| More:
Your "additional expense" could be a one-time expense or a recurring expense.
A one-time expense could be paid in full or broken into installment payments, but it won't be an ongoing long term commitment, so your "available monthly operating budget" is less important in a one-time scenario.
It's still a factor, though. For instance: How long will it take me to save up for this one time expense, or replenish the amount spent, or pay on the business credit card.
A recurring expense is a monthly commitment that you expect to pay ongoing.
It's super helpful to keep these costs low because once you start them, they can be difficult to break away from.
What it is not:
Your "additional expense" is not everything you ever hope to be able to do all lumped into one.
That can become super discouraging and overwhelming anddepressing all at once so focus on one next priority decision at a time.
How to find it:
You probably already have this number if you're asking yourself if "you can afford it", but you may not. Maybe you're asking something more vague like "Can I afford to hire a V.A.?" but you don't have a virtual assistant in mind.
If that's the case, do some research and pick the middle of the road price range for your calculations.
If you need help with that, I can help you. Hit reply and let me know what you need.
|
