What if reaching your financial goals didn’t have to feel like a solo mission? Today, on Day 4 of our Fresh Finance Challenge, we’re talking abut how to bring the whole family together to work toward a shared financial goal. Not only does it make saving feel less like a chore, but it also strengthens family bonds. Stick around – this might just be the most fun you’ve ever had talking about money! Let’s get started.
Links for This Episode
- Check out these DIY Resources and Templates
- Download your FREE Family Budget Worksheet
- Join the Financial Fix Up Membership
Podcast Episode Recommendations
- #32: How to Have Stress-Free Money Conversations with Family
- #16: 5 Reasons Your Budget as a Married Couple Will Fail (And How to Prevent It)
- #8: 3 Simple Ways to Create Your Family Grocery Budget
- #3: How to Create the Ideal Family Budget for Your Family
Fresh Finance Challenge #4: Rally Around a Family Goal
Hey there! Welcome back to the Financial Fix Up Podcast! I’m your host, Sarah Brumley, and it’s Day 4 of our Fresh Finance Challenge. Today, we’re talking about something that can really change the game for your financial journey: setting a family financial goal.
Why Set a Shared Goal?
Here’s the deal: finances might seem like something you handle on your own, but when it comes to family, it’s a team effort. Setting a goal together gives everyone something to work toward, and it creates accountability, strengthens your bond, and keeps you all motivated—even when things get tough.
Plus, when your kids or partner see how their contributions really matter, it makes the whole process feel even more meaningful. Whether it’s saving for a fun backyard project, building an emergency fund, or just spending time together planning for the future, working as a team on a shared goal is super powerful.
Examples of Family Goals
Every family is different, so pick a goal that works for you. Here are a few ideas to get you started:
- Save for a family vacation—whether it’s a weekend road trip, a stay-cation, or a dream trip to Disney.
- Build an emergency fund to give you peace of mind when the unexpected happens.
- Set aside money for a special activity or purchase, like a season pass to a local theme park or new outdoor gear for family adventures.
Getting Everyone Involved
The key to success is making sure everyone feels like they’re part of the process. Start by having a conversation about the goal—either decide on one together or let everyone pitch in ideas, and then talk about why it matters. For younger kids, focus on the fun outcome—like going to the beach or having a backyard movie night with new gear you’ve saved for.
Once you’ve got the goal, give everyone a role. Younger kids can help collect spare change or brainstorm free family activities to replace expensive ones. Teens might help find creative ways to save, and everyone can get involved in tracking progress—whether it’s filling up a savings jar or coloring in a goal chart on the fridge.
Day 4: Take Action
You probably guessed this already, but your action step today is to sit down with your family and pick one big financial goal for the year ahead. Keep it simple, keep it specific, and make sure it’s something everyone’s excited about.
Once you’ve got it, write it down and display it somewhere everyone can see it—like a savings jar, a goal chart on the fridge, or even a digital tracker if you’re into that. The key is making it visible, so it stays top of mind and keeps you all motivated throughout the year.
What’s Your Family Financial Goal?
And that’s it for Day 4 of the Fresh Finance Challenge! A family that saves together, achieves together. This step could be the start of something really special for your crew.
Remember, we’re just over halfway through this seven-day challenge. Tomorrow we’re tackling ways to refresh your debt repayment strategy—and trust me, I’ll make it fun! So make sure to subscribe so you don’t miss these last few episodes.
Until then, I’m cheering you on! You’ve got this! Have an awesome day, and I’ll chat with you tomorrow!
