Дневник DBUKCommunity
- 0 24.07.2023
- Дневник DBUKCommunity
Is the purchase price already taking into account that the home needs further re...
-О себе
One idea is to segregate the farm and your personal budget.
The farm is a business - Whatever and whenever income goes into the "farm" account. Based on prior year income and expense you set up a monthly draw to your personal budget. And then that's it. You should also have what is called "retained earnings" - the equivalent of a sinking fund - for the farm of say 10% - this covers equipment breakdowns and replacements eventually.
Now if in August you have to spend $2,000 on a tractor repair and you know you will have an annual shortfall because of it, someone needs to go do a side hustle and make some extra scrathch
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