Treavor Dodsworth CFP®, CPA, CKA®
#20 - What Are You Measuring?
About a year and a half ago, a current client told me the well-known quote - “What gets measured gets improved.” I have thought of that quote multiple times since. It has very clear implications in personal finance and is especially pertinent given this time of year.
Very soon, people will be setting New Year’s resolutions (if they have not already). New Year’s resolutions are infamous for being broken. One simple way to combat that is to start tracking your resolution.
Let’s say the New Year’s resolution is to start being more intentional with the people around you. Turn it into something quantifiable- number of encouraging text sent, number of cards sent, number of dates you went on with your spouse, etc. And then track it.
Remember "what gets measured gets improved" when you make your resolutions this year.
Interesting Article(s) or Video(s)
Fortune - Your Non-Rational Holiday Gifting Habits Are Officially Driving Behavioral Economics Crazy
Gift giving is hard. Hopefully this article will help! I definitely gave a few gift cards this year.
Thank you for reading! What can you start measuring?