Assess Your Current Situation

Honesty is key to a successful running program and financial plan. How fit are you really? When was the last time that you ran? When was the last time you had a physical?

It is true that the human body is amazing, but it’s not invincible. It changes as we age. The same is true for your financial situation, which also changes with age and requires constant maintenance. should evaluate your financial situation, even though it may seem commonplace. Are you still handling college debt? How long has it been since you last checked your credit report?

 Set Goals -> Take Action” written in Chalk”>Set A Goal

What’s the point of running if you don’t have a goal? You can start small and build up but without a goal you are finished before you have even started. You need to have a clear vision of your financial goals. It’s not enough to say you want success. Success is defined differently by everyone. Some people want early retirement, others want to purchase that beach house and so on. To be successful, you need to set goals.

Strategy

It is crucial to evaluate your current situation before you can build a strategy for success. Are you able to run a 5k with ease? Would it be necessary to train to reach that level? Assess your hamstrings to determine how they are performing. They could use some stretching and warmup runs to help them get back into the swing of things.

Your finances are no different. What is your income now? What is your monthly spending? What is your monthly income? Do you have credit card debt? Car loan? Mortgage? You will need to do an over look for any combination of these things in order to determine your current balance sheet.

Plan your Outing

The majority of marathons are run in training. It’s rare that someone can simply show up, go on a 26.2-mile run, drink a few glasses of water and call it day. All of them have been training day after day, accumulating miles, breaking in their shoes, suffering shin splints and other extras. It is important to plan your training day by day leading up to the race.

Take the time to plan out your financial goals. If you are trying to pay off a large amount of debt, for example, create a repayment strategy. It may be necessary to sacrifice some of your small pleasures in the short-term, but staying on track will allow you to achieve your financial goals.

Give It Time

Most runners who rush into races and don’t properly train will not reach their goals. Set realistic financial goals, and give yourself enough time to reach them. Savings will not happen over night. You will need time to build your savings, especially in today’s volatile markets.