Present day PoniesandFIRE is way more in control of her finances than a few years ago.
We have a decent net worth, retirement savings, a plan, no student loans or credit card debt, yet some days I still feel overwhelmed. The financial goals we have set seem impossible at times and the desire to hit them ahead of schedule is often on my mind. I want to reach FIRE and I want it NOW!
When that feeling of being overwhelmed by the tasks in front of us takes over, here are a few things I’ve started doing to help.
1. Review our monthly financial snapshots. Every month, I write up a word doc with some basics of our financial situation (debt, retirement account balances, 529 balance, cash savings, etc). We have almost two years of these now and it is so empowering to look back where we were 1 or 2 years ago and see the progress we’ve made.
2. Find something to list for sale on FB marketplace. The idea of selling something and having extra unplanned money in the budget is a huge mental boost.
3. Make a list of small actionable items I can do that week or month to help move the needle. I’m obviously all about lists, so this is actually fun for me.
4. Use Dave Ramsey’s investing calculator to play around with how our timeline changes in the future when things like daycare costs go away and we can raise our investments.
5. Play outside with PoniesandFIREjr, enjoy the sunshine and stop thinking about finances for a while!
6. Plan a free or cheap family activity (hiking, fishing, camping in our backyard, etc) and embrace the fun of where we are at now in life.
7. Schedule a little “me” time. I am terrible at overscheduling between my job and my side hustle and when I start to feel overwhelmed, it often means I need to dial it back a touch for a day or two.
8. Exercise. Those endorphins from a good workout are no joke and sometimes my best ideas come during a run.
9. Gather up all the spare change from our cars and house and deposit it! Those few dollars might not be a big step towards our goal, but they might be enough to feel like I’ve made some progress that day.
10. Listen to a financial podcast or re-read one of my favorite financial books or blogs. Hearing about other people’s struggles and successes is hugely reinvigorating! I always end up thinking, if they can do it, so can I!