Now I don’t know where you live, but in my neck of the woods
We have three new taxes on basic things, increase in what we have to pay for our portion in regards to medical coverage (yes, I know I live in Canada, the country with the free medical care.. Yes and NO on that one) A increase in what we have to pay for CCP. A new carbon tax and a continued increase power costs that are out of control.. (truly for my country, despite not living in the north and our province under-selling our extra power for pennies on the dollar)
Throw in the fact that everything has gone up in cost.. from seeds for the garden, to feed costs, to hay costs, to wood costs and food costs..
The bottom line.. Nothing is going to cost us less and everything will cost us more.. the little magic program says that the new carbon tax and other new tax’s should cost my family around 5 grand.. We will see..
I am pulling in tight on our budget this year.. There are Four reasons for this..
One- we are going to be paying out more per pay day.. and that’s a fact..
Two- I have a few things I really want to do this year and we need to have the fund required to do so.. these would including some bucket list things, a kickin week long camping trip and a number of day trips to new provincial parks. If you want something enough.. you do what you need to do to make it happen!
Three- Reno’s.. we have things that need to done in 2017 on the farm.. I need that extra saved money to be put into hard ware and paid skill set.. Its a upkeep year on the farm..
Four- I need to redo my pastures, which means I also need to pay to feed hay all year long as I keep the critters off the pastures, other then for fast push them though grazing with hot lines for the sheep or goats only.. I have a issue with white clover and I am going to need their help on it 🙂
I am running a number of budgets for different projects. On a few of them, I will do a post or two and see how close I get!
So what about you? How is your budget looking? Up in the air.. started at least, going to be a good year, had a increase income (hey, it happens) a reduction in income or a unknown.
Unknown because weather, and people factors are all at play, and you are self-employed or you have a base line from one person but are not sure about other extra’s that might or might not come in..
And here is the big one.. how much are you counting on your garden, your farm or your hunting or fishing, or foraging to cover for you..
I am going to big this year.. I want my wee farm to produce enough that “if” I had to buy it locally at equal value that we would need to pay out a min 20,000 and max 30,000 to do so..