thread: How do you keep focused and motivated for your long term financial goals?

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  1. #1
    Registered User

    Sep 2008
    Gold Coast
    1,153

    I have decided to do it 1 debt at a time.
    Pay the minimum on them all, and put any extra on that one debt.
    Currently, we are working on my car.
    I prob makes more sense to spread the extra over all of them, but the rewards are so small then. I need more short term goals than long term gain KWIM?

  2. #2
    Registered User

    Apr 2008
    Melbourne
    6,745

    It's hard to keep focus but I think or person has to be tough and be the controller to make sure things don't go off track. once you do it for a while you get used to it and it becomes easier.

  3. #3
    BellyBelly Member

    Jan 2010
    2,793

    I keep focussed purely by setting yearly goals and then checking each month how close to them I am. I decided that last year I wanted to get debt down to x amount. We made it and I've sry a slightly bigger goal this year (figured I wouldn't need to pay extra and that the reduced interest should do it for us). I always put our tax refund into our debt - it's nice to are a larger chunk of debt disappear one month.