Financial Goals: Staying Focused and Motivated

Envision success
Visualizing yourself enjoying the achievement of your goal can help you remember why you’re doing it in the first place. For example, if your goal is to replace your current vehicle with a new vehicle, imagine yourself enjoying a stress-free cruise down the road with a breakdown the furthest thing from your mind.

Give yourself rewards along the way
If your goal involves saving $5,000, build into your plan little “presents” for yourself as you reach certain plateaus. Like for every $1,000 saved you get to put $20 toward a fun shopping item.

Make it a partnership
Is a family member or friend also trying to reach a goal of their own? Make a pact to regularly check in with each other to monitor progress and offer encouragement. If there isn’t someone close to you suited for this job, look for a financial support community online.  If your goal involves others, do your best to not only include them in tracking progress, but get them excited about the process.

Build in reminders
Maybe it’s a Post-it note inside a cabinet you open regularly. Or perhaps it’s an electronic reminder sent via a computer scheduling application. Either way, it never hurts to get a reassuring hint that your goals are there for a reason. If you’re a highly visual person, consider putting a picture of your goal where you will see it a lot, like at your desk or in your car.

Treat setbacks as learning experiences

It’s unlikely that you will ever encounter entirely smooth sailing on your way to a financial goal. Because of this, it’s important to have the right attitude about the obstacles that spring up. If you get too discouraged, the whole plan could be lost. By treating unexpected jolts as opportunities for sharpening your skills, you put yourself in a better mind frame for ultimately reaching your destination.

Financial goals take work, but it doesn’t have to feel like work. By developing techniques to stay dialed in on the process of achieving your goals, you may even find the experience enjoyable!

Heritage Trust offers a variety of resources that can help teach you about financial planning and money management. As a member of Heritage Trust, you can also receive free financial counseling through Accel Financial Services including understanding your personal credit report and how to improve your score, personal money management, dept repayment and personal and family budgeting. To learn more, click here!

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