Save for a house, travel the world, swim with dolphins. #shareyourgoal – whatever it may be – for your chance to win one of four prizes of £5,000.
What do you actually want in life?
The answer to this will surely be different to everyone. And, depending on what’s going on in your life, the answer may well be completely different to what you want next month, next year, and in10 year’s time.
Perhaps you want to clear your overdraft, or save for a much deserved family holiday, save enough to put your child through private school or travel the world.
No matter how big your goal, if you put a financial plan in place and start working hard, there shouldn’t be a reason for you not achieving it!
My financial goal
When we first started on our debt journey, we knew that getting our debt down to zero was our number one priority. That was our goal and what we were aiming for.
However, because we were clearing off £40,000 worth of it (!) having that as one goal just seemed impossible.
Here are some of the things we did to help achieve our goal:
Share your goal
We told the entire world, which is a bit extreme – you don’t have to do that!
But you could share your goal with friends and family. That way, other people will know about it, and the idea will not be trapped inside your head. They may even be able to help you along the way.
How about writing it down on a post-it note and put in on the bathroom mirror so you can see it as well? This will give you a reminder of what you’re working towards.
Making your goal public will mean that you’re accountable to it. If you’ve said it then you need to see it through. In fact, insurer Zurich has found that people who set clear goals save way more than those who don’t as they have something to visualise and aim for.
There is no way we could have even begun to clear our debt and work towards our financial goal if we didn’t work together.
In the past, one of us thought we’d try a budget plan, but the other person didn’t follow it and the whole thing went out of the window.
This time we made sure we were on the same page; we had each other’s backs. We agreed where we wanted to get to and how we were going to do it – we wanted the same thing. This made it far easier and there was no battle further down the line.
When we looked at the whole £40k it seemed like an impossible task and we were almost put off before we had even started.
Instead of working towards the whole lump sum of £40k we broke it down into smaller bits. Breaking the whole amount into manageable pieces made the whole thing seem far easier.
We started to look at our smaller debts first. They seemed really easy to clear and the momentum picked up fast. But when they were gone, the other debts were in their thousands and would take far more time, so we broke them down into £100 or £500 targets.
It gave us lots of opportunities to give ourselves a mini high-five!
Celebrate the wins
Having smaller goals also meant we could celebrate when we reached one of them.
Clearing such a large sum of debt takes years and we didn’t want to live under a cloud of never succeeding. So, when we reached one of our mini goals, we’d congratulate ourselves with an inexpensive treat. We may have rented a film, or bought a takeout or decided to have a date night.
Celebrating when we got to our target kept us going to want to achieve more.
Give yourself a timescale
It’s all very well and good having a financial target to clear debt but when would it end? Some of our repayments plans were initially set up at £5 or even £1 a month! If we carried on…well the repayment would take for far too long!
We set ourselves a timescale, which meant we would be able to live comfortably, but we would have to work hard to achieve the goal. This meant that the £1 payments (even though they were agreed with the creditors) couldn’t go on forever, and we’d need to find ways to up the amounts and hit our target date when we said we would.
What’s your goal?
So you’ve heard all about my goal, but what do you want to do? What do you want to achieve?
Whether big or small, now is the time to share it. Research shows that sharing your goal with others will make you more likely to achieve it.
Share your goal
Do you need to think about it for long, or do you already know what you want?
Is it about saving for your future? For your retirement? For your kids?
Or perhaps it’s getting financially stable and having some money so you can start your own business?
Or do you have a more zany idea maybe to tightrope across the Niagara Falls, or skydive in Australia, or walk across hot coals in Thailand?
Whatever your goal, I’m sure that £5,000 cash would really help it come to life!
You could be one of four very lucky people to get your hands on a prize of £5,000 by sharing your goals.
The people who share the most inspirational posts will be picked as the prize winners.
So think about what you REALLY want.
Write it down, take a photo, make a video to show what your goal is.
Then post your goal to the Zurich Facebook page using #shareyourgoal or on twitter @ZurichFutureYou
You can enter until 1pm on 16 April 2107, so get your thinking caps on and grab the chance to turn your potential goal into a reality! Find out full details on the competition here.
Written in collaboration with Zurich
Ricky Willis is the original Skint Dad. A money-making enthusiast, father, and husband to Naomi. He is always looking for unique ways to earn a little extra.