We had the good fortune of connecting with Tamber Weiersheuser and we’ve shared our conversation below.
Hi Tamber, do you have a budget? how do you think about personal finances?
Yes, I have a budget. I don’t rely on it so much now as I did years ago when I first created my budget spreadsheet. Initially, I had my budget spreadsheet set up by month, and then each month was broken down into set expenses (those I knew the exact amount of every month) and variable expenses. Some of the variable expenses were even broken down into weekly amounts, like groceries, to better track what was being spent. From there I was able to see, that if i make this much income each month and spend this much on bills, I am then able to save this much at the end of each month while still having x amount for discretionary spending. This really helped in the beginning, as I was able to really see the areas where I was spending way too much and needed to cut back. I tracked my monthly budget pretty religiously for several years, and was able to start seeing how the changes I made to my spending were greatly affecting my ability to spend money more smartly and to increase the amount I was able to save each month while still having money to spend on items I wanted. Now, I tend to use my budget more for when I move to a new city/state. After doing some research I am able to plug in good estimates of what monthly bills would cost. I am then able to say that at the end of each month I want to have x amount available for discretionary spending/savings, I am looking to spend this amount on rent, and therefore need to make this amount as my income. I am able to work things backwards and have o good sense of where everything stands (less chance for surprises), This has really helped me over the years to maintain a steady growth of income and growth of my monthly savings rate. I no longer have to worry about unforeseen expenses, or having to spend months saving up for a trip I want to take or an item I want to buy.
What should our readers know about your business?
For years I have talked about starting my own business. From something small like having my own food truck, to actually opening my own bakery. Like so many, I was laid off during the pandemic. And with not much else available, I decided that there was no time like the present to start my own little business. I partnered with a friend, and under the Cottage Foods Permit, we opened a bakery from my home kitchen. We started out small, just offering cakes and seasonal holiday desserts, and are slowly starting to expand our menu to offer more items, like our pies and cookie bouquets. This whole experience hasn’t been easy. You never really know everything needed to start a business, until you are in the middle of starting your own business (even one from your own home). The biggest challenge has been, and still is, the marketing/getting our name out there. With no physical location, we have been relying solely on social media and word of mouth. And when I decided to start this business, I never realized how hard this part of it would be, how constant it is. Trying to post regularly on social media any new items we are working on, as well as orders we have done, trying to get new followers. Reaching out to the condo buildings in our neighborhood. Working with the South Park and Downtown Bids to be a part of their newsletters and social media posts. It’s this repeat cycle to make sure we stay in front of people, so they think of us the next time they have a celebration and need a dessert. So we can continue to grow and expand.
If you had a friend visiting you, what are some of the local spots you’d want to take them around to?
Unfortunately, half of the time that I have lived in LA, there has been the pandemic, which has made it a bit difficult to go see and do things. With that being said, I do know that I would take anyone that visited to Sonoratown. I absolutely love their food! Then for anyone that hasn’t been to the west coast before, we are definitely going to Inn n Out. It’s a must. If I had a group of friends coming out to LA, I would love to rent a house along the beach, with everything we needed, and just spend a long weekend there hanging out together. As soon as they are open again, I can’t wait to go to The Getty, the Griffith Observatory, the La Brea Tar Pits, and to see the wild poppy fields when they are in bloom. The Shoutout series is all about recognizing that our success and where we are in life is at least somewhat thanks to the efforts, support, mentorship, love and encouragement of others. So is there someone that you want to dedicate your shoutout to?
I am 100% going to shoutout my parents and my grandmother. They helped to inspire me growing up, and then gave the encouragement/push to do what I wanted to do. Growing up, my mom made all of my birthday cakes. I can remember a carousel one year, and a treasure chest full of chocolate coins another. As soon as I was old enough, my parents had me helping/cooking dinner 1-2 nights a week. I don’t recall it ever being anything fancy, but still, it was mine to decide what I wanted to make. Then, signing me up for Wilton cake decorating classes at our local hardware store when I was in middle school. Also, when I was younger, every chance I got to go to my grandma’s house we were always in the kitchen together. Making our own playdough, cookies, even accidentally making onion bread instead of zucchini (the dishes were right by each other in the fridge). Between my parents and my grandma, I was constantly surrounded by food and baking and being encouraged to experiment in the kitchen. Food and baking was a big part of my family growing up.
Instagram: @chef_tdub; @balance_n_bloom
Linkedin: Tamber Weiersheuser