I was talking to a friend the other day about how swamped I am and how I can’t seem to get half of what I want to accomplish done in a day. The friend advised me to just take it one day at a time and not worry about what work was coming down the pipe. She said if I only focus on today and what I need to get done it won’t be overwhelming. Good advice.
Later, I started thinking that the same could be said of financial goals. It is overwhelming to think “I want to save $30,000 for a down payment on a house,” or, “I want to save 5 months of expenses so I have a safety cushion when I become a stay-at-home mom.”It is much easier to think, “How little can I spend today? I want to spend as little as possible for today.” That also helps avoid the feelings of deprivation that sometimes occur because I am only trying not to spend money for one day. Of course, over time those days and months add up to accomplishing those big goals.