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

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