Goal setting is no doubt important for all people, but for single women, especially single moms, it’s even more important.
The truth is, many single moms can “get by” without goals or a strong direction in their life, but their lives will be mediocre at best and much of their time will be spent worrying whether or not next month’s bills will get paid. A simple task like setting a single mom budget can be very difficult. (In other words, forget about the “finer things” in life like travel and vacations.)
Without goals a single mom will always be living below their potential and will never be able to create the life that they, and their children, really desire or deserve. Things like a nice home, healthy and nutritious food on the table and, in the future, other things like college and travel.
The good news is that setting goals isn’t all that difficult and, when you do, you’ll have a sort of “roadmap” that helps you harness the energy you need to get things done, focus on the things that are important in your life and get more accomplished than you ever thought possible.
One of the first places to start is to make short-term goals that help you to start moving in the right direction. Think of them as “stepping stones” that lead you on a path to financial success.
One of the most famous painters of the 20th century, Pablo Picasso, believed that goals are extremely important in anyone’s life. One of his most famous quotes is this one: “Our goals can only be reached through a vehicle of the plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.”
In other words mama, without a plan you can’t reach the destination, or without a goal you can’t become financially independent.
Goals will help you to focus your attention on what’s really important because, let’s face it, everyday life can be a bit overwhelming, especially if you have younger kids that are constantly in need of care. Small, achievable goals will give you the “game plan” that you need to make better decisions about practically everything, especially finances. The fact is, nearly every decision that you make will somehow affect your finances.
Getting into the habit of setting, and then checking, your goals can help keep your buying habits and impulses “in check” and will help you to keep your financial fortunes on a positive path. They help you to make better decisions, especially when temptation arises, and can keep you from racking up huge amounts of debt.
Think about it this way; would you rather have a closet overflowing with clothes and shoes or the money to put down a deposit on a home of your own? Setting goals for yourself can help you make either one of those a reality.
We’ll end today’s blog with facts from author Thomas J Stanley, PhD. He wrote the book “Millionaire Women Next Door” in which he found that, among self-made female millionaires, fully two thirds of them set clearly defined goals for themselves on a daily, weekly, monthly and yearly basis.
All of these women reported that they had a solid history of planning and then achieving their goals, and became millionaires in the process. They used goals and goal setting to do it and, now that you know how important goal setting is, you can do it as well.