When I first started selling on TpT, I loved hearing the cha-ching from my TpT app but I didn’t know exactly what was coming in each month compared to what I was spending each month. All I knew is that I was hoping the cha-ching was more than the spending. Now that I’ve been selling for about a year an a half or so, I’ve started tracking my finances to be sure I come out making more money than spending monthly. That’s why, I created a TpT Financial Tracking Sheet.
This resource is super helpful as it shows me exactly what I’m making each month and breaks down where I’m spending money (for business purposes) as well. Read on to see how I track my finances each month and to get your own TpT Financial Tracking Sheet.
Monthly Tracking
At the beginning of each month, I go to my TpT dashboard and check how much money I made for the previous month. For example, around July 1st I’ll check my income for the month of June. I also track my expenses. These are things that I use for my business such as clip art I purchase to make resources, canva (for images), Convertkit (to give you awesome freebies through email) and Link in Profile (to put links to Instagram images). These mostly stay the same so I know how much I need to make each month in order to be in the positive.
Goal Setting
It’s good practice to set goals for next month. I find that when I set goals, I tend to be more motivated and focused. I have to be honest, I could definitely be better at this (but hey, we’re all human). I’ll be making a point to be better at setting a monthly goal when I fill out my previous month’s financial tracking sheet.
You can set a monthly goal each month too when you fill out your own TpT Financial Tracking Sheet. Get yours below!
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The Top 3 Resources I Use to Grow my Blog and TpT Store
What I’ve Learned About Selling on TeachersPayTeachers for One Year
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