Adulting · Money

It Is Time to Set Clear Financial Goals

Before you get started on planning your financial goals, it is a great idea to check out one of the previous posts on debt if that is a specific area you wish to tackle:

Dead Set on Resetting Your Debt – it has great times for managing your debt correctly.

It is just as important to set financial goals for your business as it is to set them for the rest of the areas of your life.

Each person will have some financial goals that are personal to them. They might be because you want to save up for a particular thing, or it could be how you can begging to live a more comfortable life.

No matter what your financial goals are, it is important that you set them with the intention of making them a priority. From Forex trading to automatic saving. Every action you take has an impact on your goals. So make them count.

Photo by Lena Kudryavtseva on Unsplash

What are ‘financial goals for your business’?

Even if you are at the start of your business journey, you will need to have a plan to grow forward. You can use your mission statement and vision as a guide for the steps you will need to take.

Here are some examples of small business goals that you might consider:

Decreasing overheads and general costs

You might be using multiple online tools and platforms – but do you need them all? Make a note of all of your overheads and look to see where you can cut back. Decreasing your general costs will aid in the next steps.

Increase revenue

A decrease in your overheads will automatically see more money put back in the kitty. However, to truly increase your revenue you might want to consider how you can see a bigger profit.

It is key that you set solid numbered goals here.

Vague = to increase my revenue this year.

Solid = to increase my revenue by in the first two quarters and then even more for the last two quarters.

Ideal = to increase my revenue by $250 dollars a week for the next 6 months, and then by $500 for the following 6 months.

It is important to remember that your financial goals can be much more or much less than this. Be specific.

Cashflow planning

If you are still guessing your income and outgoing, and then checking your bank at the end of the month you are doing yourself a disservice. You should be the king, queen, and master of your cash flow.

Make it a priority to sit down and look at your income and outgoings correctly.

If a cashflow just makes you shudder at the thought, then check out the following:

How to make a cashflow forecast

And you can even get some great templates on Microsoft Office (for free) too: Check out these cashflow templates.

Running a business isn’t just about doing what you love, although that should be the biggest part. It is also having firm goals that can help your business grow, and you to prosper too.


The Resolutions That I Wasn’t Going To Make…

This year, I decided that I wasn’t going to make any New Years Resolutions. Nope, no sir-ee, not me. I figured, if I don’t make them I can’t break them. I’ll just keep them as a vague idea in the back of my head and I certainly wasn’t going to blog them for you lot to see, lest one of you should spot me talking about chocolate on Twitter and remind me that I’m supposed to be dieting.

But that lovely Mummy Barrow has tagged me and she’s not the sort of person you just ignore, so here goes with a list of somewhat coherent resolutions for 2013.

Get in Shape

Yeah, alright, I can hear  you yawning from here. I say it EVERY YEAR. I never do it. My belly gets bigger and my yearn for biscuits gets greater. But this year, I am serious. I’ve got to do this. For my health, for my family, for my sanity. I’m sick to death of allowing food to rule my life. I start my new job in a couple of weeks and I figure that’s as good a chance as any to help me stick to my diet. I’ll be packing Cup-a-Soups and salads to take for lunch, I’m going to start running again (I have about three running bras that I need to review too) and I’m going to take my health rather more seriously than I have done up until now. If I ever get around to trying to have another baby, I need to  make sure I’m as fit as I can be before even trying.


One of the things that contributes to my overall bad health is stress. A combination of the weight I’m carrying and my inability to cut shit loose is causing a permanently painful neck and back because of muscle spasms and postural problems. My shoulder muscles are tighter than a duck’s bumhole and I really need to learn to not let external factors affect my mood so much. The last couple of years have been pretty tough in a lot of ways and this year is about me, Husband and Sausage getting things in order and enjoying ourselves.

Generally Sort My Life Out

This one seems like a cop-out but there are so many niggly little things that Husband and I want to do. Aside from sorting out the house we’re in now, moving the rooms around and making the space work for us, eventually we want to move so 2013 is about saving, saving, saving. Hopefully, as I spend less money on the junk food and SHIT that’s partly responsible for my poor health, that’ll be a lot easier. Obviously I’ll be bringing in a lot more money once work starts and if I’m at work and out of the house during the day, the opportunities to get bored and snack will be almost non-existent, which helps with number one and the saving money part, which will all help with moving. See, there’s method to my madness!

Blog, Blog, Blog

Mum’s the Word has gone from strength to strength and this will be my third year of blogging. I’m pretty darn proud of the collection of writing and photos that I have here and I want to try and make sure it continues on with its steady improvement. I also want to put more effort into Maternity Matters, which sustains itself as a resource pretty well but could be amazing if I made a bit more effort. I also hope to attend more conferences this year. BritMums is a MUST and I’ll be treating myself to a ticket as soon as I have the cash, or if anyone reading this wants to sponsor me…(worth a try, eh?!) and it’s on the weekend after my birthday, which is lovely timing. I want to try and get to some of the others too, but we’ll have to see about that!

I also have some minor resolutions like getting back into my dressmaking and improving my cooking skills, but they’re too little to have a heading all to themselves.

So, now to tag me some unsuspecting victims delightful participants…

Kate at Wit Wit Woo

Jamillah at Bare Beginnings

Nicola at Coco D’Licious

(Little-known blogging community fact – Jamillah, Nicola and I were all in the same form group at senior school!)