Money Lesson 9 ‘Small Short Time Goals Lead to Big Long Term Goals Wins’

Small Short Time Goals Lead to Big Long Term Goals Wins!

I am not going to go deeply into the process of developing goals but one thing I am going to say is they work. It is important to have short term goals as they are your stepping stones to achieving bigger success with your long term goals. The short term goals should be realistic and achievable.

They should sound like:

I am going to put 200 into my sinking fund this month rather than I am saving 2k into sinking funds.

You can even break it down to this week I am going to avoid the coffee stop and put that money into my christmas sinking fund, even if it is only an extra 10euro. You are breaking your long term goals into smaller steps.

A problem many have is not sticking to their goals. For this I recommend adding a prize amongst your goals. This could be a lipstick you love or for me it is a weekend away, or more like a night with having children. An example of a monthly goals chart could be:

100 Euro to emergency fund.

150 Euro to sinking funds.

No coffee for the month and money saved put towards a night away.

Daily walk to clear my head.

It does not need to be complicated or too hard on the pocket. If it is your first time doing goals I would suggest making them very easy especially for your first month till you get adjusted to them.

If you set Financial goals and stick to them you have a great chance of getting to where you want to be financially in the future. Set them monthly and yearly. Small short term goals are your stepping stones to your long term goals. If you do not get clear with what you want in life and where your going followed by the steps your going to take, then unfortunately you will more than likely stay in the same spot you are now.

 

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