Ads

Collapse

Announcement

Collapse
No announcement yet.

How can I have spent so much!!

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • How can I have spent so much!!

    Im trawling through my yucky receipts (about 3 years worth)to deal with my self assesment form(which I am about to register online for, dreading that too)and I cant believe I have spent so much.
    Im trying to work out what beads went into what necklace, some were muck about beads/fillers, I seem to have umpteen chains but hardly any used on the goodies on my site.Yes I have a fair bit left in stock, looking unappealing and not inspirational but Im finding it really hard to come to terms with how much Ive spent and Ive not got much to show for it.

    Just had to rant....rant over.

    Im doing things differently this year, writing next to the beads what necklace it is going towards etc.
    https://folksy.com/shops/GrimmExhibition


    http://poisonedapplecraftuk.blogspot.co.uk/

    Poisoned Apple Theatre - Handmade Crafts on Facebook

  • #2
    I finally went through my Paypal history to find out how much I'd spent. It ran to several pages but didn't seem too bad until I added up each page, then added it all together! Argh! Fortunately I've had a few good events lately and am now starting to have some money to show for it rather than being out of pocket. I know I said I never expected to make money (it's purely a hobby) but it's amazing how much you can SPEND!!!!
    www.jennynevedesigns.co.uk

    http://www.facebook.com/group.php?gi...9043479?ref=mf

    Comment


    • #3
      About a year ago I made it out to be £3,000 over about 3 years as a hobby!!!!
      So Ive tried to whittle down what i havnt used in business, hopefully thatl make the outcome a bit better.
      Business has recently been better for me too but now way enough to justify what Ive spent.

      Just registered with hmrc, wasnt too bad, thankfully they sent a leaflet explaining how to do it which was very helpful.Got to wait for my pin number now.
      https://folksy.com/shops/GrimmExhibition


      http://poisonedapplecraftuk.blogspot.co.uk/

      Poisoned Apple Theatre - Handmade Crafts on Facebook

      Comment


      • #4
        Sorry to hear that you have spent so much - I know it always comes as a bit of a shock when we see all of the recepeits and work things out ((hugs))!

        I am fairly new to crafting - have been making cards for about a year now and I have spent SO much already!!! I try and buy some kits that look really nice but are cheap but I often find that the card isn't very thick or stable so have to go and buy some other cards stock etc.

        I have just started making Scrapbooks and absolutely love it but it can be so expensive at times - sometimes a scrapbook is about £30 on it's own and then you have to buy all of the backing papers etc.

        I think the only downside to crafting is the prices. If it wasn't so expensive, everything would be fine!

        Comment


        • #5
          At least there's a chance that you might get some of the money "back" as it were and if you're anything like me then you probably would still have spent the same on your goodies.

          I registered with hmrc last year. I filled the form in in pencil when I got it and then copied the answers onto the online form, that way I could check I'd done it right and have a copy at the same time.

          If this is the first time you're completing self-assessment I'd also look into booking onto one of the free sessions that hmrc run. I went along and it was very useful plus it was a chance to network with the other self-employed folk on the course.
          Sara

          For papercrafting and stamping ideas and tips please visit my blog

          Comment


          • #6
            Thanks one and all.

            Luckily my dad is good at these forms so he has helped me out tonnes.


            Heres an example.Ive just spent another £14+ on goodies, they are alocated for certain designs but doesnt mean people will want to buy them.Oh well, Il just forget my worries but getting drunk on brandy butter ver Christmas.
            https://folksy.com/shops/GrimmExhibition


            http://poisonedapplecraftuk.blogspot.co.uk/

            Poisoned Apple Theatre - Handmade Crafts on Facebook

            Comment


            • #7
              Originally posted by Seahorse View Post
              About a year ago I made it out to be £3,000 over about 3 years as a hobby!!!!
              So Ive tried to whittle down what i havnt used in business, hopefully thatl make the outcome a bit better.
              Business has recently been better for me too but now way enough to justify what Ive spent.

              Just registered with hmrc, wasnt too bad, thankfully they sent a leaflet explaining how to do it which was very helpful.Got to wait for my pin number now.
              I would have been happy with this amount I have spent considerably more since the start in 2003, still I can now have fun using up all my stock of beautiful fabrics. lace and beads.

              Comment


              • #8
                I find it best not to count - otherwise I'd be lying down in a darkened room (as I could've bought a camper van with it all, lol). I also have never added up our yearly food bill as I'd need two darkened rooms
                Nic x
                **FREE to enter monthly draw on my BLOGS**
                Different prize every month
                Jewellery Creations & Shop Blog
                PMC & Silver Clay Hints and Tips Blog

                Comment


                • #9
                  £21000 since April 5th and riseing fast, thats not including Pay Pal purchaces, dont download that till april 2009

                  And auntynet still keeps saying "we need" and shes right, which must mean that we are selling what we make

                  Comment


                  • #10
                    Not a business for me this time round but yep over spent in the last year so new years resolution is to recycle and use up what l have as much as possible...fingers crossed l can keep this NY Resoution....it will be a 1st if l do though!...lol
                    http://8thofthe8thofthe8th.blogspot.com/ new for 2012

                    http://shroshirescrappersuz.blogspot.com/ 2009-2011

                    Comment


                    • #11
                      Urbtaf and Auntynet mine is about the same as yours but this is in 5 years, less sold goods, so this makes me feel better.

                      I agree with Auntynet we just neeeed!!!! all these things, they will come in useful one day, honest.

                      Comment


                      • #12
                        I only buy what I need to make each order, which is not much fun, but at least I keep the expenses down.
                        After the new year I plan to spend a little more on new designs, and things for myself too - I miss crafting for me
                        My Website www.rheadesigns.co.uk

                        My Facebook Page: http://www.facebook.com/pages/Dumfri...4443824?ref=ts

                        My Blog
                        http://rheadesigns.blogspot.com/

                        Comment


                        • #13
                          How about this as an example fo me going metal.

                          I ordered a few things the other day and theyve just turned up.I meant to order 3 of something and turns out I ordered 6!!I didnt notice even when the total was shown as I was paying and the price would have been higher than I was expecting!!
                          https://folksy.com/shops/GrimmExhibition


                          http://poisonedapplecraftuk.blogspot.co.uk/

                          Poisoned Apple Theatre - Handmade Crafts on Facebook

                          Comment


                          • #14
                            I'm self employed on my main job too and doing my tax returns used to be a pain untill I learned to do spread sheets, Each month I started a new sheet, each week put in what I spent and what I'd earned keeps it all up together, I've never been asked what materials were for what job, I'd never have been able to keep records like that most of the time if I bought materials for a specific job it would have a job reference but buying bulk lots of things that spread over several jobs would just get put under stock I have not started doing that with my jewellery yet as it is a hobby, this year I got away with no tax return being on the sick for 14 months now (seems like forever), going to college in feb hope to retrain so I can get back to work

                            Comment

                            Working...
                            X