Welcome to the fifth part of our series. Staying motivated throughout your debt repayment journey is crucial for success. In this post, we'll explore strategies to keep your motivation high and how to track your progress effectively.

STEP 1: SET MILESTONES AND CELEBRATE SUCCESSES

Break your overall debt repayment goal into smaller, achievable milestones. Celebrate each milestone you reach, whether it's paying off a specific debt or reducing your total debt by a certain percentage.

STEP 2: VISUALIZE YOUR PROGRESS

Create visual aids like charts, graphs, or a debt repayment thermometer. Update them regularly to see how far you've come. This visual representation can be a powerful motivator.

STEP 3: BUILD YOUR SUPPORT SYSTEM

Surround yourself with people who understand your journey. Confide in a friend to help keep you on your path. You could also join online forums or local support groups where you can share experiences, gain insights, and receive encouragement.

STEP 4: REWARD YOURSELF

Set up a system of rewards for reaching milestones. These rewards don’t have to be expensive. They can be simple treats like a special meal, a movie night, or a day off to relax.

STEP 5: REFLECT ON YOUR "WHY

Regularly remind yourself why you're committed to this journey. Whether it's to achieve financial freedom, reduce stress, or build a better future for your family, keeping your "why" in mind can help sustain your motivation.

Tracking Your Progress:

• Use a Spreadsheet or App: Track your debt balances, payments made, and progress towards your goals.

• Monthly Check-Ins: Set aside time each month to review your budget, track your progress, and adjust your plan if necessary.

• Debt Tracker Tools: Consider using online tools or apps designed to help you track and manage your debt repayment.

Staying motivated and tracking your progress are key components of a successful debt repayment journey. Celebrate your successes, keep your goals in sight, and seek support when needed.

Here are some online apps that may help you create your plan. ChangeMakers Hawaiʻi is not affiliated with any of these sites.  We want to provide you with tools to help you succeed.

Undebt.it: A web-based app that helps you create a debt repayment plan and track your progress.

Spendee: Helps you create financial goals and visually track your progress towards them.

In the next part, we'll discuss how to deal with setbacks and stay resilient on your path to financial freedom. Remember, you're not alone on this journey. We're here to help you every step of the way.  Want more help and advice, consider signing up for ChangeMakers Hawaiʻi’s Kanakanomics program.

Missed any part of the series? Check them out below.