Women’s Personal Finance Wednesdays – Week 16
1. Small Wins Matter: Take Them When You Can Our Table For Two
This is a recurring theme for me it seems, but I am really appreciating these posts about not-quite reaching goals you’ve set for yourself. It can be so frustrating to not hit a target once you’ve put it out there, but life changes and sometimes the direction you thought you had at the beginning gets nudged in a slightly different direction.
Instead of dwelling on coming up short, Moriah Joy focuses on the small wins that they DID accomplish in the meantime. A lot of why I write my Friday’s Frugal Five is to remind myself that the little wins really add up to the big ones, and that certainly will be the case here. I’m also just super impressed by the way she’s immediately hit her student loans hard before the grace period even ended.
And hey, 70% is still a passing grade.
2. The Frustration of Not Achieving My Financial Goals Michelle Is Money Hungry
What do you know, apparently Moriah Joy isn’t alone in not hitting her financial goals this year and neither am I. We are in good company, too, because Michelle is a pretty dang fabulous lady. I got the chance to meet her in person at Cents Positive back in November, and let me tell you, she’s even more awesome in real life.
But even totally awesome people sometimes don’t reach goals they’ve set for themselves, and that’s okay. A big, wonderful part of the personal finance community is that we’re the kind of people who set our sights on some really lofty accomplishments, and that means that sometimes they aren’t immediately attainable.
And sometimes the slog is long and hard and it can get flat out tiring in the process, be it debt payoff, financial independence, or something in between. And like she says in this post, this process is an ultramarathon for most of us, not a get rich scheme that happens overnight. And in order to complete that ultramarathon, you need to take care of yourself and just keep pushing.
3. Dear Debt, We’re Here Again Dear Debt
So I decided to go all out on the reflection posts this week, and this one certainly fits the bill. For those of you who don’t know Melanie, she’s the totally awesome lady behind the Lola Retreat, the first personal finance retreat just for women. I haven’t gotten to attend one yet, but after heading to Cents Positive, I totally want in.
Before that, she paid off $81,000 of debt and had plans of never going back there again. But thanks to the awesome opportunities she has with her business, she’s now facing down debt again, albeit what should be a very short period of time. Again, so many people would write off business debt as “good debt” in order to grow their business, but have such a fight to be debt free, I can see why she’s struggled here. Still, that uncomfortableness and understanding of her response to debt are exactly why she will be debt free again very soon.