It’s not the actual number that probably moves you; it’s what that number means. What does your number mean? Does it mean you can retire early? Maybe you want to purchase a house or travel around the world or do both at the same time.
But I’m not even sure that is the heart of the matter – I think it’s the feeling that we’re chasing after. Gretchen Rubin with her aptly entitled The Happiness Project book discusses “Being Gretchen”, the idea of accepting who she is and pursuing her chosen passions. She chooses to be this and not be that, she does A and not B.
Debt Payoff: What moves you?
It’s this very decision-making process that allows us to pursue our chosen goals, like debt payoff, with the single-minded passion that I’ve seen from the many PF (Personal Finance) bloggers that I’ve had the honour to get to know through their blog.
Following your passion helps you choose the Yes and No that support your goals. You want the freedom, the choice, the security, or the adventure that comes with debt payoff and/or saving your money.
Goal-setting with Debt Payoff
There are a lot of goal-setting strategies out there and the few I’ll stick with today are about keeping your eye on your prize through thick and thin.
What keeps your strong in your weak moments?
– In my moments, I like the ‘Rather Factor’ that the Smart Cookies talk about in their Guide to Making More Dough and Getting Out of Debt. For example, you keep a picture in your wallet of your dream or goal and then use that as your “Would you rather buy the cute little skirt or go on that trip to Spain?”
– Have smaller goals and smaller rewards that I can build towards since my goal will take years to fully realize. For instance, if I stick within my budget for a month, I can reward myself with that Groupon pedicure that I bought.
– Be thankful for what I have in the moment. If I take the time to appreciate the goodness in my life right now, it will be less pressure to fill the gap I feel I need to fill with that far-off goal. An illustration: if your trip to Spain is planned with friends, don’t forget to spend times with your friends here. Go out for appetizers – instead of dinner- with your friends and enjoy the good company.
– Create a vision board: I am a visual creature – as many of us are – so creating my vision board was always a positive reminder of my “big picture” – friends, family, meaningful work, etc. See this article from Oprah.com to find out why these things are great and how to make one. Read more here about debt payoff and goal-setting.
These are just a few ideas, what do you do to stay on track with your goals?