5 Ways to Stay Balanced While Crafting A New Personal Financial Plan

personal financial plan

If you’re in the process of repairing your credit, you definitely need a personal financial plan for yourself.  This in many cases, should involve pursuing a side hustle to make and save extra money.  Don't worry, you are not alone in this.  According to Bankrate.com, 37% of Americans are working a side job.  This added income will allow you to pay off your debt more quickly and get you back on track to reach your personal financial goals.

No matter what your side hustle, you may start to feel tired.  This can be especially true if you’re also working a demanding full-time job and taking care of a family and household.  In this article, we share some tips for avoiding burnout from your side hustle, so you can continue down the path of repairing your credit.

 

Stay Focused on Your Goal

 

One reason that people start to feel burned out when trying to follow their personal financial plan is because they’re doing something difficult and tiring.  Even if it’s only for a short period of time, they tend to lose sight of their goals. Write your credit repair goal on a big piece of paper and tape it somewhere where you’ll see it everyday. To take it one step further, don’t simply write down your personal financial goal but also write down how you’ll feel once you accomplish it.  Imagine the sweet taste of achievement and focus on how great it will feel.

 

Take up a hobby

  personal financial plan

[Photo by David Bartus from Pexels]

 

When you are working two jobs, you can feel like you don't have a life.  That can of course lead to losing sight of your personal financial goals.  In an effort to keep your work game going strong, you should find some activity to do that you enjoy.  This could be a group sport or any other interests you may have.  Taking the time out for some self care will re-charge your batteries and keep your productivity levels up.

 

Your personal financial plan should include lots of sleep

 

Scheduling time off for yourself is key to juggling two jobs.  Don't worry, sleeping in one day a week will not throw you off track.  Doing precisely just that is what will help keep you on track.  Not to mention it will help recharge your body and mind.  We all need a mental health day from time to time.

The key to getting the most restful sleep is to come up with your own bedtime routine.  This should consist of powering down at least an hour before you fall asleep.  You can also make some bed time tea and put on some relaxing music.   Also make your room as clutter free as possible.  Having unfolded laundry and any other disorganized areas can cause additional stress.

 

Ask for Help So You Can Stay on Track With Your Personal Financial Plan

 

Explain to your friends and family why you’ve been working so much. If they love you, they’ll understand that you have a personal financial plan that includes big goals and that you’re simply trying to improve your life. They may not like the fact that you don’t have as much time to have fun, but they know your situation is temporary. If possible, ask your friends and family for help and then pay back the favors when you’re able to.

We weren’t put on this earth to spend all day, every day working, but sometimes this type of lifestyle is necessary in order to overcome a temporary setback or get ourselves one step closer to achieving our goals. Remember not to define your identity by your work and try to have as much fun in the process as possible. Find opportunities to laugh and don’t take yourself too seriously.

 

Treat yourself

  personal financial plan

[Photo by Element5 Digital from Pexels]

 

Small accomplishments are just as important as the big ones.  As you go along the credit repair journey, celebrate any small wins.  Say you were able to get a negative item removed from your report or you paid off a credit card bill with your side hustle money.  Reward yourself with something.  This doesn't mean go and by those designer shoes you have your eye on.  This could be something as simple as your favorite chocolate or some other small thing that brings you a sense of joy.

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