That doesn’t mean you’ll always opt for a PB&J over a Big Mac, but at least the decision is intentional. When you frame a decision as a choice between an established priority and a spontaneous splurge, you’re able to make a more informed decision. This way when we’re tempted to order pizza or grab lunch out, we can be reminded of our bigger goal. Since it’s a family goal, this keeps it front and center for the whole family. This helped me see it anytime I was sitting down to budget so I knew I needed to prioritize those savings.įor our Hogwarts tracker, we have it posted on our homeschool whiteboard. While a savings tracker, in general, will help you hit your targets, keeping it someplace where you see it is the key to hitting them faster.įor my Christmas money goal tracker, I posted it on the wall in my office, directly in front of me. This savings tracker is mapping our savings goal journey to the Wizarding World of Harry Potter.įor every $60 we save, we color in a block. You can see where we took our goal ($6000) and divided it by the number of spaces (100) to get the amount each block represents ($60). We’re using this Savings Seeker chart (from DebtFreeCharts) for our trip to The Wizarding World of Harry Potter. Some trackers, specifically debt payoff and long-term savings goals, may not have dates associated with them. That means for each week my goal was to save $50. You can see in my Christmas savings tracker image below that I set a savings goal of $600 over a 12-week span. This way each colored-in segment corresponds to a specific amount saved. Usually, you’ll start by dividing up your coloring spaces by the total amount you want to save. There are different types of savings trackers, each with different methods of filling in your progress. Once you know what you’re saving for, how much you need, and when you need it by, you’re ready to start tracking. So you’re convinced you need to start tracking your savings, but how do you go about actually using or creating a savings tracker?įirst, you need to decide on a few things: The visual reminder of your priorities and the steps you’ve taken to achieve them helps keep you focused and motivated. Not only do they help you clarify and visualize your goals, but by allowing you to visualize your progress, you’re conditioning yourself to succeed. Savings trackers are a great way to reach your financial goals. Why You Should Use Savings Trackers to Reach Your Financial Goals Regardless of what you’re saving for, you can find or create a savings tracker to help you reach your goal. There are also challenge-based money goal trackers for things like a 52-week savings challenge or for paying off credit card debt. Others are more customizable with room for you to specify not only your goals, but the length of time you want to take to reach it. Some are specific to your goal, like a printable Christmas or Disney savings tracker. Typically savings trackers are printable designs with sections you can color in to show your progress. This is an instant digital download no physical item will be shipped.A savings tracker is a visual representation of your goal and your progress towards reaching it. Where can I print it if I don't have a printer? Or some colored fun colored gel pens to help your words flow :).Or you may prefer some intense felt tip pens that make it POP!.Here are some fun colored pencils to help make your tracking time a celebration!. Supplies for your saving money printables. There are lots of things you can be saving for at the same time, grab a tracker for each savings goal! If you're struggling with saving money while paying bills, be sure to check out Paying Yourself First is the Key to Saving Money Every Single Month, Without Fail! It's a framework for setting up your cash flow so that you always get paid first and grow your savings every month! Check out the full list of sinking fund categories to see all the possibilities! Seriously, this is the best savings tracker because the visual aspect keeps you engaged and invested in the process! Plus, who doesn't like to color? Then divide that number by 20 (the number of lines) and that's how much each line section is worth! This is the perfect tracker to track how much you've saved for your emergency fund or whatever you choose! Decide on the total you need (it would ideally be 6-9 months of living expenses for an emergency fund). Sometimes all you need is a little visual motivation to keep you focused on your finances! So if saving money is your goal, then this savings tracker printable is for you!
0 Comments
Leave a Reply. |