Stitch from Stash

I've previously done a Stitch from Stash challenge in both 2020 (which I failed at miserably) followed by a successful attempt from July-December 2021. After doing a deep dive through my kitted stash in October 2022, I've decided to do it again for 2023. 

Even after dekitting a total of 29 projects, I still have 90 fully projects remaining. Since I also really want to focus on knocking out some of my WIPs in 2023, there really shouldn't be a need for me to be buying much stash. My hope is that by doing a Stitch from Stash challenge during 2023, it will curtail me from just buying and kitting up a bunch of projects to add to my kit pile which I never seem to get to. I need to stitch up all the beautiful things I already have kitted before I kit up more thing.

How It Works:

Each month, I will have a stash budget of $25. Any of that money not spent during the month will carry over to the next month. Additions to my budget can be earned through finishing credits for completing projects. The amount will vary based on the stitch count and any earned complexity bonuses (detailed later in this post). Any purchases made during the month will be deducted from the balance. I will update the small balance sheet below throughout the month as I stitch.

Stitch from Stash Balance Sheet:

Starting Balance - 1 Jan 2023 $ 0.00
Monthly Allowance - Dec $ 0.00
Finish Credits $ 0.00
Purchases $ 0.00-
Current Balance $ 0.00

Finish Credits Earned This Month:

Purchases This Month

The Rules:

Things that Count Against the Budget:
  • Any stash purchases including:
    • patterns
    • pattern books
    • kits
    • fabric
    • threads
    • embellishments
    • etc.
  • Money/Gifts received (holiday or birthday money, gift cards/certificates, destash earnings, work bonuses, tax refunds, etc.) may be added to the budget.
Things that Don't Count Against the Budget:
  • Shipping costs
  • Finishing supplies
  • Gifts or supplies purchased to make gifts for others
  • The registration costs for retreats/classes, but any stash purchases made at these events do count.
  • Magazine subscriptions (JCS, PNPS, etc.)
  • Tools such as needles, scissors, hoops, Q-snaps, scroll frames, stands, and stand accessories don't count against the budget.
  • Monthly subscriptions (fabric of the month club, floss clubs, etc.) don't count against the budget, but you must be subscribed before the challenge starts. (Note: I'm currently not signed up for any clubs for 2023, but I'm leaving this rule in place for future use.)

Finish Credits:

I will calculate the finish credit by averaging the stitch count. This will be accomplished by adding the stitch count width and height together then dividing by two and rounding up the nearest whole number. For example, if the stitch count is 70w x 95h, the average stitch count would be (70 + 95)/2 = 82.5 or 83. The average stitch count number will then be applied to this finishing credit guide.

Stitch Count Credit
Up to 59 $5
60-79 $8
80-99 $10
100-119 $14
120-139 $17
140-159 $20
160-179 $23
180-199 $25

For projects 200 and over, the finishing credit formula is ((width * height)/40000) * $25.
For example, a project that is 230x315 the finishing credit would be $45.28.
((230 * 315)/40000) * 25

Bonus: Add a 10% bonus for each extra included in a project. For example, specialty fibers, hand dyed fabric, specialty stitches, beads, embellishments, over one stitching, etc.

Full Coverage Projects:

Page Base - 100 x 80 stitches - $15 

Smaller/larger full coverage pages are calculated proportionally. 
(Actual Stitch Count/8000 Stitch Page Base) * $15 Finish Credit
For example: 60 x 80 stitches = 4800 actual stitches 
(4800/8000) * 15 = $9.00 credit

No comments:

Post a Comment