“On paper on purpose.” This phrase is my second favorite from Dave Ramsey. My first being “Live like no one else, so later you can live like no one else.”
The phase “On paper on purpose” is so powerful. Not just for budgets as intended by it’s author, but also for goals. I have a million and one goals that run through my head every year. It’s the ones that I write down that get completed (personal accountability). The ones that are written down and shared with someone else (peer accountability). The ones that are posted on the refrigerator so that they can be viewed and read every single day (family accountability). These are the goals that get completed.
Here are the DeliverAwayDebt financial goals:
- Pay off the remainder of our student loans. We current have about $13,000 left to pay off.
- Add $1,000 to our emergency fund, being the EF to a total of $2,000
- Add $1,000 to a vacation fund, the only way to have a debt free vacation is to have cash to use for it.
- Start and grow a used car fund for my wife. I hope to add around $3,000 to this fund by the end of the year
Keep a Record
For whatever reason, keeping records of our goals helps us to stay vigilant in reaching those goals. It’s all about accountability.
Having a written plan, providing updates, and monitoring progress is an excellent way to make sure your goals are met. Remember “On Paper On Purpose.”
Whatever your approach happens to be, don’t be intimidated by the big money goals. Don’t worry if your friends or family seem to have gigantic goals compared to yours. Everyone starts in a different place and everyone’s story is going to be different.
The worst thing you could try to do is manufacture a pseudo-carbon copy financial plan that tries to mirror someone else.
Start with that you have, assess what you need, think about what you want and where you want to be, and develop your financial goals.
Just don’t forget to write them down.