7 Tips to Make Financial Planning Fun in 2018

7 Tips to Make Financial Planning Fun in 2018

make financial planning fun

Financial planning is only about hard work and sacrifice, right? Wrong! At its core, financial planning is about finding balance. You don’t have to scrimp and save every spare penny to achieve your goals, but you do need to have some discipline. Whether you bring home $40,000 or $200,000 a year, there are a few ways you can make financial planning stress-free and fun.

Create an inspiration board.

If you’re the creative type, a visual inspiration board could be useful for you to envision your end goal. What is it that you want to achieve through financial planning? Early retirement? Opening a business? Buying a beach house? You could create a board online using Pinterest, or go the old-fashioned route. Gather your scissors, a glue stick, and old magazines, and go to town.

Have a positive attitude.

You can’t go into financial planning thinking, “This is so boring,” or “I’ll never reach this goal!” Start with an open mind and positive thinking. Even if things don’t look so great right now, know that every positive thing you do to save and invest today will have a positive impact in the near future.

Don’t deny yourself small pleasures.

We know you’ve heard over and over again that if you’d just give up that morning cup of Starbucks, you’d save X number of dollars each month. But if your daily iced coffee is something that makes you happy, why give it up? There is a catch, though. To make up for those small pleasures, you should find other areas where you can save.

Celebrate small goals and milestones.

Once you’re able to measure your success in savings and investments, reward yourself for reaching certain milestones. Don’t blow all your savings celebrating. We’re talking small rewards. For example, if you managed to brown bag it for lunch at work all week, why not go out for a nice lunch on Friday?

Make it a game.

Whether you’re competing with yourself, your spouse, or a friend, saving can be much easier when you make it a game. If you cut your food expenditures by $50 this week, see if you can cut it by another $20 next week. If you’re competing with a friend, compare investments and how they performed in a certain time period. Having a competitive side can really work in your favor in this situation.

Give yourself visual reminders.

Having trouble not pulling that credit card out to make impulse purchases? Try taping tiny photos that represent your goals to your credit and debit cards as a constant reminder of what you’re working toward.

Include pocket money in your budget.

Life is meant to be enjoyed. If you don’t include some fun money in your financial planning (like money for the occasional pedicure or guys’ night out), you might end up spending money from elsewhere in your budget. Giving yourself room to play makes it easier to stick to the budget and reach your financial goals faster!

 If you need help finding the fun in your financial planning this year, The Hopman Group is here to help. Don’t hesitate to give us a call!

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