Here is a quick confession. I did not start writing down my goals and plans down on paper until I became older. When I was younger, I was driven and had a much better memory. As I have grown older, my drive is the same but my memory is not.
Many studies have been conducted that show the power of writing down your financial goals and plans. If you have never written down an agenda, I encourage you to start. If you have in the past, I am willing to bet you remember the benefit of it even though it fell from your routine.
One of the most common ways of setting goals and writing them down is to follow the S.M.A.R.T. formula. It stands for, Specific, Measurable, Attainable, Realistic, and Time Based. If your goals can meet all of these categories, you will have a much easier time attaining them.
The 5 Benefits Of Writing Your Goals Down
1. It will clearly detail what you want
By writing down your main goal, to be debt free, to be financially secure, to reduce your stress and increase your happiness, you have the ability to clearly see where you want to go. With it in front of you, you have the ability to see the finish line on a daily basis.
2. It provides you with a road map of where you are and how to get where you want to go
In addition to writing down your goals, making bullet points and strategies below them can help motivate you. Each day you wake up you can go over your list and identify if you are still moving in the right direction or if you need to make an adjustment.
3. You can analyze your progress
By examining your progress, you can see the small victories you are making as you continue to strive for these goals.
4. Keeps you focused
I am quickly distracted by other twists and turns of life and can begin to lose track of my main goals. Keeping your goals visible and accessible assists with keeping you on track and focused when life throws you a curve ball.
5. As you can probably guess from the above listed reasons, studies show you are more likely to achieve your goals if you write them down.
This strategy is also shared by your budget. (Related Article —>Budget Isn’t A Bad Word) By writing down your plan and what you need to do, when you start to feel overwhelmed or lost, you can quickly refer to your thought out game plan to get yourself back on track. This greatly contributes to the success of your goal achievement!
Here is my free template to write our your SMART Goals: SmartGoals
Have you written your goals down in the past? Did it help you why or why not? Comment below, I’d love to hear your view point! If you haven’t signed up to receive future articles by email, please add yourself at the bottom of this page. If you found this article beneficial, please share it on social media to help me grow my audience! Stay safe my friends -you work too hard to be this broke!