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Staying Focused

April 18th, 2008 at 04:12 am

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.

2 Responses to “Staying Focused”

  1. campfrugal Says:

    "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."

    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.

  2. campfrugal Says:

    And, btw, I am turning 47 next month, was divorced and raised three children on my own, one who finished college, one who was stricken with cancer, and the youngest who is just plain fun. I can relate to your situation. Stay positive.

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