Tips
Be a smart webcam girl, learn to save
When you start in webcam modeling some models can get dazzled by the earnings from their work. Expenses on clothing, footwear, beauty, accessories and high-end phones may be taken for granted, however it is important to keep your feet on the ground and consider saving.
Many models start modeling with the conviction of buying a house, a car, pay for their studies and having a better quality of life, as well as financial amenities, so setting goals and establish savings plans will be the right choice if you want reach your goals soon, so today we show you how you could make your savings plan.
First things first, we must set priorities and goals:
If your priority is to pay rent and food, you must calculate the basic expenses amount, which would be for food/lodging/transportation, also calculate resources costs you require monthly for the webcam work such as: lingerie/accessories/manicure/beauty. These could be defined as monthly expenses (example: $685).
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Once you have calculated these monthly expenses, you must consider the profits obtained from your work, and you subtract the expenses. This will result in your net profit.
Once this first stage is done, we present six steps to make your savings plan:
- Define your savings goals: these should be the reasons why you want to save money such as buy a house, or maybe a car.
- Calculate the time you want to achieve this goal in months: be aware how much you earn and how much you spend.
- Define your goals cost: how much does the house or car you want to purchase cost?
- Calculate how much you should save each month to achieve your goals by dividing the total cost of the house or car by the number of months you set.
- Compare your budget: to know if it is possible do that savings or you need a longer time to achieve it.
- Assign a priority to your goal: this means give the urgency and importance that each of your purposes has.
Example: Your goal is to buy a brand new car.
Your goal is to buy a luxury car of the year.
The goal you want to achieve it in 10 months, because you want comfortable payments.
Suppose the car you want to buy costs $20,570, as seen on websites or in car dealerships.
To achieve this goal, you must save $2057 per month. Cost of the car $20,570 / time to achieve the goal, in this case are 10 months.
Read also: Working as a webcam: is it better from home or from a studio?
Analyzing your monthly budget, you must also add a specific luxuries expenses amount like: meals, outings, entertainment and recreation. After the monthly expenses and the saving quota for the vehicle you could continue to more than $2.400 income, you can also save for traveling, or for some other project.
Having an elaborate plan of work and savings will allow you to reach your goals in certain periods, so it will be very important for you to respect the quotas assigned, as well as the monthly budget that you’ve planned.
