Commentary

January 25, 2013

Chaplain's Corner

This Year Think Small

by Chaplain Aaron Klaves
452 AMW Chapel Staff

Merriam-Webster’s Dictionary defines the verb “snowball” as increasing, accumulating, expanding, or multiplying at a rapidly accelerating rate. New Year’s resolutions can be a lot like snowballs. Just as a small lump of earth can increase in mass and speed as it rolls down a snowy hill, large and daunting goals can be equally easy to achieve when smaller ones are first accomplished. Unfortunately, when goals are too large to begin with, they can be difficult to start and tougher to finish, which usually results in total abandonment. If this describes some of your past resolution efforts, try thinking small this year.

For instance, suppose your New Year’s resolution is to shed credit card debt. Perhaps you have three or four cards you would like to cut up. Rather than making minimum payments on all of them, which can make their payoff a long-lasting ordeal, most personal finance managers recommend incorporating the “snowball principle.” First, identify which card carries the largest minimum payment or charges the most interest. Then, rather than making that card’s minimum monthly payment, pay a little more. How much more? That is up to you — what you can afford. Just remember, even a modest amount above the minimum is better than nothing at all.

Eventually the day will come when that first card is paid off — congratulations, one less bill! Now, all your newfound wealth, ordinarily spent on the first card, is added to the minimum payment of your next largest bill. When that card finally goes, the money saved is then applied to the next. Do you see how this works?

Your debt-payoff snowball grows bigger and bigger, rolls faster and faster and before you know it, you are out of debt! Just think, all you did was pay a modest amount more on your first bill! Was this plan magical? No, not at all, just a little push in the beginning, some patience and help from math and physics.

Can you think of ways to apply the snowball principle to other resolutions of yours? You can consider setting goals that allot more time for family, or less time watching television and more physical fitness activities. The possibilities are endless. The key is starting small and consistently keeping at it. As time goes by, the momentum you have created will make your efforts much easier. Hey, you might be surprised at what big things result.
Happy New Year and God bless!




All of this week's top headlines to your email every Friday.


 
 

 
colonel-john-richard-boyd

‘An Innovator’s DNA’: Col. John Boyd

Surprisingly, few Airmen have heard of Col. John Boyd, with far fewer aware of his innovative contributions to the advancement of modern-day air power. As the Air Staff feverishly reviews the thousands of innovative ideas submi...
 
 

Protecting your possessions while on vacation

Somewhere in southern Sicily a man at a remote café sighs, refreshed after a day of climbing hills, thanks to his new black support socks. Opposite him, his wife proudly thrusts her shoulders forward to accentuate her red Yoga T-shirt, even though she has the physique of a woman who loves double ladles of crème...
 
 

Investment in Vets produces tomorrow’s leaders

WASHINGTON, June 20, 2014 – The promise of a better tomorrow made to U.S. military veterans of World War II seven decades ago with the signing of the original GI Bill is the same promise the nation is keeping with its newest veterans and their families through the Post-9/11 GI Bill, President Barack Obama said...
 

 

National Safety Month: Preventing vehicle-induced heatstroke deaths

Just because a car isn’t moving doesn’t mean it’s not dangerous. According to Safe Kids Worldwide, in 2013, 43 children died from heatstroke inside vehicles – one of the deadliest years to date. These tragedies can happen to anyone, but are preventable with the proper education and action. This National Safety Month, the National Safety...
 
 

VA releases results of nationwide audit

The Department of Veterans Affairs (VA) released the results from its Nationwide Access Audit, along with facility level patient access data, medical center quality and efficiency data, and mental health provider survey data, for all Veterans health facilities. Full details were made public at VA.gov, June 9, following Acting Secretary of Veterans Affairs Sloan Gibson’s...
 
 

Safety month focuses on unintended injuries

Itasca, IL – June is National Safety Month, and the National Safety Council (NSC) is calling on Americans to take notice of the fifth leading cause of death – unintentional injuries. Every four minutes someone in the U.S dies from an unintentional injury. That’s 120,000 people a year. Sixty-seven percent of all injury-related deaths in...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Directory powered by Business Directory Plugin