Learning how to create a money vision board can be extremely useful for financial management. As for the goal, the saying is true: “I can’t see, I don’t care.” But taking the time to create a vision board will always remind you of your goals.
As quoted in Verywell Mind, the vision board can improve success and mindfulness. This allows you to focus on working towards your financial goals by creating them.
What is a vision board?
Vision Board is a collage of photos and phrases depicting what you want to achieve in your future. It is a visual representation of your hopes and dreams. Its purpose is to serve as inspiration and motivation to work towards your goals.
Being able to see exactly what you want to achieve gives you something to tackle, not just the characters on the page. After all, writing your money goals is still worth it, I’m watching I believe it!
I personally create money-specific vision boards and keep focused on the money goals I want to achieve.
Why is Money Vision Board a good idea?
When you think about it, most goals are somehow related to finances. We need money for our dream home, cars and holidays. Having a Money Vision Board will help you focus on achieving those things.
Money Vision Board is a great idea as it is designed to visualize your intentions for money. Whether it’s a way to save money, a way to pay off credit card debt quickly, or an increase in income, your ideas can be visually shaped.
Financial Vision Boards often use charts (such as savings target thermometers) to track progress. Therefore, if your vision becomes debt free, you can include a debt payoff tracker in your financial vision board.
When it comes to saving money, I love coloring with a savings thermometer, past each savings milestone I set for myself. Just watching this visualize is reminded of the progress I’m making.
Use a vision board to achieve your money goals
Using a vision board for your financial goals is no different from other goals. The whole point is to create a physical representation of what you want to achieve. If you’ve been struggling to deal with money in the past, then perhaps this fun exercise will help you motivate.
Furthermore, building a board for money can be easily integrated into the financial planning process. When you plan, simply create a board accordingly.
For example, you could think of it as the final sticker on a list of money intents. Here are some steps I personally use and find useful. You can use them to realize your vision board ideas:
1. Decide on a physical or digital vision board
There are several different ways to create a vision board.
For example, you can take the old school route by cropping words and images from an old magazine. This is my format of choice. Alternatively, you can create digital using online graphics tools like Canva. Both options are free and very affordable, so it depends on your personal preferences.
Here’s what you need to create a physical vision board:
- Poster board or cork board: Most vision boards are photos glued to poster boards, but you can also use cork boards and tuck images instead.
- Old magazine: Use magazines to find photos, phrases and other visual inspiration that represent your goals. They need to get older as you cut things out. You may be able to get older editions of the magazine for free or at a discounted price from your local library or convenience store.
- Your affirmative or inspiring quote: These are words, phrases and sentences that will focus, motivate and help you, focus on what you can achieve.
- Images from online: If you can’t find an old magazine, you can always find inspiration online. You can print the right image.
- Glue or tack: You will need to glue the photos and tack them on a poster or corkboard. If you are using adhesive, we recommend an adhesive stick.
- Scissors: Crop the image to add to the board, so keep the scissors handy.
Here’s what you need to create a digital vision board:
- PowerPoint, Keynotes, Notes apps, or Graphics apps like Canva
- Digital Images
- Positive or inspiring quotes
2. Write down your financial intent before you begin
Your intentions will be your foundation. So, the second step in coming up with how to create a vision board is to write down your goals.
These goals should be very clear, so you know exactly what you are trying to achieve and how you will achieve it. One way to do this is to use the Smart Goals method.
This goal development method is recommended to create specific, measurable, achievable, realistic and timely goals. When you have smart goals, you can easily see what you are working on.
For example, my financial goal might be to “save $10,000 in an emergency by December 31st of 202x.” This goal is very specific. Its success can be measured. That’s realistic for me and there’s a time frame.
This goal has a very clear explanation, so finding the right visual representation is easy.
Whatever your financial goals are, it’s important to be creative and clearly define them and write them down on paper before building your money vision board.
3. Consider including charts and graphs
Whether you’re creating a digital or physical vision board, you’ll want to choose photos and words that motivate you and inspire you.
But don’t forget the numbers! You can make your goals even more concrete by including charts and graphs along the visual elements of your vision board.
Now, when you put together your Financial Vision Board, you can also include a money savings chart. Money Savings Chart is a chart that helps you track savings on a specific goal.
For example, if one of your intentions is to pay off your debt, you can include a debt payoff coloring table that tracks your progress. Mark your debt payoff charts every time you make a payment and watch your vision board come true!
These charts come in several different styles and formats. You can also design your own. My favorite money chart is the thermometer format.
4. Place your vision board in a place where you can see it every day
The key to creating a vision board is to provide visual inspiration to the goals we are trying to achieve.
That said, your board should literally be in your vision. In other words, you have to put it where you see it every day!
Think about it: where are you most often in your home? That’s exactly what you have to have.
Place the board in a place where you can see it every day. That way, it will serve as a daily reminder to continue working towards your vision.
Consider a place like a bedroom, office, or refrigerator door. You can also take photos and turn them into screensavers on your phone or computer desktop. I have mine as a phone screensaver and also in my home office.
Plus, we’ve created a vision board so check it out right away. Is there anything you would like to add? Do you feel motivated?
If you are not already there, add a phrase that matches your goal and a money affirmation.
5. Motivate yourself by holding a vision board party
We all know that there is a temptation to spend a lot of seduction.
So, consider holding a party to help you stay motivated and on track.
Gather friends who also focus on improving their personal finances. You can spend the day together to outline your goals, crop photos, and create a vision board. You can then check in every month to follow up on your progress.
Believe it or not, this accountability can go a long way in helping you achieve your goals. As Forbes explains, “…accountability groups can have a positive impact on task performance and academic performance.”
