Just got this email from a reader of the blog. I think you’ll appreciate it :)
I just wanted to comment about the power of writing goals down.
For the first time this year, I wrote down eight financial goals I wanted to achieve by the end of the year.
- Pay off two credit cards (both already at 0%)
- Save up and pay property taxes before due date
- Create new wills and a trust
- Go on a vacation (first time in four years)
- Resolve an issue with my husband’s last employer
- Update both of our passports
- And install a closet organizer in the den.
I decided to add the financial goals to the same spreadsheet where I track income and expenses, so I could look at it every time I’m in there (on and off all day). I also decided to number the goals in order of importance and time constraints.
I’m happy to report that, as of this weekend, the bills are paid off, the property taxes are paid (six weeks ahead of schedule), we already had the appointment with the attorney to write up the new wills and create the trust (we’re waiting a few weeks for the drafts), I made reservations for the islands in May and paid the deposit, the issue with my husband’s prior employer has been resolved, our passports are in the mail being processed, and the organizer was installed in the den!
Actually seeing the goals in front of my eyes several times a day, and every time I posted a payment, a bill and/or a deposit, really helped keep me on task. Similar to my “to do” list at work, I was constantly reminded of where my money should be spent.
I’m so happy with the results, I’m going to add a few more financial goals to work on (since there’s nearly ten months left in the year).
F’ing love that. Look how much she’s accomplished in only a couple of months?? And they’re not all easy ones either. In fact, the goals themselves aren’t even the important takeaway her. It’s the *method* she used that’s killer. In particular:
- Writing the goals down
- Putting it in a place you see several times a day
- Numbering them in order of importance and/or time constraints
Perhaps after they nag you/excite you day in and day out you’re more inclined to take action? Or maybe our minds are just too packed with info these days that the important stuff gets overridden and forgotten over time? Who knows…
Either way, this girl is killin’ it, and I hope you take a few secs to consider doing the same. It may not be as magical for all of us, but we gotta keep trying out new ideas until we find the one that lights the biggest fire under us. Whatever gets us to our goals faster, right?
UPDATE: Be sure to check out the awesome comments below. There are some pretty clever tricks to helping yourself lose weight, and even pay off bills. Like making your passwords to accounts “Payoffbills” haha… Brilliant!
[Hieroglyphics photo by kevingessner]]
Killer resources and apps:
- Best Budget Templates & Spreadsheets (FREE)— The best free budget templates from around the community! Including the ones I use :)
- Personal Capital* (FREE) — A great app to track your investments and net worth. You can see an in-depth review we did here from a millionaire who checks it daily 😂
- You Need a Budget (YNAB)* (FREE TRIAL, then $14.99/mo or $98.99/year) — One of the BEST budgeting methods in the space, with new users saving $600 on avg their first two months, and more than $6,000 over their first year! Check out my friend Vic’s review of YNAB here that went on to completely change his finances 💪
- Digit (FREE 6 mo. Trial, then $5/mo) — This is one of my favorite apps for automatically saving money, and I even came on board as an advisor I believed in them so much! You can see my full review on Digit here.
- Acorns* ($3-$5/mo) – Similar to Digit, this app helps you automatically INVEST money by rounding up all your transactions to the nearest dollar and then investing it right away for you. My full review of Acorns can be found here.
- Honey (FREE) — By far my favorite coupon service out there! Click the Honey button any time you're about to buy something online, and BOOM - any discounts it finds will be automatically applied at checkout. You can see my write up on them here.
- Credit Karma* (FREE) — An easy way to check and monitor your credit score AND report! See my full review of these guys here.
- My Favorite Blogs + Books < -- Click here to see all my other recommendations!