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Wednesday, July 25, 2012

The Business of Art- Little Expenses



“Beware of little expenses: A small leak will sink a great ship.” - 
Benjamin Franklin


If you are just starting out as an artist, it is important to remember that it
is only a hobby at this stage. This has become an expression of yourself in a very creative form but also another expense.

I completely understand walking into an arts and craft store and being able to spend hours thinking about all of the combinations of colors, brushes, paper, paints and every other tool available but I would not suggest trying everything at once. Start off with one type of paint at a time and really get to know the medium. As you develop yourself as an artist it will become easier to find your niche and work into a routine. This routine will make it easier to plan for future expenses. 

Make creating your artwork into a monthly expense for your family budget. At this stage you are creating at a much faster pace than you are able to sell. It is very important for you to stick to your budget and only spend what you have set aside for your artwork. This practice should extend past the beginning stages of art creation and into your art career so you can easily track the cost of your art when creating a price.
An easy way to track these expenses is in an excel spreadsheet. Excel is a wonderful tool for creating a budget no mater the size of the project. Below is a link on how to start a budget in excel.


Click Here to get started on an excel budget

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