6. Track your progress in the Manager
Creating a board for your money goals is a great way to inspire and energise to get started working towards your long-term financial goals. But over time, it’s easy to lose some of this initial momentum.
One way to help you stay on track with your personal finances is to start a money journaling habit.
Money journaling isn’t just about writing down what you spend every month and save. It’s also a place to take notes about your methods. feel About your spending and savings, your thoughts on your finances, and your observations on tracking your goals.
Don’t you think journaling is worth the extra step? One study found that goal writers are 42% more likely to actually achieve it.
7. Edit as you go
Another way to track progress towards financial goals is to edit the Money Vision Board.
We’ve already talked about adding a money savings chart. But if you’re not a fact and figure person, there’s another way you can visually track your progress on your board.
For example, let’s say you add three goals: 1) Pay off your credit card debt. 2) Emergency funding begins. 3) Public retirement account.
Whenever you achieve your goal, you can draw a large green checkmark next to it. For one thing, drawing this checkmark will probably make you feel satisfied. (Do you know the feeling of crossing items from your to-do list?)
Plus, it will be another visual reminder for you teeth Advance your goals. This gives you a motivator to continue.
8. Consider creating multiple vision boards
With different financial goals, creating multiple vision boards may make sense.
Here are a few different ideas:
For example, let’s assume that one of your goals is to save on your down payment and become your first home buyer. That could be the subject of one board. Here you can include photos of your dream home and inspiring quotes about homeownership.
At the same time, there may be another financial goal of less each month by adopting minimalism. This vision board allows you to focus on minimalism.
Write down minimalist quotes and remind yourself that fewer is less. You don’t need to buy that new dress this month. You can also include charts that list everything you want to buy but did not congratulate your will.
Vision board ideas
If you’re still confused about what to include in your vision board, you can always find inspiration on sites like Pinterest. A simple Google search can also help with some examples. Don’t forget that your vision board is unique to you. So use it as inspiration only.
Travel examples
Here is an example of a Financial Vision Board I created a few years ago. At the time, I was on a debt-free journey. I also wanted to save money, overcome budget challenges and effectively overcome budgets so I could travel around the world.
As you can see, I included phrases like “save money,” “no debt,” and “budget,” as reminders that I was working on. We also included flags and cutouts from different countries that we once wanted to visit without debt.
If you have sharp eyes, you will notice that your debt is gone and there is a check mark next to your word budget. Also, under the British flag is the year. That’s because I was able to actually accomplish these things!
After I made a budget, I was able to pay off my debts, save money, and travel abroad. There are still some flags and countries, but there is no one year under them. So that’s something I’m still working on.
This board is a few years old, but I still keep it nearby to remind you of what I want to achieve financially.
Examples of debt and savings
If your goal is to become debt-free, here is an example of a debt-free vision board. As you can see, this board contains images of credit card cutters and 26% savings targets. This is a very clear representation of their financial goals.
First Home Example
Do you also need inspiration to buy a first-time home or your dream home? Here’s my latest board and includes an image of the home elements I’m planning to do.
The board also includes images and phrases related to money. That’s because you need to save money and develop an action plan to achieve this new financial goal.
Examples of investment and early retirement
Are you interested in retiring early? Take a look at this simple vision board.
Early investment and retirement often go hand in hand. This is because if you can invest strategically, you can withdraw from your investment and retire early. Learn more about what it means to achieve early retirement.
As a reminder, all of these examples are meant to inspire you. Find something that motivates and inspiration when creating your board.
Expert Tips: Stay positive money thinking
It is clear that building a vision board can play a major role in helping us motivate us to work towards our money goals. But don’t forget to approach it with the right financial mindset.
After all, learning how to create an economic abundance mindset can help you realize your dreams.
The idea of ​​financial abundance, like wanting to save a certain amount of money, retiring early, buying a home, etc., helps you remember that the goals of the vision board are achievable.
How do you format your vision board?
There are several different ways to format your vision board, but the first step is always to clearly define and set short and long term goals.
This can be done digitally with just the Word Document, Spreadsheet, or the Notes app. Or you can go to old school and start writing on blank paper with your pen. You can also color code your money intent with the marker.
Once you know what your goal is, find images and words that match them and add them creatively to your board. It’s all about creating something you love visually. By doing so, seeing it gives me a sense of inspiration and motivation. So tap on your inner artist!
You can also find great vision board photos and examples on sites like Pinterest, or watch our YouTube videos on how to create a vision board.
What questions should I ask when creating a fiscal vision board?
Creating a Financial Vision Board doesn’t just cut out a photo of what you want to buy. Instead, you need to take your time to sit down and truly evaluate your personal finances and goals.
They are related to your financial goals so you can ask yourself questions. For example, ask yourself:
- Do you have any debts you want to pay back? How quickly do you want to pay it back?
- Would you like to build an emergency fund? How much do you need to save?
- I want to save my children’s college education with a plan of 529. How much does it cost?
- Are you saving enough to retire? How can I bridge the gap?
- How can I adjust my retirement strategy to retire at 50 instead of 65?
- What does my dream house look like? What kind of view do you want to see from Windows?
Questions like these can help you clarify what to put on your vision board.
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Knowing how to create a money vision board will help you improve your finances!
The Money Vision Board is an invaluable tool that can help you achieve your financial goals. They are also fun exercises and allow you to be as creative as you like when you make your own.
The truth is that simply writing down and visualizing your goals will help you achieve them automatically. They also need to do the necessary (and sometimes difficult!) work and be accountable.
The best way to do that is to surround yourself with others who work towards similar goals. You can also have an accountability partner work with you.
If your community is something you lack in your financial journey, check out our smart girls finance courses and community. Here you will find the resources and accountability you need to succeed with your money.