Tag: Goals

How can I turn over a new leaf in the New Year?

It’s that special time of year again. No, not the impending new year. I mean Stationery Procrastination Time!

For me, it started with the purchase of a new journal.

I begin every year with a new little notebook to keep track of goals (financial as well as health, writing, blogging, and so on), and to make notes, in a very loose ‘bullet journal’ style.

But I always um and ah over which to buy, and then, the price involved.

This year I had my eye on a very nice-looking tropical leaf themed journal with plain lined pages. But I wasn’t sure if it was really ‘the one’. And then, I wasn’t sure if I wanted to spend – wait for it – gasp – $8 on it.

Then, I received a very nice sticker set for Christmas. 300 stickers, specifically for planners, vision boards and so on. (Shockingly, these stickers cost – wait for it – even bigger gasp – $10! That’s a whole $2 more than the journal itself!)

So far, I’ve managed to open the packages… but no action.

Now should be the time of year that I set up my journal. That I think carefully about my goals for the new year (and indeed, the coming three and five years), and get them down on paper. (Rather than throwing something quickly together on the morning of January first!)

But I’ve always been hesitant to start new notebooks. Especially pretty ones. (Memo to self: perhaps try an ugly notebook next year?)

I may be crazy, but I’m sure I can’t be the only one who feels like this.

Continue reading “How can I turn over a new leaf in the New Year?”

What is your New Years Revolution?

Here we are, at the end of another year. A time for many of us to reflect on the twelve months which have just passed us by, and to look ahead to the next twelve to come. To think about where our money went, perhaps, and how we might spend it – or get it to work for us – differently in the new year. But this year, I want to talk not about new years’ resolutions, but revolution.

Continue reading “What is your New Years Revolution?”

Why should I keep a financial journal?

New Years is often the time we start thinking about resolutions and goals – and reflecting on the year gone by.

For several years, while we were working towards our financial independence, I kept a Financial Journal in which I would write down all of my savings goals, and notes from the (many!) finance books I read. Of course, you can use an online solution, but studies have showing that writing down your goals leads to greater conviction, and handwriting what you learn helps you to remember it.

I kept my Financial Journal in a gorgeous ‘Money Planner’ I had been eyeing off for some time (although naturally, I waited until I found a slightly dented copy reduced to half price!) but you can use pretty much any notebook you have on hand.

Continue reading “Why should I keep a financial journal?”

How can frugality make me more creative?

There is a paradox when it comes to creativity: the tension between freedom and constraint. While we often think of the ideal creative process as unstructured, open-ended, and free of limitations, research has found that creative individuals – in both artistic and business settings – can actually benefit from self- or externally-imposed constraints.

Most of us cringe when we hear words like ‘budget’. As with the word ‘diet’, images of spartan deprivation, meager portions, and boredom spring to mind. But my experiences of frugality have been exactly the opposite – not tightening, but freeing.

Continue reading “How can frugality make me more creative?”

How can I make smarter money goals?

Words are like a set of blocks we can use to build structures.

I find this analogy useful in constructing goals – in particular, financial goals.

Having a set of well-defined goals is important. A goal that is too open or ambiguous cannot possibly be ‘SMART’ – that is, Specific, Measurable, Achievable, and Realistic within a particular Timeframe. Think of each one of these elements as a building block.

Continue reading “How can I make smarter money goals?”