Design

Multiple Financial Goals

Oct 22, 2014

2014-10-21-goals

A few weeks ago, a beta user suggested the idea of multiple financial goals for the budget timeline. At the time, there was only one goal in Cushion, which made it somewhat difficult to picture the year. Do I set the goal to what I need to make or what I want to make?—these are two very different goals. Because of this constant confusion, I replaced the single goal with three—minimum, target, and stretch.

When considering your finances, it’s good to think of what you absolutely need to make to stay alive and pay the bills—your bare minimum. From there, you can aim for a higher target that allows you to do more than just survive, like go out to eat more often or take a cab instead of the subway. And, if you reach that target, you can then try for more, which might be enough to add a vacation to your year.

These goals are important in the freelance life because there’s really no cap on how much you can make. Since you have no salary, you can decide how much you want to make beyond covering your expenses, granted the work is available. If you want to overload your schedule for a month in order to take a month off, you can do that. If you want to work consistently and make a killing, that’s cool, too.

Personally, I don’t do a great job of aiming high. I tend to make enough to pay my minimum, then I invest the extra time in my personal projects. Recently, I’ve been investing any income over my minimum into buying more of my own time, as if I’m my own client. I’m betting on myself and my productivity. Maybe two weeks of full-time Cushion could amount to more than a two-week client gig. And maybe, with Cushion, I could reach my stretch goal all on my own.

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  1. Restructuring an Evolving App: Part 1
    Design
  2. My Typical Week as a Startup Founder
    Story
  3. Building Components in a Sandbox
    Dev
  4. Reactive Time with Vue.js
    Dev
  5. Visualizing Daylight Saving Time
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  6. Recording Screencast GIFs
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  7. Writing a Job Listing
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  8. Using Feature Flags to Run Betas
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  9. Our First Company Lunch
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  10. How to embed Vue.js & Vuex inside an AngularJS app... wait what?
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  11. Funding Cushion
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  12. Hiring a Team of Freelancers
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  13. Taking a Real Break From Work
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  14. Slack as a Notification Center
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  15. Document Your Features
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  16. 300
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  17. Vacations
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  18. Offering Discounts
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  19. Waves of Traffic
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  20. Less Blogging, More Journaling
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  21. Retention Through Useful Features
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  22. The Onboarding Checklist
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  23. Spreading the Word
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  24. From Beta to Launch - The Subdomain
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  25. From Beta to Launch - Sign up
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  26. From Beta to Launch - Messaging
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  27. Launch
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  28. Authenticating with 3rd Party Services
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  29. Intro to Integrations
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  30. Inspiration vs Imitation
    Story
  31. The Emotional Rollercoaster
    Story
  32. Designing Project Blocks
    Design
  33. Everything in Increments
    Story
  34. Deleting Your Account
    Design
  35. Designing the Subscription Page
    Design
  36. Rewriting the Timeline
    Dev
  37. Restructuring the Individual Project Page
    Design
  38. Project Blocks
    Story
  39. Redesigning the Homepage
    Design
  40. Multiple Timelines
    Design
  41. Archiving and Estimate Differences
    Design
  42. Multiple Financial Goals
    Design
  43. Zooming in on the Timeline
    Design
  44. Currency
    Dev
  45. Preferences, Accounts, and a Typeface Change
    Design
  46. Sending Out the First Email
    Story
  47. Currency Inputs, Notifications, and Invoice Nets
    Design
  48. Dots and Lines
    Design
  49. Calculating in the Database and Revealing Tendencies
    Dev
  50. Improved Form UX
    Design
  51. Cushion is Online
    Story
  52. Schedule Timeline Patterns
    Design
  53. A Slimmer Schedule Timeline
    Design
  54. The Schedule Timeline
    Design
  55. Plugging in Real Data for the First Time
    Design
  56. Transitions and Project Lists
    Design
  57. Death to Modals
    Design
  58. The Individual Project Page
    Design
  59. Estimated Incomes and Talks with Other Freelancers
    Story
  60. Statuses to Lists and the Paid Beta
    Story
  61. The Timeline
    Story
  62. Invoice Terminology
    Dev
  63. Modal Forms
    Dev
  64. Wiring the Backend to the Frontend
    Dev
  65. Balancing Design and Dev
    Story
  66. Timecop, Monocle, and Vagrant
    Dev
  67. Going with Ruby and Sinatra
    Dev
  68. Ditching local-first and trying out Node.js
    Dev
  69. Switching to AngularJS
    Dev
  70. Building the Table with Vue.js
    Dev
  71. Clients, Projects, and Invoices
    Dev
  72. Introduction
    Story

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