Today is payday and I am just shy of making my first financial goal of 2008. After today's deposit I will be $200 short of having my Emergency fund fully funded. It has been about 18 months simce I became debt free and when I started I had alot of trouble with this particular goal.
I wasn't very focused. I wanted to save up to do my home renovations, I wanted to save up for a newer car, I wanted a new computer. Then I started having difficulties at work which made me realize that what I WANTED wasn't what I NEEDED. I needed to focus on one goal at a time and the most important one was the emergency fund.
When I split my savings into all those different goals none of them grew very fast and it was hard to stay motivated. It reminds me a little of Dave Ramsey's debt snowball where you focus on one debt at a time, I need to focus on one savings goal at a time to keep me motivated.
So now I am looking at finally finishing one of my most important goals and it feels good.
Staying Focused
April 18th, 2008 at 11:12 am
April 18th, 2008 at 11:38 am 1208518682
Wow, that is a really cool realization. That is like a light bulb going off.
Thanks for the reminder. I think I need to reset my goals. Keep up the good work.
April 18th, 2008 at 11:41 am 1208518869