It’s that time when we start to get our royalty checks. Mine go in a separate checking account I have set up. Out of it, I pay for RT ads, for paperbacks to resell at book signings, for postage and envelopes to mail people autographed copies of my books, and for promotional items (just to name a few things). I do it this way, rather than put the money in the Mooney home account, for two strong reasons:
* to keep myself from “splurging” if the money isn’t there in the first place, and
* for income tax purposes, even though everything gets counted together in the end :)
Would I like to spend it on frivolous things? Sure! I have a teacher friend who gives piano lessons on the side. Her extra income paid for a new car (okay, it was a Kia, but a new car is a new car! LOL!)
But right now my royalties won’t pay for a new car. Not even a tire. Maybe one day, though, I’ll have enough to take a trip. Or be able to spend it in some other wild, nonsensical-but-fun way. Hopefully. :D
So...how do your spend your hard-earned bucks?