See the financial planning that changes  when we change a few habits; the debt reducing, the savings increasing, the investments growing. It is amazing how you find ways to increase the money you put away and it makes you feel so good, you are in control.

My daughter was telling me how they are paying extra off their housing loan, putting extra away in their investment account, and they still have their buffer account which they do not put anymore into because they have reached their target. It continues to grow because of the effect of compound interest. The decision is now will they pay more off their house loan or put more into their investment. Another thought was to put money aside for a holiday. She felt that they deserve a holiday but feel that because of the economic situation she may put that money into the housing loan.

It doesn’t matter what decision is chosen, it will be a decision that is right for them.

Sometimes you are so far from being in control that you cannot see the finish line. So start. Write your commitments onto a sheet of paper, on the left hand side the debt on the right hand side the monthly commitment. Work out how much money you need to meet your commitments. They are your number one priority. How are you going to convince yourself that they are your priority?

If you look at your debt as an investment you made in yourself, you also can see that someone believed in you enough to lend you the money. This is a different way of looking at the debt, a different attitude to the debt; therefore it will precipitate a different approach to the repayment.

This is only the beginning. You can create a different thought process which will amaze you with the difference in the end result.

Have fun with this approach, I know that you are thinking, how can I have fun? Try it and see.