Thursday May 23, 2013

Reaching your Savings Goals

23 August 2010

3362006931 ba1af29617 b1 150x150 Reaching your Savings GoalsWhile reviewing my savings accounts, I came to realize that over the past few months I have reached one of my savings goals.

It came to my attention that the fact is, I reached the goal over a month and a half ago, however I failed to notice it while I reviewed my account last month.

The question that arises is how important was reaching that goal?

It clearly was important enough for me to start saving for it, however it was not important enough to remember it as time went on, despite spending months saving for it.

This leaves me a fork in the road. One option is to acknowledge I have reached my goal, and begin making plans to carry it out, while the other is to ignore it and place the money towards another goal I am currently working towards.

The difficult part between these two choices is that if I do not carry out my goal, then what was the point of even saving to begin with?

I find that without having a goal in mind, saving can be quite difficult for anyone. Without a goal, you have little to no motivation to save at all.

However, if you do not spend the money you worked so hard to save, and continue to save for a bigger goal, what would stop you from forgoing the next goal to move onto an even bigger one.

Where does it all end?

The answer can be much easier than one might think. When a goal is important enough, it will be the only thing driving you to save every month, possibly even more than you normally do.

Whenever you feel that the money is too important to part with, especially after you spent so much time saving it, remember that there is no point not enjoying your hard earned money. Do not let life past you by because you did not want to part with your savings.

About the Author

Sensei

My favorite weapon of choice is the samurai sword. I use it to cut my chicken during dinner, cut my hair and periodically carve my name into stone when I am bored. I love meditating on top of a 15ft high pole and eating those sushi’s with smoked salmon on top. I love everything there is about Canada and everything financially related to Canadians. I write deily posts from Canadian Banks to Credit Card information.

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