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There are many challenges that will occur when aspiring to accomplish different things in your life. You may feel as though the universe is lined up against you in a fight to keep you from accomplishment. If you learn to set goals, you can get out of debt, sometimes with very little effort.

Before we discuss how this is possible, you should understand the importance of setting goals. I compare someone trying to accomplish something without having a specifically stated goal with trying to go somewhere without knowing where you are starting from and where it is you are planning to go.

Perhaps that is a simplistic way to look at the importance of goal setting, but it is part of the process of planning a trip. Setting a goal is like planning a trip in the sense that you must first know where you are, and you must also know where you want to go. How to get there is in the details.

Examining our goal of getting out of debt, we can clearly surmise that we know the point we are starting from, which is that we have a fair amount of money we owe to various creditors. In order for us to reach that goal, we must further clarify what getting out of debt really means for us.

Instead of saying our goal is to get out of debt, perhaps we could set benchmarks that are steps toward accomplishing the entire goal. For example, “I will save $100 from each paycheck.” This benchmark does not speak directly to getting out of debt, but is a clearly definable, measurable step toward the ultimate goal.

Further examining our goal of getting out of debt, we can set another benchmark based on the previous one. ”I will use the monthly savings to apply toward outstanding balances.” Again, note that this is a measurable action that is a small part of a large goal.

The theme in this form of goal setting is easy to see. We are accomplishing a large goal, which on its own seems extremely challenging to meet, by setting smaller, easily met benchmarks. Once we consistently meet these benchmarks, we will be well on the road to accomplishing our desired outcome.

Now let’s compare our goal of getting out of debt with planning a trip, as we did earlier. By setting a large goal (get out of debt), we are able to identify both where we are starting from, and where we want to go.

By setting small, attainable benchmarks, we are able to identify some steps necessary for us to get where we want to go. By consistently meeting the benchmarks, we have formed new saving and spending habits that further propel us toward the goal of getting out of debt.

One factor not to be overlooked is that we made saving and paying down what we owe a habit. It is now something we do without fail, which is giving us a tool to apply to future goal accomplishment.

The big picture is that by using something as simple as setting a goal, and by breaking it down into steps with measurable results, we not only accomplish our main goal, but create useful habits in the process.

by Raymond Aaron

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