I can’t believe we are already in March of the 2009! Once again, thank you so much for your support! I learned so much from all of you and as I always say, contact me if I can be of help.
Personal Finance Quarterly Performances?
One thing I learned in my sales days is the idea of quarterly performances. Every 3 months (ending March, June, September and December), we hold a review to discuss our recent performances, which usually reminds us to work extra harder during the last month to boost our sales numbers in fear of getting into trouble.
If we do this with our own finances, maybe it will motivate us to work harder too. I’m just thinking off the top of my head here, but what if we align our goals quarterly as well as annually and try to meet certain metrics? Wouldn’t that help keep us on track even more? What I mean is, if I wanted to save $1,000 by the first quarter of 2009 for example and I found out that I saved $500 now, wouldn’t that remind us to be more frugal this month? Anyway, I will let you take the idea and run with it.
Personal Finance Article Picks from Last Month
- What Everyone Ought to Know About Free Stuff
- Positive Influence of Saving Money
- Freeze Your Credit Cards to Ice Your Spending
- Stop Thinking About True Value and Buy Just What You Need
- Counter Intuitive Way of Lowering Your Spending
- Tricks to Help Deal with Unaffordable Purchases
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{ 1 comment… read it below or add one }
As someone who was also in sales previously, I think having goals and regularly tracking your progress is a great idea.
I’d warn people, however, to use something like what you suggested–amount saved–as the metric. Focusing on something like net worth could leave people paying attention to things over which they have no control–like how the market did over the last 3 months.