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Family Goal Setting

At the beginning of each year, my family and I sit down and develop family and personal goals. We never call them resolutions because resolutions are easily broken. Goals are more tangible.

I learned the importance of goal-setting as a child. Although my mother never held formal goal setting sessions with my sister and me, she consistently modeled the behavior. My mother never sat in a corner office or amassed tremendous wealth, but she always set goals and developed plans to achieve them.

When my parents divorced, my mother was left to raise two children with only a high school education. Determined to make a better life for us, she enrolled in night school to earn an Associate’s degree. Two years later, we were celebrating her graduation.

My mother also set some financial goals for our family. Starting in January, she would deduct $5.00 from her weekly paycheck and place it into a Christmas Club account so my sister and I would always have presents during the holidays. And she always saved money in order to pay cash for cars or other major purchases.

Watching her taught me the importance of making a plan and sticking to it. And now I share these same strategies with my own children.

We always begin our goal setting session by reviewing our written goals from the previous year. Although we achieved our major goals from last year, we fell short of the 100% mark. In fact, I had to scramble during the last week of December to take the kids fishing and set up a college savings account for my daughter in order to show progress.

We realized that one of the reasons why we didn’t achieve everything was that our goals weren’t visible enough. My wife, KayEm, wrote them down in her journal and stashed it away. This year, KayEm printed each person’s individual goals, placed them in frames, and positioned them in conspicuous locations in each person’s bedroom. The family’s goals are posted on the refrigerator. With the goals constantly in our faces, we have a better chance of achieving all of them.

I’m a firm believer that goal setting is the key to success in any area of life. Properly-set goals can be incredibly motivating and help to build self-confidence. My job as a parent is to build my children’s self-confidence. And one day, I hope they will do the same for their children.

Stay Strong,

Question: How do you teach your kids about goal setting?

Popularity: 1% [?]

  • http://www.no-offseason.blogspot.com Dijon Anderson

    This is a good idea. We have done our goals for the year. I do have to get them visible, though. I am also planning a ‘recap’ meeting during the course of the year to make sure we are on target.

  • http://www.no-offseason.blogspot.com Dijon Anderson

    This is a good idea. We have done our goals for the year. I do have to get them visible, though. I am also planning a ‘recap’ meeting during the course of the year to make sure we are on target.

  • http://www.twitter.com/tclarkusa Tomi

    The Christmas Club Savings has always been a fave of mine. However, I recently started participating in a Flexible Spending Acct (FSA) on my job. It’ll come in handy for summer daycare & help pay orthodontic expenses for our three sons. Planning ahead is ALWAYS a good thing!

  • http://www.twitter.com/tclarkusa Tomi

    The Christmas Club Savings has always been a fave of mine. However, I recently started participating in a Flexible Spending Acct (FSA) on my job. It’ll come in handy for summer daycare & help pay orthodontic expenses for our three sons. Planning ahead is ALWAYS a good thing!

  • http://socre8eve.com Eve

    This is a wonderful idea. We have our personal goals, but none as a family. I am going to talk to my husband about this because I think it would be excellent. Thank you for sharing.

  • http://socre8eve.com Eve

    This is a wonderful idea. We have our personal goals, but none as a family. I am going to talk to my husband about this because I think it would be excellent. Thank you for sharing.

  • http://www.realmendriveminivans.com PJ Mullen

    We set a number of goals for ourselves personally and financially. While some are not necessarily achievable (selling real estate in this market isn’t going to be easy), we are committed to trying, especially with number two due in June. Goals are good, especially financial ones. We maintain a Christmas club, FSA account and our IRA and 401(k) savings account before we spend a dollar on anything else. This year our goal is to work on shoring up liquid savings and hopefully catch up on saving for little man’s college fund before we need to start saving for two.

  • http://www.realmendriveminivans.com PJ Mullen

    We set a number of goals for ourselves personally and financially. While some are not necessarily achievable (selling real estate in this market isn’t going to be easy), we are committed to trying, especially with number two due in June. Goals are good, especially financial ones. We maintain a Christmas club, FSA account and our IRA and 401(k) savings account before we spend a dollar on anything else. This year our goal is to work on shoring up liquid savings and hopefully catch up on saving for little man’s college fund before we need to start saving for two.

  • http://www.parlinmom.com ParlinMom

    I like it and I think I will bring it to my family tomorrow night when we sit down for movie night. We usually have a family conversation before the movie so I will let this be the topic.

    Thanks as always Mocha Dad for setting a good example.

  • http://www.parlinmom.com ParlinMom

    I like it and I think I will bring it to my family tomorrow night when we sit down for movie night. We usually have a family conversation before the movie so I will let this be the topic.

    Thanks as always Mocha Dad for setting a good example.

  • http://www.latonyarichardson.blogspot.com LaTonya

    That’s a very good idea. Every year I set goals for my self, and like your wife, I generally write them in a journal or notebook. Once I turn away from that page, it’s no longer visable.

    I talk to my kids about my goals, and from time to time, when something is coming up, I have them to set a goal. Again, it’s a good idea, to have them set personal goals.

    And we will make them visible! Thank you for today’s lesson!

  • http://www.latonyarichardson.blogspot.com LaTonya

    That’s a very good idea. Every year I set goals for my self, and like your wife, I generally write them in a journal or notebook. Once I turn away from that page, it’s no longer visable.

    I talk to my kids about my goals, and from time to time, when something is coming up, I have them to set a goal. Again, it’s a good idea, to have them set personal goals.

    And we will make them visible! Thank you for today’s lesson!

  • http://joanofalltrades.blogspot.com joanofalltrades

    Great idea to do this as a family and having the goals visible daily holds everyone accountable. My girl at http://bucketdrops.blogspot.com does something similar every year. She creates a dream collages with cut-outs from magazines with her goals for the year attached. Very creative!

  • http://joanofalltrades.blogspot.com joanofalltrades

    Great idea to do this as a family and having the goals visible daily holds everyone accountable. My girl at http://bucketdrops.blogspot.com does something similar every year. She creates a dream collages with cut-outs from magazines with her goals for the year attached. Very creative!

  • http://getofftheground.blogspot.com/ Kevin W. Grossman

    Agreed. My mother was a not only a big goal-setter too, but a big-time daily list maker. I used to have nightmares about those lists. Yikes. sure taught me well, though.

  • http://getofftheground.blogspot.com/ Kevin W. Grossman

    Agreed. My mother was a not only a big goal-setter too, but a big-time daily list maker. I used to have nightmares about those lists. Yikes. sure taught me well, though.

  • http://surprisedmom.blogspot.com SurprisedMom

    Setting goals is a wonderful thing to do for yourself and your children. I believe they will gain the self-confidence they need and pass it along to the next generation. It’s a great thing you are doing for them.

  • http://surprisedmom.blogspot.com SurprisedMom

    Setting goals is a wonderful thing to do for yourself and your children. I believe they will gain the self-confidence they need and pass it along to the next generation. It’s a great thing you are doing for them.

  • http://www.uberoom.com/romantic-rooms-1/ Bryan

    Although my parents weren’t that big on setting annual goals, I’ve done it since college. Setting up “dream goals” and laying out the steps to get there is more effective, in my experience.

    Bryan

  • http://www.uberoom.com/romantic-rooms-1/ Bryan

    Although my parents weren’t that big on setting annual goals, I’ve done it since college. Setting up “dream goals” and laying out the steps to get there is more effective, in my experience.

    Bryan

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