The Power of a Plan

𝗖𝗮𝗻 𝘆𝗼𝘂 𝗯𝗲𝗹𝗶𝗲𝘃𝗲 𝘁𝗵𝗲 𝗘𝗮𝘀𝘁𝗲𝗿 𝗕𝘂𝗻𝗻𝘆 𝗶𝘀 𝗮𝗹𝗺𝗼𝘀𝘁 𝗵𝗲𝗿𝗲? As we move rapidly through 2023, it's a timely reminder that every week counts when it comes to making financial progress. 

January was expensive with a Christmas spending hangover and back to school expenses. Surely February was better for the bank balance, right? 

Sadly, for many people February felt like another lost month.  However, whilst the cost of living and inflation remained high, and another two interest rate rises have been delivered, it’s still possible to make progress.

𝗠𝗮𝗿𝗰𝗵 𝗶𝘀 𝘆𝗼𝘂𝗿 𝗺𝗼𝗻𝘁𝗵 to set a new course and turn things around. Remember, even though those external factors can influence your progress, you have the power to act today. A powerful tool for making progress is a personal plan.

A plan gives you a roadmap for the future, a clear idea of where you want to be and how to get there.  It involves setting 𝗺𝗲𝗮𝘀𝘂𝗿𝗮𝗯𝗹𝗲 𝗴𝗼𝗮𝗹𝘀 and creating 𝗮𝗰𝘁𝗶𝗼𝗻𝗮𝗯𝗹𝗲 𝘀𝘁𝗲𝗽𝘀 to achieve them.

Imagine if your favourite sporting team headed onto the field without a game plan.  They would be lost, unsure of their objectives and lacking a clear strategy to achieve them. The team would be susceptible to making mistakes and may fail to perform at their best. 𝗛𝗮𝘃𝗶𝗻𝗴 𝗮 𝗴𝗮𝗺𝗲 𝗽𝗹𝗮𝗻 𝗶𝘀 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 to give us a red-hot chance of winning. Similarly, having a plan for our financial success is critical.

Here’s how to get started with a plan for your money.

[1] Take a blank page and begin by setting specific financial goals. These could include saving for an emergency fund, paying off debt, or keeping up with home loan payments.

[2] Next, assess your current financial situation by reviewing your income, expenses, and debt. This will help you determine how much is available to put towards your goals.

[3] Then, create a budget that outlines your monthly income and expenses, including essentials such as rent, bills, and groceries. Adjust your spending habits to free up additional funds to put towards your financial goals.

[4] Finally, establish a timeline for achieving your goals and create a plan to track your progress. Regularly review and adjust your plan as necessary to ensure you stay on track and continue making progress towards achieving financial success.

As the quote goes, “𝑵𝒐 𝒑𝒍𝒂𝒏 𝒔𝒖𝒓𝒗𝒊𝒗𝒆𝒔 𝒄𝒐𝒏𝒕𝒂𝒄𝒕 𝒘𝒊𝒕𝒉 𝒕𝒉𝒆 𝒆𝒏𝒆𝒎𝒚” - this means we should expect to be pulled off course.

Be kind to yourself when it happens. Then get straight onto adjusting your plan for that month and refocus on moving ahead. 

𝗜𝘁’𝘀 𝗮𝗹𝗹 𝗮𝗯𝗼𝘂𝘁 𝗣𝗿𝗼𝗴𝗿𝗲𝘀𝘀 𝗡𝗢𝗧 𝗣𝗲𝗿𝗳𝗲𝗰𝘁𝗶𝗼𝗻.

If this is the first time you’ve drawn up a plan, then allow yourself the space to make mistakes and learn. A plan brings many benefits. It helps you stay focused and on track, even during busy or unexpected times.

Knowing your goals enables better decision-making, saving time and energy for what matters most in your life.

Additionally, setting measurable goals and tracking progress provides motivation and a sense of accomplishment as you move forward.

Don't let your current financial situation discourage you. Instead, take control by developing a plan and believing in yourself.

Remember that progress is made one step at a time, and the effort is worth it because 𝗟𝗶𝗳𝗲 𝗶𝘀 𝘁𝗼𝗼 𝘀𝗵𝗼𝗿𝘁 𝘁𝗼 𝘄𝗼𝗿𝗿𝘆 𝗮𝗯𝗼𝘂𝘁 𝗺𝗼𝗻𝗲𝘆.

Your plan can help you achieve the financial peace of mind you deserve.

Go for it!

DM me to 𝗚𝗮𝗶𝗻 𝗖𝗹𝗮𝗿𝗶𝘁𝘆, 𝗧𝗮𝗸𝗲 𝗖𝗼𝗻𝘁𝗿𝗼𝗹, 𝗮𝗻𝗱 𝗪𝗶𝗻 𝘄𝗶𝘁𝗵 𝗠𝗼𝗻𝗲𝘆.

As published this week -