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2013 Goals, This Week's Plan, and Debt Payoff

January 1st, 2013 at 04:25 pm

1. Pay Down credit card #1 to $750 by 12-31-2013. To do this, I need to pay off at least $100 a month. I will post our monthly progress.

2. Pay off credit card #2 by 12-31-2013. I need to pay off at least $50.00 a month. I will post our monthly progress.

3. Bring car savings to $2,000 by 12-31-2013. I really need to contribute a lot to this one, as our car is going to need replacing in the next year or two. I need to contribute at least $75.00 a month.

4. Minor and major house maintenance and repair. The two big things we are planning for the spring are getting the rest of the tuckpointing done on the south side of the house and planting an oak tree in the back yard behind the kitchen. The cost of the tuckpointing will come out of money we are already setting aside. We need $600 to do that and are setting aside $90.00 a month. It will probably March or April when we do that. The oak tree will be paid for out of our tax refund and money we are already setting aside. It will be about $150.00 to pay for the tree, delivery, and planting.

5. Continue making extra principal payments on the mortgage, even if it is only $5.00 a month. With the rest of our tax refund, we plan to make a large principal payment. We have a 30 year mortgage which we got in 2010. We want to have it paid off several years before I retire so I can ramp up retirement contributions.

5. Increase regular savings to $3,000. I want to have at least $12,000 in regular savings in five years. My expenses are approximately $2,000 a month, but could be cut somewhat in extreme situations. I am going the HR tomorrow in order to increase what I have going to savings out of my pay.

6. Reduce unnecessary spending. I am doing grocery shopping with cash, which has decreased my normally $170 or so weekly grocery bill to around $130. I am even stocking up on stuff I use a lot when I see it on sale or have a good coupon. I am also sticking to my routine of making my own tea at work with my tea bags and travel mug. I bring my lunch to work nearly every day, buying usually on paydays. I also did some gardening this past summer and plan to do the same beginning next spring. See #7 for more on this. These actions have helped to considerably reduce spending.

7. I plan to greatly expand my gardening venture next spring. This past summer, I only did tomatoes and basil and had a ball doing so. Growing my own food was not only satisfying, but tasty as well. I plan to add kale, onions, carrots, peppers, radishes, and spinach to my choices. Doing so will help me to become less dependent on the grocery store during the summer and also eat organically and locally grown food. I plan to continue growing kale next winter also. For some veggies, I will freeze some extra for the winter.

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This Week's Plan

This week I plan on doing some decluttering and gathering together paperwork for our taxes.

My menu plan is basically vegetarian bean soup, salads, dirty rice, and hummus. We normally eat oatmeal for breakfast. Here is the recipe I use for hummus:

Hummus
http://dedemed.com/print/print-recipe.php?article_id=92

I can't find the dirty rice recipe I use online right now. It's like it disappeared and I only have a printout.

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We have been making payments on 2 small medical bills dh had. They are considerably smaller than ones we paid off in 2011, but still have been a pain to get paid off. Now, I finally have a plan to get one paid off in the next week. The bill is $105.22. I have approximately $45.00 in checking right now that I will not use before Friday. Yea, me on vacation not buying stuff unnecessarily! I am going to take the rest out of regular savings. It will only take me one payday (this coming Friday) to make it back up. Paying it off will free up some money every month to put towards the credit cards and mortgage.

8 Responses to “2013 Goals, This Week's Plan, and Debt Payoff”

  1. rob62521 Says:

    Sounds like some great plans. You might also want to try rosemary because it is super easy to grow and you can use it for a lot of stuff like potatoes and meats.

  2. crazyliblady Says:

    Thanks, rob62521. I have never used rosemary. I will try it.

  3. mjrube94 Says:

    I love rosemary! In fact, I would grow a lot of different herbs (sage, thyme, chives, rosemary). They are easy to grow, don't take up a lot of space, the deer don't bother them (except parsley), they freeze well, and are SO expensive to buy in the store.

    Sounds like you have a great plan!

  4. Petunia 100 Says:

    Is your sidebar out of date? Your sidebar says you owe $112.42 on credit card 2, but you need to pay $50.00 per month to have it paid off by 12/31/13?

    Best of luck to you with all of your goals! Smile

  5. crazyliblady Says:

    Yes, Petunia, it is out of date. I believe it is $755.00. But I will check on that and get it updated. Thanks.

  6. creditcardfree Says:

    Great plans!! I bet you will do great this year with clear goals.

  7. LuckyRobin Says:

    Oregano, sage, and thyme are pretty much care-free herbs and will come back year after year and really open up your culinary choices. Oregano will be really big the second summer, so give it space. Just a heads up on carrots, they can be really hard to grow. You have to prepare the soil down to a depth of at least 18 inches or you will just end up with weird knobby things. And onions (and garlic) need to be planted in the fall. But bunching onions (or green onions) can be planted in the spring. I would recommend green beans (the pole kind produce week after week as long as you harvest them, the bush kind produce all at once). Also snow peas are very easy to grow and can be grown early on in spring. Chard is pretty carefree, just like kale. We still have chard producing right now.

  8. Jerry Says:

    Blasting away the last of those medical bills that are not covered by insurance will be a great feeling, and I hope that 2013 leads to a year of much health and no more of those bills! Good luck... Smile Jerry

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