increasing my personal bank account

pvavitaminsOver the past few weeks all of the media chatter about personal finance, government finance, and automotive finance (or lack thereof) has got me thinking about my favorite book, The Seven Habits of Highly Effective People by Stephen Covey. Or, actually to be slightly more precise, thinking about The Seven Habits of Highly Effective Teens by Sean Covey (Stephen’s son). In high school my mom gave me the teen version of the bestselling 7 Habits book and I dutifully read it and stored it on my bookshelf. During my junior year of college amongst a downward spiral (or path to self-discovery, however you want to look at it), I dusted off the teen copy while home on Christmas vacation and my life… changed. Re-reading the book actually sparked Makeunder My Life and consequently, my purpose.

In the book, Covey mentions we all have a “personal bank account” (or PBA). He argued that all of us have a figurative savings account inside our heads, that we make deposits and withdrawals from everyday. Whenever we do something we intend to do, like finish a project, complete a race, or be more positive, we are making a deposit into our invisible account. Likewise, whenever we don’t meet our expectations or goals, we withdraw from this same savings account. Covey maintains that the balance of that bank account is what gives us true self-confidence and trust in ourselves. That we draw upon past accomplishments to increase our strength and overcome current challenges. The more deposits we have, the more likely we are to follow through on future intentions, and vice versa.

So during this phase of insecurity in the stock market and job market, it seems that the one true account we can cultivate freely and with huge returns, is our own PBA.

Therefore, for the rest of May I am going to begin a little savings plan of my own. I will start with small goals which will hopefully help me to accomplish bigger, more challenging tasks, as my confidence accrues. I am going to let compound interest do the work. My first PBA deposit goal is to eat my vitamins daily. Sure, this may sound easy enough (because it is easy enough). But in my life, the worse my eating habits become, the less often I take my vitamins. So I would venture to say that by starting with something as simple as eating my vitamins, my overall diet will improve as well.

I mentioned this concept to Erwin and he decided to make flossing 3 times a week his first PBA goal. What about you? Any tiny goal you want to meet this May? Let’s check back in each week and see how our PBA’s are progressing, shall we?

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  1. little things that form habits, make good routines.
    saving pennies to make dollars, vitamins for vitality, flossing, brushing, all support and exude more inner confidence. inner beauty is a good thing.

  2. Kotori

    Love this idea… I’m really trying to spend some time relaxing instead of feeling like I’ve always got to be moving or working on something. The PBA idea is such a good one – I need to think about what I want to “save.”

  3. Aunt Karen

    Hey Jessica,

    Just wanted to tell you that I really enjoy reading your blog. I am impressed with how introspective you are about your life at your age. I think that you are “wise beyond your years” as they say. I also think your new jewelry line is really cute, I might just have to order myself something for Mother’s Day! Keep up the good work!

    Aunt Karen

  4. I love this idea! I have been feeling really guilty about falling out of my daily exercise habit (used to be as routine as brushing my teeth), so my PBA is going to be fitting in a mini workout (20 min) every day, no matter how busy I am.

  5. Jill

    I think my PBA will be my “morning pages” for my Artist’s Way study. It’s so easy, but at the same time… so hard to actually do (like vitamins!). I love this theory, I’m off to my bookshelf to pick up the Seven Habits and get back at them! Thanks Jess!

  6. Amy

    Mine will be to make my bed every day. By bringing order to that part of my room, I’m hoping it will rub off to the rest of the room and improve its overall feel.

  7. Erica

    I finally figured out a solution to my vitamin-not-taking problem. I can’t swallow pills easily without creating a scene and the whole daily multivitamin thing was just so unpleasant I never took them.

    Enter children’s gummy vitamins! You can find them at Trader Joe’s, and they are reasonably priced and delicious! They are formulated for kids, so instead of the recommended two I usually take three – four is about the equivalent of a prenatal vitamin. I haven’t missed a day since buying them!

  8. Jess

    @ Kotori: Let me know how your savings plan goes!

    @ Rachel: Exercise is a great PBA- let me know how it comes along.

    @ Jill: Great, let me know how your PBA goes and what you think of 7 Habits.

    @ Amy: How’s the bed making going?

    @ Erica: THANK YOU! Such a great idea. I saw those gummies at T. Joes and always thought of them for Erwin (he doesn’t like swallowing pills), but never realized I could use them for myself. Candy that’s good for me? Yes please!

  9. resell rights

    Fine Ideas, but do you have more detailed info on this topic, another blog or links to other helpful websites too.

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