Use A ‘Parallel Goal’ To Reach Financial Milestones

Use A ‘Parallel Goal’ To Reach Financial Milestones

Money goals are usually about changing your financial habits, and changing deeply ingrained behaviours can be difficult. To tackle your goal more effectively, consider using a “Parallel Goal” that works in tandem with your original one.

Money picture from Shutterstock

ReadyForZero explains:

Find a parallel goal that works in accordance with your financial goal: Ever notice how when you start to work out more, you tend to put more value on eating healthier? The same goes for the positive impact of financial success parallelling with other aspects of your life. When you feel in control of one area, you recognise that you do have agency and choice in your life and decisions. Harness that and multiply the effect by applying it to another goal, whether that be your career, your health, or your exercise regime.

Of course, there's something to be said for focusing on one thing at a time, so this tactic might not work in every situation. But financial goals are often compared to diet goals -- they work best when you understand them as a shift in lifestyle. So it makes sense that adding a similar goal to the mix could support that shift.

For more tips, check out the full post.

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