Break up Big Goals into Smaller bites

iVillage Member
Registered: 11-14-2008
Break up Big Goals into Smaller bites
7
Wed, 11-07-2012 - 5:10pm

I'm feeling a little overwhelmed this week with my new savings goal for a down payment for a new house. So this is a reminder of the tool we use here to break up large goals into smaller ones. Whether you are saving or paying down debt it is really helpful to have a smaller goal to celebrate as you work towards your big goal. 

So not only do we have save a large amount we have to save fees and lawyer fees to make this dream a reality. I have broken this down for us into smaller chunks that will be easier to swallow. When we reach those goals we will celebrate. 

You can pick a goal that does not cost money but for our first celebration it will cost a bit. But I have found a cheaper solution. I am going to buy some lobster tails at Costco which cost much less than our regular grocery store and I am going to cook them for my husband and I as part of a candle light supper after the baby goes to bed.  I don't know exactly how long this will take us to reach this goal but I have an idea and hope to reach it. 

I had forgotten about this helpful tool until a very good friend of mine reminded me. 

I am very excited about this and I hope this motivates you all to reach your goals and dreams. 

Community Leader
Registered: 08-25-2006
Thu, 11-08-2012 - 1:31pm

Guess quick reply still isn't working.  If this shows up 3 times, we will know why. 

Thanks for posting, Karen.  We all need a reminder. 

Goals are good, but we don't want to get overwhelmed, either.

Serenity

Serenity
iVillage Member
Registered: 12-31-2010
Thu, 11-08-2012 - 3:10pm

Karen -

No we don't get to major goals overnight and good small goals are great steps in the right direction. 

DH and I did not get to this level of debt payoff in a month or a year, it has now been over 4 years, and things have happened in the meantime.

Personally I am giving up the new house dream for now, and working on fixing up what we have.  If we sell, it will fetch a higher price, and we can live in a nicer home along the way.  If we never sell, we fixed it up for ourselves to enjoy.  To redo the entire home I figure might take about $40k or more (kitchen, master bath, carpet in bedrooms, finish basement with bath down there, new landscaping, siding, paint garage, etc.)

We submitted paperwork for a refinance, which will save us $73k total and we will be paid off by age 64. I really don't want a house payment in retirement. Therefore, DH is letting me do one room at a time, in affect smaller goals we can celebrate when accomplished.

Got new carpet yesterday ($418 intalled with pad and tear-up,) paid cash.  Now that "office" I have been complaining about for about 2 years (see my January, February...goals) is going to be a nice sunny den, so the kids can hang in there sometimes.  Gives us double the seating space on our main floor.  No one used the office to study anymore, and there was no TV or place to sit other than the office chair, so everyone was in the living room all the time.  I don't know, but when your kids come home from college, the house seems so much smaller!!  Having this extra space for them to spread out will be really nice.  Need blinds in there, but if I can get those, my 2013 goal is met.

2014 is a quandry.  Would love to tackle the basement, but our bathroom is getting me down, as is the kitchen.  Not sure, but I am sure DH and I will come to a conclusion by January.

Good job, Karen.  And how is that little princess doing?

-Marie

 

 

#Marie
iVillage Member
Registered: 10-01-2008
Thu, 11-08-2012 - 4:34pm
Congrats on the new Den!
iVillage Member
Registered: 10-01-2008
Thu, 11-08-2012 - 4:35pm
Good luck Karen....this sounds like the correct way to tackle the big task at hand.
Community Leader
Registered: 08-25-2006
Thu, 11-08-2012 - 7:37pm

Marie, you may have already seen this, but it was new to me.

A paint and automotive clear coat that makes your countertops look like granite!  I am skeptical of how easy the brochure makes it sound, but looks if done right, it could be pretty cool. 

Just a thought.  Cool

Serenity
iVillage Member
Registered: 04-08-2008
Thu, 11-08-2012 - 9:51pm

That is a great idea and thanks for sharing.

Saving for a dream house is so exciting. It will so amazing when it comes!!!!

Dee

iVillage Member
Registered: 11-14-2008
Fri, 11-09-2012 - 9:13am
I am so glad you got your new carpet! Nice spaces are great. We just rearranged our living room for more space and to baby proof for the little princess that will be mobile really soon! I can't believe she is 4 months old next week! I vote for the kitchen for you to fix up since you spend more time in there to make meals to save money from eating out. A little functionality goes a long way. Good luck with your room to room goals, I like it!