My good idea for the new year.

**TheScrapTeen618** · 02-09-2014, 07:07 PM

Originally Posted by billygoat

That's a good idea, keeping track of income. But don't forget to also keep track of expenses as well.

If you can afford it, always fill up the tank so you can keep track of your running MPG. Record your mileage and figure out what you are spending in gas so you can list that as an expense also. It can also let you know if curb shopping is profitable or not.

The notebook isn't a bad idea, but I prefer to use Quicken. I got lucky and was able to get an older version (2003) for free through Craigslist. It's much easier and reports are a snap.

Oh- Don't forget to leave yourself time to do your homework. Just saying.

I don't record expenses, because I would probably cry about how much money I spend in gas. I should have started doing it, but didn't. There's always next year I guess. I have a whole lot more money to make in this business lol. And as far as school goes I do all my home work at school , then come home and get to my scrap life.

**newattitude** · 02-10-2014, 09:00 PM

Originally Posted by TheScrapTeen618

I don't record expenses, because I would probably cry about how much money I spend in gas. I should have started doing it, but didn't. There's always next year I guess. I have a whole lot more money to make in this business lol. And as far as school goes I do all my home work at school , then come home and get to my scrap life.

I remember reading this thread when it went up but never commented, must have been busy but, hello and welcome and nice to meet you! You are younger than my youngest and sound like you have a great work ethic!

You should keep track of your expenses for tax time, you can claim them against your income

**TheScrapTeen618** · 02-11-2014, 06:09 PM

Originally Posted by newattitude

I remember reading this thread when it went up but never commented, must have been busy but, hello and welcome and nice to meet you! You are younger than my youngest and sound like you have a great work ethic!

You should keep track of your expenses for tax time, you can claim them against your income

I might try to start keeping track of expenses once I start making better cash when it warms up. But yeah, my work ethic is pretty good. The way I look at it is that if you want something , you've got to go out and get it. I have always had the opportunities to have things handed to me, but I feel that it's not right. If you work for something you appreciate it more, and learn to value a dollar. Kids these days don't look at things like I do, and expect every thing just to be given to them. I am more than proud to say that I paid for my first vehicle with money that I worked my butt off for.

**thortek** · 02-11-2014, 07:59 PM

Originally Posted by TheScrapTeen618

I might try to start keeping track of expenses once I start making better cash when it warms up. But yeah, my work ethic is pretty good. The way I look at it is that if you want something , you've got to go out and get it. I have always had the opportunities to have things handed to me, but I feel that it's not right. If you work for something you appreciate it more, and learn to value a dollar. Kids these days don't look at things like I do, and expect every thing just to be given to them. I am more than proud to say that I paid for my first vehicle with money that I worked my butt off for.

Your heads in the right place, you have a goal, don't let anything get in your way.

Good Job on the theater department score! I think if you went to the head of janitorial/maintenance and told them that you were starting a scrap hauling and recycling business, and that you would be happy to clean out the accumulation in the basement, they'd take you up on it.

With your next load, go to vista print (Unless you have a vocational printing department at your school) and order some free business cards, and some magnets for your truck.

Since your truck is paid for, and you have some roommates that pay quite a bunch of your expenses

I recommend you continue to reinvest in your business, and you'll be amazed at how it continues to flourish! Looking legit on the street will have people stopping you as you curb shop to offer you goodies!