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Keep it Simple ?

March 24th, 2009 at 02:50 pm

I LUV Van Morrison !! One of his works of beauty is a song called Keep it Simple.

I've been messing about with my April Budget... I've moving into my own place this weekend so the look of the budget is going to change...

What I'm wondering is do you guys find it easier to just concentrate on one goal at a time, complete it and then move on to the next ?

Or do you have 3/4 different active goals at the same and knock little pieces off each as you go along ?

Which approach has worked best for you ?

Posted in Uncategorized | 7 Comments »

7 Responses to “Keep it Simple ?”

  1. creditcardfree Says:
    March 24th, 2009 at 03:20 pm 1237908016
    1237908016

    We are always saving for retirement. Our emergency fund was established a little at a time over a couple of years. When we had more debt, I just took them each one at a time...while making minimums, of course. Right now, we are concentrating on the home equity loan, but pay cash for bigger purchases as they come up, which reduces the amount we can send for payoff each month.

    I hope that helps!

  2. ceejay74 Says:
    March 24th, 2009 at 03:29 pm 1237908551
    1237908551

    For awhile I only focused on sticking to the budget, tracking all my financial stuff and paying down debt. Now that those things are second nature to me, I make about six small goals in different areas each month--little, manageable challenges that work toward a bigger outcome, such as reducing my carbon footprint. I would say the most important thing is getting control over your money, but if you've got that part down, you can diversify your goals more.

  3. oceansluver78 Says:
    March 24th, 2009 at 09:15 pm 1237929343
    1237929343

    I perfer to multi-task with 3 or 4 goals at a time. It makes me feel as if I'am accomplishing something without ever bieng overwhelmed.

  4. whitestripe Says:
    March 24th, 2009 at 10:19 pm 1237933163
    1237933163

    I've always had a few going. I think it might be a good idea to have one or two long-term goals, and then a mid term goal and a couple of smaller goals.
    The long term one keeps you focused on the future, the short term ones give you something to look forward to and the mid term ones keep you feeling sane when you aren't making headway on the long term one!

  5. dividing the dime Says:
    March 24th, 2009 at 11:37 pm 1237937832
    1237937832

    The past few years I've been all OVER the place in my savings goals and at the end of last year, while I'd made a jumpstart on many (many!) things, I felt rundown because after all that huffing and puffing I still couldn't check anything off the list. This year, I still have several (!) goals but my focus is narrowed to 2 or 3 at a time. I'm trying to accomplish a few of the smaller goals first (like my Christmas account) so that I can have things to check off the list. My past hyperactivity worked for quite a while, but now I find I need more focus. You'll figure out your own rhythm with trial and error and reviewing your goals. Hang in there!

  6. Apprentice Bliss Hunter Says:
    March 25th, 2009 at 01:46 am 1237945596
    1237945596

    Thanks for the input guys !!

    The crux of the matter for me is whether I should fund my 6 mth EF fund before or after I go on my travelling trip.... The sensible thing would be to fund the EF first and then travel.... however, I don't know if I can hold out that long !! I also think a trip would be a fair reward for getting control of my money, building a small EF and getting out of debt....

    I think I'll made the 6 month EF a medium term goal and the trip a short term goal ( as in within 2 yrs hopefully !!).

    Getting debt-free will also be a short-term goal......I'm gonna refinance my loan so that it will be fully paid before Xmas 2010...

    Trip hopefully sometime in 2011 .... all going well !!

    Will start saving for it now....

    Thanks again guys !! :-)

  7. creditcardfree Says:
    March 25th, 2009 at 03:07 am 1237950422
    1237950422

    Good luck...sounds like a fine plan.

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