The Prioritizer….how cool is that?
Yesterday Trent at The Simple Dollar linked a tool found on the CNN Money site called The Prioritizer. I thought it sounded interesting so I tried it out.
Well, it is more than interesting. It is great! It is a very simple concept — enter in up to 15 goals (it talks about financial goals but really, you could use any type) and then answer a series of questions where you choose the more important between two goals. At the end it will assign a ranking to all your goals.
I learned a lot just doing this on the spur of the moment, and I think when I sit down with my spouse and we come up with a more concrete list and each do it again, we will be surprised. For example, it is more important to me to fund my son’s education than it is to pay off my own student loans according to this program. And I think that is actually true. Paying student loan debt beat retirement savings, which means retirement savings lost to funding my son’s education as well. I think guilt about how little I have done so far played a factor in my rankings.
I don’t know if the prioritizer will actually change what I am doing in any way, but paying off the credit cards was #1 by a landslide so I don’t need to re-evaluate the whole shebang yet. 
~J
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