We have been looking at the use and benefit of Homestead Ledger Books. In Part 1, we looked at documenting activities, items harvested, canned or dried, and items sold or orders received. We have looked at a possible scenario from January through September and left off at September after participating in the farmer’s market. Furthermore, let’s look at what activities we might record in our ledger for October.
October
In October, the family could take time to plan out the next year’s garden and locate free buckets. The buckets that could be used to expand the garden output by growing additional plants in these containers. The family could try to locate other containers to use for the plant starts for which we took orders. The children could log information into their own Homestead Financial Ledgers. They then plan out any future income producing projects they wanted to work on. This economics exercise could of course be part of homeschool. The children’s planning should include the items, material costs, sale price, profit, et cetera. They should locate and purchase the materials needed. Success as well as failure are lessons that need to be learned.
Continue reading“Homestead and Financial Ledger Books- Part 2, by S.T.”