Layout:
Home > Taking Stock of My 2011 Goals Progress and Establishing 2012 Goals

Taking Stock of My 2011 Goals Progress and Establishing 2012 Goals

November 27th, 2011 at 12:25 am

Hi, everyone. I suppose I have turned into an ultra-planner, but for some reason, I feel the need to take stock of my progress on my 2011 Goals.

Here are my 2011 Goals.

2011 Financial Goals
1. Pay off Hospital Debt #2 PAID OFF!
2. Pay off Hospital Debt #1 PAID OFF!!
3. CAR REPAIR DONE 3-21-11!
4. Pay off lawn mower PAID OFF
5. Accumulate $2000 in regular savings by Dec. 2011 - Currently at $1038.62
6. Accumulate $1000 in house savings account by Dec. 2011 - Currently at $253.59
7. Pay off $500 in credit card debt by Dec. 2011
8. Complete some minor maintenance on house

Here is my progress as of today.
1. Hospital Debt #2 was paid off 3/19/2011! Woo-Hoo!
2. Hospital Debt #1 was paid off 6/6/2011! Woo-Hoo! So far, 2 for 2!
3. Car repairs, which included an engine replacement, were complete on my car 3/21/2011. I would have liked to have replaced the car, but I did not want to subject our budget to a monthly outlay of a car payment if I could avoid it.
4. The loan on the lawn mower was paid off 6/25/2011.
5. I modified goal #5. After the savings broke $1000.00, I decided my goal to pay off the credit card was going nowhere without paying twice as much as I was paying. See #7 for what I did.
6. I have made miserable progress on accumulating the house savings to $1000.00. No excuses, though.
7. I have not made altogether great progress on credit card payoff, either. The balance is currently $1694.00. I modified Goal #5 to make it possible to pay it off next October. In addition to paying the normal payment I was doing of $40.00 per paycheck, I am also sending all future savings deposits to the credit card until paid off to $300.00. I am estimating the payoff date will be next October.
8. We have completed some maintenance on the house.
- replaced flapper on the toilet - helped some, but need to replace the toilet eventually
- gutters cleaned and sealed
- yard mowed regularly through season
- trees trimmed, unsightly, annoying bushes removed
- electric spider repellent installed
- mailbox properly installed

That being said, I still have a long way to go. Here are my 2012 Goals.

2012 Goals

1. Pay Down Credit Card to $300.00 by 10/31/2012

As of 11-26-2011, this debt is $1694.00. I am paying normal payments of $40.00 out of each paycheck, plus an additional $40.00 per paycheck that I used to send to savings. I get paid every 2 weeks, which is usually twice a month. Two times a year, I get 3 paychecks in a month. For those paychecks, I will allocate $100.00 to debt payoff.

2. Bring car savings account up to $2000.00 by 12/31/2012

This account is currently $601.31. I deposit all extra money, such as survey checks, rebates, money from cash4books.net, and spare change from my wallet monthly into this account. My goal is to have enough to buy a car with cash when I need to replace the current car.

3. Complete some minor, and major, maintenance on the house. See the Home Maintenance Challenge list for details on this.

4. Increase house savings account to $500.00 by 12/31/2012.

5. Reduce unnecessary spending.
- Think about purchases carefully. Do I need this? How will I use it? What will I wear it with? Do I really need to go out to eat? Can I get it free or borrow it?
- Think twice before buying sodas/iced tea, because I take my own tea bags and stevia with me to work and have free access to hot water.
- Take lunch to work almost every day, but splurge on payday.

0 Responses to “Taking Stock of My 2011 Goals Progress and Establishing 2012 Goals”

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]