Day 27 Of 30 Days Of Stay-At-Home Personal Finance Wins: Write Down Your Financial Goals

3 minute read

What if you were able to come out of this time of social distancing and economic crisis with a stronger and healthier financial life? What if you looked at this as an opportunity to take a little bit of your extra time each day to work on your finances?

Since it takes me about 35 minutes to drive to work in the morning and 45 minutes on the way back home, I have an extra 1 hour and 20 minutes of my day that I don’t have to drive while I’m working from home that I can use to accomplish something. This doesn’t even take into consideration all of the networking and social events that would usually take up some of my time throughout the week.

Obviously, your situation is different than mine (and probably a whole lot different if you have kids at home who would otherwise be in daycare), but I’m guessing that we all have at least a little extra time right now that we can dedicate to our personal finances.

It looks like we’re going to continue to practice our social distancing skills at least through April, and now is a great time to work on creating a better financial situation, so I’m giving you 30 days of stay-at-home personal finance wins throughout April.

Unfortunately, I understand that there are many who have (and who will) lose their jobs during this time of uncertainty and objectively will not come out on the other side of this with a stronger financial situation. Hopefully, many of these personal finance wins can help to lessen the blow and make things easier on them. On the other hand, I think that many of these wins are still relevant to those who are fortunate enough to be in a position to not have to worry about their job and their finances to help them build a healthier financial life.

Day 27: Write Down Your Financial Goals

A quick Google search yields tons of results stating that studies have shown that simply writing down your goals makes you much more likely to reach them. Unfortunately, most people never take this opportunity, especially when it comes to their personal finances. If something so simple can result in such great results, then why not take a few minutes out of your day to think about what you really want your money to do for you and write it down.

It’s hard to think about financial goals. Most people have never really considered what they want besides what society has told them they should want. However, we know that everyone is different and has different tastes, wants, and desires. This is exactly why it’s so important to go through the exercise of writing down your goals. It doesn’t have to be perfect. Just get started on it and get a pen to paper. You can always adjust and refine later.

If you’ve taken the time to identify your Money Dials, then this exercise should be much easier.