Maximize Resources

Think of how gratifying it is to set a goal and achieve it. Financial goals may seem daunting at first, but can be achievable by planning and looking ahead with a positive attitude, for example:

A=Actual event: “When I graduate, I will owe more than $20,000 in student loans.”

B=Beliefs: “I don’t see how I can quickly pay that off, and that debt will hang around for years. I’m excited about my chosen field, but it doesn’t pay that well until I’ve been in the business for at least a few years.”

C=Challenge: “This debt will keep me from getting loans for other things I really want, like a new car or house.”

“If I put a plan in place and start saving now, I know I can get a head start on paying back the loan faster. I need to manage my money rather than letting it manage me.”

“I’m energized because I know that I can face up to my responsibilities, work hard, and pay back my loans quickly. I’ve made an appointment to get free money-management help. I’ll develop a plan that lays out how I need to save starting today. I’ll investigate ways to help me earn additional income or provide experiences that will pay off.”

Practice the ABC Method of Self-Management

Complete Worksheet 4.1 in your text, or develop a related scenario using theABC Template (24.0K) , such as determining a financial goal you may be considering in the next few years. Use the ABC method to work through the obstacles and create a plan for achieving that goal.