Category: | Personal Finance

Setting Goals

The quickest way to achieve your goal of reducing and eliminating your debt is to actually set some goals in the first place.
Unless you have a specific goal in mind then it is all too easy to drift and not focus on the task of reducing your debt.

The best way to set goals is to sit down with a pen and paper and actually write down what you want to achieve. Once it is in writing you can refer back to it and adjust your goals along the way.

Having written goals to look at is an incentive to achieve more and do better than normal.

It has been shown in many tests that this is the quickest and best way for people to actually achieve their goals.

You should make your goals realistic and have long term and short term goals.
So when you are writing down these goals, you should determine where you want to be in a year’s time or even five or 10 years time.

You should also set goals that you will like to achieve in the next week or month and that might be something as minor as being able to cope with the current budget that you set yourself for your food shopping.

Once you achieve a goal – even a small one – you are well on the road to success in achieving your bigger goals and as you see more and more of these goals become achievable it will build your confidence to get out of debt and to maintain that debt free status for the rest of your life.

No matter how small these achievements might be you need to consider the fact that it was all those small extra items that you purchased along the way that got you into debt in the first place and reversing the trend by making small changes in a positive direction will go a long way to eliminating your debt before you realize it.

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