Benefits of Having an Accountability Buddy

We all have the same problem, we know what it is that we want to do with our lives but making a goal and sticking with it can be difficult. That’s why accountability buddies are so popular! Some people call them sponsors or “accountability partners. People join community and organized groups to get one. No matter what you call them or where you can one, accountability buddies are great for getting things done AND achieving your financial goals.

What is an accountability buddy?

An accountability buddy is someone who motivates you to follow through with your goals. This could be as simple as calling each other every week to see how each others’ workouts are going or planning out your weekly budget together. At, we built-in accountability buddies with the money coaches.

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Accountability buddies help keep us accountable by letting us vent about obstacles that get in our way of meeting our financial goals- plus they’ll give you ideas how to work around those obstacles too.

An accountability buddy will help you stay motivated and actually achieve your financial goals. As the old adage goes, “a friend in need is a friend indeed.” It’s nice to know that if you’re struggling with something or everything seems daunting, someone else who has been where you are now can guide you through it.

What science says about accountability buddies

Research shows accountability partners give us peace of mind by helping us discover new ideas for overcoming obstacles like time management issues or money worries . Rather than trying to figure out what will work best on our own, we can bounce ideas off one another. That or come up with something even better together or settle on an idea that works great!

Studies also show accountability buddies promote personal growth because they provide helpful feedback about their friends’ actions. Having someone you can trust tell you what they honestly think is crucial for personal improvement. It gives us valuable insights into our own strengths and weaknesses. That way, we can use that knowledge to improve ourselves even more!

Having an accountability buddy really helps us focus on the things that are actually important . We don’t have time for drama; all we want is to make sure we’re meeting our financial goals. With accountability buddies, achieving those goals is much easier. Whether it’s buying your first home or finally saving enough money for retirement, they help by keeping us accountable and affirming we’re making the right decisions and heading in the right direction.

Working towards financial freedom together with accountability buddies can be extremely rewarding

You can have accountability buddies for pretty much anything, not just financial goals! For example, you could have accountability buddies for dieting or working out . In fact, the company that became famous for connecting remote cycling workouts, Peloton, got its name from cyclists who ride together. By working together, the team reduces drag and is able to go further faster.

“If you want to go fast, go alone. If you want to go far, go together.”

Having an accountability buddy with finances is similar. Often times, we find our accountability partners, inspiration, and motivation through communities. Instagram, Facebook groups like Women’s Personal Finance, and even Twitter have become hotbeds for people to connect.  A community can push you when you need it most, fight off any negative emotions that come along the way, and hold you accountable for what you have or haven’t achieved.

Here are three major benefits of having accountability buddies in your community:  

1) accountability – knowing someone will be watching over you can encourage you to stay on track

2) motivation – having accountability buddies means other people are rooting for your success

3) resourcefulness – members of your community can support each other by sharing their experiences and knowledge with one another.  As a result, your community members may move faster toward financial freedom than you do.

Finding an accountability buddy

Do yourself a favor and find yourself an accountability buddy today! If no one close to you seems interested in becoming your accountability buddy, try checking out local Meetups or sports groups in your area where people are always looking to meet new friends and form accountability groups. You could also find accountability buddies online, but it’s important to note that you should never trust anyone with your financial information. (For instance, keeps your financial information secure with Plaid.)

If you’re searching for accountability partners, you may start with finding someone who is already close to you. It does take an incredible amount of selflessness and courage if they’re willing to tell you what’s really on their mind when it comes to your money decisions moving forward so take the time to search within yourself about whether this person will be beneficial before you take the leap of faith in sharing anything too intimate with them.

The accountability buddy doesn’t have to be your best friend; they can also be someone you already know, but don’t talk to often enough. This person might live across the country or even on the other side of the world, but that’s okay! You’ll find out how Skype dates work in just a bit!

When it comes down to accountability buddies , there are no hard and fast rules about who they should be. As long as you trust them to keep you accountable and communicate openly with them, then you’re ready to take the first step.

  1. Sometimes, it takes practice talking about money, especially with a partner. If you have trouble starting, try checking out some of these tips.
  2. If accountability buddies are close enough for you to see them in person, you’ll want to make sure that there is nothing between the two of you (no table or other objects) so that it’s easier to catch visuals and see the numbers.
  3. Even with an accountability, there will still be some bumps in the road. That’s normal. The whole point of having them is that they help you get back on track.
  4. While accountability partners might seem like supportive friends encouraging positive changes, they should never promise you something they cannot deliver. Remember that accountability partners are holding you accountable for your actions, not the other way around!

Finally, accountability buddies can range from coworkers, siblings, parents…the list goes on and on. As long as you trust this person with anything money-related (after all, they are going to be holding you accountable for your actions) then go ahead and make the commitment.

Some caution with accountability buddies

Keep in mind: if someone is pressuring you into doing something, they may not be the right accountability buddy for you. If your accountability buddy tries to get you to do things that go against your morals or values , then they’re not a good accountability partner for you! It’s important that your accountability buddy wants what is best for you and supports all of your goals . In order for an accountability group or partnership to work it needs to be built on trust and respect. Remember, you are able to set healthy boundaries, even for your accountability buddy.

As humans, we are extremely social creatures. There is no denying that accountability has its perks when it comes to achieving personal goals or making financial changes in your life. You can find accountability buddies almost everywhere, but you can also find them in the money tracking app.


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