Do you keep score? By keeping score it just might motivate you to save money save for goals, become debt free, and pay your house off. If you are a gamer you might be motivated by turning it all into a game. But the game is only fun if we are winning, do you have a winning plan? (If not please read my getting out of debt article.) Have you been taught to stay away from debt, save for retirement or as I call it make your money work harder work for you.
Each month I make a habit to look at our families financial statement to see if the balance improving.
Then I take a furturistic look at my next goal.. which is paying off my home mortgage. I really like the what the cost website. I plug in all my numbers and see how long it will take to get to my goal by doing what I am currently doing. It tells me that I will have my home paid off in 13 years. Then I plug in paying double payments it says 6 years and my home will be paid off. Just seeing the numbers and having a writing plan (or map) Really motivates me. So if I aim for 6 years and don't quite make it I am better off than if I never played the game at all. My prize if I sacrafice my income now is that I could help my children with college and their weddings. Then save for retirement for the rest of the years that I work. Plus have freedoms to take vacations, travel and more time to help others with their money. I keep thinking keep my eye on the prize. Or in other words what is my WHY. Each month can be the budget game and each month I can play again and maybe get a better score by not spending as much and paying more down on the house and in about 6 years I will beat this game. Then I get to try onther game save for retirement and learning to invest.
good luck everyone
Your debt freedom coach
Gina
