If you have have read, listened to, or watched any of material on the blog you know that I am a big believer that planning is an important piece of a healthy financial plan.
Because of that I write a lot about goal setting and planning what you want your life to look like 6 months, 3 years, 10 years, 25 years, etc down the road.
But if I’m being honest, looking back at it, the process of Lisa and I planning our spending has been a lot more important than the actual plan itself.
Our plans can change at a moment’s notice due to a sudden job less, illness, death or other event. Or our financial goals change over time. Lisa and I have different financial goals than we did when we first got married or even since the beginning of the year.
But that’s OK, because life is full of changes and surprises, it is what makes life fun! It’s just a reminder to just do your financial goals in pencil, not pen. If you set a financial goal for five years from now, and that goal isn’t as important to you three years from now, don’t fret just adjust your goals.
Planning though has helped us achieve a peace with our finances that wouldn’t have been possible if we had just winged it each month. It lets our mind focus on one or two specific tasks instead of trying to do a million different things simultaneously.
So planning is important but planning is more important than the plan. Just don’t get too attached to your original plan. It might change by your own doing or by life circumstances but it will change in the long run. But remember that the act of planning is what is really going to make your financial goals come true.