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Reaching your goals

It's the last hump day of May and we could all use a little inspiration right now. Take a moment to think about what it would be like to achieve your most important money goal.

Before James Dyson invented his now world famous Dual Cyclone vacuum cleaner, he spent 15 years creating 5,126 versions that failed. People who succeed never quit – they fall down and they get back up. The same applies to achieving your money goals

Here’s a story of a single mom, Kumiko, who had fought her way through the cycles of debt and got to what she once thought was an “unimaginable achievement”. She went from struggling to make the minimum payments on credit cards to owning a profitable business.

It certainly wasn’t easy for her. Before becoming debt free, she had struggled with credit cards for years – she would pay it off only to rack it up quickly again. She went through a period of self-reflection to understand why she was spending more than she knew she could afford. She had to cut her spending in order to pay off her debt, so a budget was essential. She tried many budgeting methods and failed many times along the way. But by being persistent and having the courage to face her problem head on, she ultimately achieved her money goals. In 2017, her debt totalled over $77,000 but with a working budget, and using the Avalanche method, she managed to pay off this debt in only a year.

The take away from her story is that there isn’t one perfect path for everyone to get in control of their finances, everyone is different. The keys are resilience and persistence. While you may hit a few humps and bumps along the way, don’t give up. Continue making progress and you’ll eventually reach your own money goals.

Founder of The Budget Mom. Read her story.

Check out MogoSpend for a great way to get started on your finance goals.


–The Mogo Team

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