Creative skills

Personal survival budget

Very few businesses make much money in the first year.  The form below will help you work out how much you and your family need to survive over the first 12 months.

 

Estimated Expenditure per year

           £

Mortgage/rent

 

Council tax, water rates

 

Gas, electricity, oil

 

All personal and property insurance

 

Food, general housekeeping expenses

 

Clothing

 

Telephone and/or mobile

 

Internet

 

Entertainment (meals, drink etc) and holiday

 

Subscriptions to associations, journals etc

 

Car Tax and insurance

 

Car running expenses (incl. fuel)

 

Car service and maintenance

 

Children’s expenditure and presents

 

Savings plans

 

Loan repayments

 

Other (please state)

 

 

 

 

 

 

 

Expenditure in the year

Sub total (a)

 

 

 

Estimated non businesses income

 

Income earned by spouse or partner

 

Other income (please state) eg part-time job

 

 

 

Total non business annual income

Sub total (b)

 

Total Survival Income required in the year from your business i.e. sub total (a) less sub total (b)

 

 

Note: If your estimated income for the year (from sources other than your new business) exceeds your estimated expenditure for the year, you should decide how much you can invest in the new business.

 Download this table as a Word document