Members SA Rios Posted January 31, 2006 Members Share Posted January 31, 2006 Do you guys have band funds that you put all your money into or do you split it up after each show? I was in a bar band that split the $$$ after each show, it was pretty nice, but when it came time to record or buy {censored} everyone had to chip in. The band I'm in now has a band fund where every cent we make goes into. Much easier when we have to drop some cash. Link to comment Share on other sites More sharing options...
Members ToeJamFootball Posted January 31, 2006 Members Share Posted January 31, 2006 i spend money Link to comment Share on other sites More sharing options...
Members greenshag Posted January 31, 2006 Members Share Posted January 31, 2006 we would put the band money in a fund for band stuff, i.e. cables, etc...this fund would also pay for merch, stickers, shirts,etc..every once in awhile, we would pay ourselves out, but that was rare. Link to comment Share on other sites More sharing options...
Members B-Bottom Posted January 31, 2006 Members Share Posted January 31, 2006 we always just took our cut and kept it. Starting a band fund is probably a good idea and I know that the bands i was in would always talk about doing it, but it would never happen Link to comment Share on other sites More sharing options...
Members Onkel Bob Posted January 31, 2006 Members Share Posted January 31, 2006 The last time I got payed for playing a koncert we split up the money. Then we proceded to spend it all on beer and cheap women... Well except for the cheap women... Link to comment Share on other sites More sharing options...
Members james on bass Posted January 31, 2006 Members Share Posted January 31, 2006 We split up the money. I try to keep it set aside for music related expenses, but more often than not it goes into house expenses. Link to comment Share on other sites More sharing options...
Members Hotblack Posted January 31, 2006 Members Share Posted January 31, 2006 One band I was in had a band fund that worked out like dues. We each put in $20 a week. It was an amount we could all afford without much hassle. After gigs, once we paid for gas, food, and drinks, we would put a portion into the band fund. It added up pretty quickly and we opened a bank account after a little while. It allowed us to pay for recording studio costs pretty easily. If the band had kept going, I would have looked into putting some of the money into a CD or something that would earn a little. Link to comment Share on other sites More sharing options...
Members bnyswonger Posted January 31, 2006 Members Share Posted January 31, 2006 send it directly to MBNA... Link to comment Share on other sites More sharing options...
Members mlwarriner Posted January 31, 2006 Members Share Posted January 31, 2006 Originally posted by bnyswonger send it directly to NAMBLA... i never would've thunk it :D:D Link to comment Share on other sites More sharing options...
Members bnyswonger Posted January 31, 2006 Members Share Posted January 31, 2006 "ponders putting defamation lawsuit attorney on credit card" Link to comment Share on other sites More sharing options...
Members mlwarriner Posted January 31, 2006 Members Share Posted January 31, 2006 Originally posted by bnyswonger "ponders putting michael jackson's lawsuit attorney on credit card" :D Link to comment Share on other sites More sharing options...
Members Thunderbroom Posted January 31, 2006 Members Share Posted January 31, 2006 In my rock band, we split whatever pittance we make. In my country band, we put it in the band fund; I'm the treasurer. We then use that money for band expenses. Link to comment Share on other sites More sharing options...
Members coyote-1 Posted January 31, 2006 Members Share Posted January 31, 2006 I don't like collective band accounts. Joint ownership of band assets makes for unneccessary difficulties when the inevitable parting of ways occurs, and often makes those partings far more painful than they ought be. I vastly prefer when an individual owns some asset the band is using. In my case, I own the PA but my bassist owns a pair of cabs that we use with it. When that day comes, we know who gets what because individual ownership is already established. Likewise, when my drummer eventually goes on his way the electronic drums are HIS. Now if the band members are drawing salary from a band corporation then of course you need a corporate bank account. But IMO your typical bar band should just split any proceeds equitably. Link to comment Share on other sites More sharing options...
Members namlssboy Posted January 31, 2006 Members Share Posted January 31, 2006 I DRINK my money! Link to comment Share on other sites More sharing options...
Members Monkabutt Posted January 31, 2006 Members Share Posted January 31, 2006 We have a little band kitty for duct tape etc but nothing for big gear. I take every dollar I earn from gigs and put it is a savings account. Over the past 7-8 years the account has grown to a tad over $30,000. The other guys in the band laugh at me for this but I take a deposit slip and night deposit envelope with me to every gig and I usually make the deposit on the way home from the gig. Less temptation to spend it that way. Link to comment Share on other sites More sharing options...
Members Thunderbroom Posted January 31, 2006 Members Share Posted January 31, 2006 Originally posted by coyote-1 I don't like collective band accounts. Joint ownership of band assets makes for unneccessary difficulties when the inevitable parting of ways occurs, and often makes those partings far more painful than they ought be. I agree. Our band account is used ONLY for consumable stuff like recording our demo, blank CD's, labels, flyers, mailings and such. All of the hardware is individually owned by the band. Link to comment Share on other sites More sharing options...
Members SA Rios Posted January 31, 2006 Author Members Share Posted January 31, 2006 All your gear is seperate too. Everyone owns their own gear. The PA is owned by the drummer and I (we go way back and have been in 4 bands together) he band fund is only used for recording, merch, and promotional stuff. It came in really handy this past year when our recording cost were around 10,000. If we would have been splitting up the $$$ I would have had a tough time coming up with my portion. Link to comment Share on other sites More sharing options...
Members 78pbass Posted January 31, 2006 Members Share Posted January 31, 2006 jet skis predominantly Link to comment Share on other sites More sharing options...
Members someotherguy Posted January 31, 2006 Members Share Posted January 31, 2006 Originally posted by Monkabutt We have a little band kitty for duct tape etc but nothing for big gear. I take every dollar I earn from gigs and put it is a savings account. Over the past 7-8 years the account has grown to a tad over $30,000. That's almost as slick as your Wallace & Gromit avatar. Link to comment Share on other sites More sharing options...
Members wishful1 Posted January 31, 2006 Members Share Posted January 31, 2006 The very first bar band that I played in was together for nearly 20 years. Players came and went but the original neuclius (sp?) of 3 members were in it all the way. We tried every scheme known to mankind to keep from screwing the other band members without getting screwed. The best solution that we could come up with was to count the whole band as an equal part and put aside that cut for operating expenses. All the other members were paid equally. It was a running joke about the "corp." running off with the money. At the end of the year we took half the band fund or whatever and threw the Xmas party from hell. Anyone who played in the band that year was invited to a free beer bash. Sometime the "corp" wouldn't have enough money to pay for a surprise expense and everybody had to dig. Nobody got paid untill we all had our out of pocket money back. We had a WHOLE sound system ripped off one time. I played awhile free over that one. It worked for us but ymmv. Link to comment Share on other sites More sharing options...
Members bassplayinguy Posted January 31, 2006 Members Share Posted January 31, 2006 we pile all of our money into a band fund too, its in our name as a joint account it takes 2 signatures to get money out, but none to put any inAs much as I trust my band mates and they trust me, it still saves the hassle if things go bad and one of them gets the idea to drain the account. Its cheap protection. Plus we only use it for consumable stuff. if one band member quits, they'll get their share of the money. all the other gear is owned by the individual members Link to comment Share on other sites More sharing options...
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