Working towards any goal can be incredibly tough, especially when you have to do it alone, without an accountability partner. It’s even tougher when the focus is money, as trying to be financially stable and responsible isn’t a walk in the park. You need someone to team up with for motivation in the coming year.
Here’s how to make it work:
Choosing an Accountability Partner
Your accountability partner should be someone that shares similar financial goals and is willing to team up with you to achieve these goals. (Not someone who’s always sharing new ways and places to ‘chop’ all your cash). He/ she could even be better at money management than you are.
Your accountability partner doesn’t have to be a family or your closest friend. What matters is that he/ she is trustworthy, will pull you up, motivate you and ensure that you are accountable at all times.
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Here’s Why You Need An Accountability Partner:
a. For Motivation
If your goal is to pay up debt or reach a particular savings amount, you might find yourself struggling to catch up. Your accountability partner helps to provide the necessary motivation you need, cheering you on and give you the much-needed support you need to reach your goals and ensure you do not fall off.
b. For New Challenges and New Goals
To help you reach financial freedom early, you and your accountability partner could start and join some challenges and set new goals. You know what the popular quote says: ‘If you want to go fast, go alone. If you want to go far, go together’.
c. To Avoid Procrastination
If you’ve been saying ‘I’ll do it later’ or ‘I’ll do it next week’ for months now, you might need an accountability partner. He/she will keep you on your toes and ensure you save that cash, create that budget or pay that debt ASAP.
d. To Keep You on Your Toes
There’s nothing like some healthy competition to keep you going. You and your accountability partner will keep coming up with new ideas and ways to make money management easier and better for you. A good partner will check up on you constantly; ensuring you are on track always while challenging you to aim higher and do better.
e. To Ensure You Stay Committed
It’s completely normal to get sidelined and forget certain commitments. You could forget about a certain goal you made or a certain action to take. A good accountability partner helps to ensure you follow through on your commitments always.
f. To Learn and Grow
By building synergy and a good relationship with your accountability partner, you can learn and pick up a lot of skills and good habits that could change your life and perspective of things. Never underestimate what you stand to gain from your partner.
Are you ready to get an accountability partner? Tell us, we’d love to know!
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