How to deal on Letting Go of your Salary to become an Artist
When both partners work, financial resources are most likely to be steady. When both partners work and handle their day-to-day expense independently of the other (meals, entertainment, clothing), there is a lot of freedom.
What happens when you rely exclusively on your partner for everyday pocket loan and other expenditures?
Letting Your Salary Go to become an Artist is challenging!
I made my cash; and if I want to have a new purse, it was not a problem. We had the expenses paid, and I had total freedom with the rest of my income. It was terrific. However, when I left my traditional job to start my full-time art profession, I had to work with his, now our cash, for everything.
This took some getting used to. I learned how to separate needs from wants, depending on another person and be completely transparent with my money– in fact, we both needed to.
Before you leap, set things straight:
– Make a budget plan.
Record whatever you invest, credit, whatever. Then take a look at precisely what you can continue to pay for on one earnings, and for how long.
– Consider the expense of art.
Write what you buy and what it cost to create your art. It’s overhead, however for a while, your partner might be covering that cost. It has to be in the family budget.
– Keep the time clock rolling. Only because you have 24 hours to devote to your art does not imply you should. Household time, individual time and time with your spouse should be protected. If you are accustomed to having supper every day as a family, will that change? How does your family feel about that?
– Set Priorities. Now that you do not report to an office, does your partner anticipate you to choose up more tasks and errands around your house? Talk about with your partner, and set clear expectations about time management: when you will work when you help around the home.
Making Ends Meet
When you are entirely sincere about your finances, you don’t need to think when you will run low on funds. You will understand.
Beyond getting rid of a lot of unnecessary stress, knowing your long-lasting monetary timeline allows you to prepare, rather than respond. How long are you both comfy relying on one income? If that date gets here and the art has not contributed to the financial resources, and what is the next move?
In the end: Go for it! But before you do, be truthful and open with your family about the finances and time expectations. Having everyone on board with realities will make this an incredible and, hopefully, not too difficult time in your art journey. Onward, artists!