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Three Phase Plan.

September 26th, 2006 at 07:41 pm

The excuses were plentiful. Ranging from 'it's too confusing to figure out a goal time frame with people paying me back for stuff' to 'I don't really know what I want to do with this extra money so why bother'.

But I did it. I sat down and worked out exactly how I wanted things to get paid off. I figured out roughly how long it would take to do it, at least for the first phase. And it actually looks do-able. Nothing like a plan of attack that might actually work. I'm basically trying to get as much taken care of before I make the last payment on my consolidation loan.

My ideas and plans keep shifting but once I put them on 'paper' they seem to solidify a little more.

I put my Three Phase Plan on a Google Spreadsheet, a link can be found under Sites I Frequent. I plan on updating it whenever any of the three phases changes. The hope is that any dates or figures listed are worst case senarios. I know I will have Phase One completed before the end of February but going by what I know I can count on, that's the date that presents itself.

As for the things I know I need, well I will put off getting two new tires until November. I have enough in savings now to pay for them but I want to wait until the last possible moment to pull that money back out. And the Bed. Well, we'll just see where my Emergency Fund is at when September '07 rolls around.

1 Responses to “Three Phase Plan.”

  1. Bookie Says:

    Good for you. The importance of planning is that it requires you to set goals and to establish priorities. You can then lay out a program of action, which gives you a clear sense of direction. None of this is set in stone necessarily, but you are no longer drifting. That is good.

    A lot of people never get as far as you have. That's why they never feel in control of their lives or their money. Others take the first steps only to abandon their plan at the first setback. Flexibility is the key to success in this endeavor because it allows you to adapt to changing circumstances while continuing to progress toward those goals.

    Sounds like you're off to a good start. Keep plugging.


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