The Ultimate Money Saving Tactic: The Family Vision Statement

by Robin

A Vision Statement is a powerful and simple tool for business AND families.  Here's a definition from businessdictionary.com, tweaked for you: 

"An aspirational description of what a organization family would like to achieve or accomplish in the mid-term or long-term future. It is intended to serve as a clear guide for choosing current and future courses of action."  

Basically, it is this: a definition of your family's true goal.   

A Vision Statement can realign your decisions when you are tempted to stray.  A family's Vision Statement can be a simple phrase you ask yourself when you are about to make a purchase, "Do I want this {thing} more than I want {insert goal here}?".  Generally speaking the answer is often "no", or "no way!", or "I guess not..sigh.", but once in awhile it is yes.  And that is A-ok.  

What is important is reminding yourself of what you truly want.  Those small (and not-so-small) impulse purchases are vermin that nibble away at your true goals until you can no longer feed your dreams.

Our Vision Statement has changed over the years.  Early on it was, "Do we want this {thing} more than we want to buy my grandparents house?".  Then it became, "Do we want this {thing} more than we want one of us home more time with our babies?".  Then it was, "Do we want this {thing} more than we want to design and renovate our home (to fit the babies)?".  

Our Vision Statement allowed us to reach important goals:

1.  Buy the only house we wanted.

2.  Design and renovate that house into our Dream Home.

3. Helped me to work only part time work once our babies came.  (You can just barely see the aforementioned babies on the roof of the After picture.  Why are the babies and the husband on the roof you ask?  That's a silly question.) 

Here's some honesty: right now we don't have a Vision Statement and we are a bit adrift without one.  Without a Vision Statement we fall prey to impulse purchases and our debts (student loans and mortgage) are not shrinking as fast as we'd like.  We need a new Vision Statement.  We have tossed ideas around, but not caught one that fits.  

What's your family's Vision Statement?

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