A journey of a thousand miles begins with a single step.
Have you ever been on a long walk and felt that you’ll never make it on the way? When I was in Sweden with my aunt and uncle, I was taken out on a “walk” that turned into a 13k hike. It was beautiful, but at times I thought we’d never get home. I probably complained a bit. But we made it back to the house, we just had to keep going.
Sometimes when we’re optimizing our financial situations, we can just keep going with what we have. If you’ve got a great debt snowball rolling, for instance, you can just stick with that. And keeping with it is your way of putting one foot in front of the other. That’s why Dave Ramsey organizes his program in “Baby Steps.”
But to go on the journey, you need to take that first step. Perhaps this trip is a stroll around the block like setting up next month’s budget. Maybe it’s a long hike: getting around to setting up your debt snowball and figuring out how you can put more into it.
So I’m giving out a challenge this week:
Find one step you can take to make your financial system better or more organized.
That’s it. It can writing a budget for next month, it can be coming up with a basic budget framework, it can be finding out how much you owe to whom at what interest rates, it can be setting up a debt snowball, or organizing your bank accounts…one step you feel will take you towards your goals. Big or small as you like, it doesn’t matter.
What am I going to do?
Well, I have a charitable donation set up each month to go to the same organization (World Vision). It’s been that way for years and it’s quite convenient. This is the only automatic debit to the bank account I want to close. So I’m going to contact them this week and change that information, along with my married name and mailing address (so parents, you shouldn’t be getting any more mail from them). I’ll report back on Friday about getting it done.
In the meantime, I challenge all of you, dear readers, to take one step. Leave a comment, write your own post (and tag others!), or just do it quietly on your own. Do what makes you feel best about your step—keep it to yourself or share it with the world!
For once, I’m going to actually tag people, but if you really can’t think of something then no pressure. RacerX (who has just come back from hiatus), Randall at Credit Withdrawal, Living Almost Large, Squawkfox, and Blunt Money, you’re all it!
And the rest of you tag yourselves as well!