What gets measured gets improved.
Have you heard this advice before? “What gets measured gets improved.”
It’s particularly applicable to your finances. When you focus on your numbers – your bills, your debts, how you spend your money, and how much you save for your future – those numbers tend to improve. It’s human nature. We want to “win” at whatever game or challenge we’re facing.
So let’s go . . . game on.
If you’ve been following my series on de-stressing your finances, you’ve already done some of the work when you took inventory of your debts, expenses, savings, and more.
Now it’s time to create a monthly budget and keep track of those numbers on a regular basis . . . making sure you find the money to apply to those areas where you want to win.
Step #1: Look online for a budgeting worksheet you like (spreadsheets and apps work, too). Then start inputting your numbers. This will take some time to find all the expenses, particularly if you do a one-year budget where your costs change month to month.
Step #2: Highlight one area where you want to focus first, such as: Creating a small emergency fund • Paying off your car loan • Saving 15% of your paycheck for retirement.
Step #3: Decide how you’ll get the money together to achieve that goal. If it’s a $1,000 emergency fund, for example, can you: sell unused sports equipment or other items? Do weekend projects? Take a second job for 90 days? And if it’s saving 15% in a retirement plan at work, calculate how much your new take-home pay would be – then budget other areas (eating out, travel, cable TV) accordingly.
There’s real power in focusing on one goal at a time until it’s achieved.
And what’s even more powerful is how many opportunities will appear unexpectedly to help you achieve your goal faster or easier.
I’m up for that kind of powerful focus . . . how about you?
In fact, focus is what the Oola lifestyle taught me, and it’s what I help others do as an Oola Life Coach. If you think working together to keep you on track and accountable for results is something that would get you to a balanced life (and finances) faster, I’m here to help.
Message me and we can jump on a call to chat about it. Or go here to check out the 10-Week Oola Coaching Program. I deliver for clients who want more balance, less stress, and more happiness in their lives.
For now, drop a comment below and share the one thing you’ll be focused on as your very first “win.