Exactly what is a goal? It is something you want to achieve, whether it be now or later on in life. Goals are a very useful tool when working from home. They are also a way of keeping you organized and are a useful tool for managing your time. When working as freelancer, how are you to know how much you need to work? This is where goals and planning come in.
You can start this process by figuring out how much money you need to make, whether that be weekly, monthly, or yearly. Once your monetary goal is in place, look at the jobs or “eggs” you have. How much do you make an hour with each job? Do you get paid weekly, biweekly, or monthly? These are questions that you will need to ask yourself.
For instance, Sally wants to make $30,000 this year. She also wants to take 2 weeks off of work for the year. She then divides that $30,000 into 50 (number of weeks she will work). We find that Sally must make $600 a week to achieve her goal. This means that for a 5 day work week she must make $120 a day, or $100 a day for a 6 day week.
With goals and determination we can not only survive and make a decent income, but also pay ourselves to take a vacation. Imagine that? There are many financial tools that you can use to keep track of your money. Some you can subscribe to, others you can create yourself.
- Learn how to use spreadsheets to manage your cash flow is you have only a few sources of income
- Use software such as Mint to keep track of the money in your accounts
- Make use of invoices to bill clients, such as the ones PayPal offers
- Use task lists such as Asana or Trello to keep yourself in check to get things done