenses and Incomes...OUCH
Since today is "office day" (as officially declared by me), I thought I should do some up-dating. Tax time is just around the corner and my wonderful hubby asked me to ''sit down' and get all my sewing/quilting receipts in line'. As well as what I might have sold this year. Needless to say I wasn't thrilled with the prospect. As most of you who are fabric lovers know... we tend to buy WAY more fabric than things we sell. I mean it's hardly never that I have list of things sold and no fabric in the house to make it with. It's 99.9% of the time that I pre-buy fabric, make something, and then try to sell it. Occasionally (humm. maybe 99.0%) that I pre-buy fabric in the *hopes* of making something to sell, only to realize that I am too busy to make it then, forget about it, and buy more (oops) :-) Since I am nearing the end of my pregnancy I have felt the to need to make a LOT of those such projects. I finished 3 last week!!! Of course two of them I labeled on Etsy as 'custom' quilts. So realistically they are far from done, more in limbo. But that's ok. The fabrics have been cut and used, and what was leftover has been stashed away for a scrap quilt.
(pictured are the projects I have finished in the past 3 months. It's a lot...I'm nesting. There is a least one more that is not pictured)
What I have found is worse is that many of these fabrics I had set aside for one project, realize I want them for a second project, and HAVE to make the first (or at least cut it out) before I can even start on the second. Which creates a bit of a back log. Either way, my expenses for last year really added up. My income...well not so much. Other than the amazing miracle of sale of a really large quilt, I've mostly sold a few bags here and there. Not a lot to shout about. However they did pay off a few bills so that was nice. To be honest, though, I'm not sure where to go from here. I love to buy fabric. I enjoy making projects. But the expenses of it all far out number the incomes. I guess for now I will keep making gifts, keep posting what I can on Etsy, and hope that 2013 is the year I get more orders. If nothing else we'll have a new little one in a few weeks and I can blame any fabric purchases on 'nesting' needs...right? heheheh.
What I have found is worse is that many of these fabrics I had set aside for one project, realize I want them for a second project, and HAVE to make the first (or at least cut it out) before I can even start on the second. Which creates a bit of a back log. Either way, my expenses for last year really added up. My income...well not so much. Other than the amazing miracle of sale of a really large quilt, I've mostly sold a few bags here and there. Not a lot to shout about. However they did pay off a few bills so that was nice. To be honest, though, I'm not sure where to go from here. I love to buy fabric. I enjoy making projects. But the expenses of it all far out number the incomes. I guess for now I will keep making gifts, keep posting what I can on Etsy, and hope that 2013 is the year I get more orders. If nothing else we'll have a new little one in a few weeks and I can blame any fabric purchases on 'nesting' needs...right? heheheh.
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