If you’re a regular reader, you’ll know that we failed in 2014 to accomplish goals we set in terms of debt payoff. Although we, in total, spent less than we did last year, we didn’t put nearly as much toward debt as we did in 2013, our first year of working toward debt freedom. After diagnosing our mistakes, we’ve now got a plan in action to make sure we accomplish our goal of drastically reducing our debt. Here’s how:
Accomplish Goals by Making Them a Priority
The main reason we didn’t pay off more debt last year is that we didn’t make the goal a priority. By getting too comfy in our new frugal life, we forgot what the main reason for that new frugal life was, and it caused us to lose the priority status we’d previously had on paying off our debt.
Eat an Elephant One Bite at a Time
When you have a BIG goal in mind, like our goal of paying off our massive amount of debt, you can’t expect to achieve it in a week or in a month. It’s vital when working on a big goal to break it down into smaller sections and focus on those smaller sections, making your goals feel more achievable and less daunting.
Keep Steady Track of Progress
This year, we’ll keep our goals in the forefront of our minds by revisiting them on a weekly basis, and by consistently working on ways to reduce spending and increasing income so that there’s more cash to put toward debt. It’s when a person slacks off on revisiting their goals that those goals become a distant, non-achieved memory.
Revisit the List of “Why’s”
Everyone who has a goal should have a list of “why’s” for that goal, and have it posted clearly where they can see it often. If you have a weight loss goal, post your list of “why’s” on the fridge. If you have a financial goal, post your list of “why’s” above your computer screen. Put your list of “why’s” in a prominent place so that you can read it often and remember why the goal you’ve set is so very important to you.
The reason that 90%+ of resolutions and goals fall into the abyss of non-achievement is because there are not solid reasons and methods put in place that will help you achieve those goals. Don’t let that be you with your goals this year. We certainly don’t want it to be us. Put the methods listed above in place and work your goals until you win.
What will you do differently this year to make sure you win at the goals you’ve set for yourself. What’s the most lofty goal you’ve ever set and achieved?