Goals Update – August 2012

I last updated our goals at the beginning of August.  Here is our progress since then:

–Pay off our credit cards.  On Track.  We owed $15,815.82 when I set these goals on January 4th, and now, as of September 1st, our balance is $9,808.01  Thus far we have paid off $6,007.81 or 37.9%.  Our goal is now to pay this off within the next 10 months.

–Pay off my student loan.  On Track.  On January 4th, my student loan had a balance of $6,167.53; as of September 1st, the balance was $4,882.53, so we have paid off $1,285.00 or 20.8%.

–Snowflake at least $750 a month on debt.  Not yet accomplished.  This has come to a complete standstill thanks to Japanese school and my husband’s student loans all entering repayment in addition to saving for the two conferences we have to go to this fall.  We are planning another budget meeting to get back on track.

–Sell $1,000 of stuff around the house.  On target.  In 2011, we sold $1,550 of stuff, and the goal is to sell $1,000 in 2012.  Right now we have sold $590.  However, I just began a 60 day declutter and earn money challenge, and I am hoping at the end of September I will have completely accomplished this goal.

–Learn to use coupons strategically to lower our grocery bill.  Fail.  I have not made any progress in this area.  I am too busy, which means I am losing money by not couponing, but since we can purchase so few processed foods thanks to our food intolerances, I am not very motivated.

–Lose 25% of my body weight.  No progress this month.  I am holding steady at 4% of my body weight gone.  Time to make this priority a top one as I have made no progress in several months.

–Get 7 to 8 hours of sleep a night.  Making progress.  I changed my routine so I am now up by 5 a.m. and working by 5:30 a.m.  I would have thought this would make me get less sleep, but it has actually helped me get more sleep.  Now, I am usually getting at least 7 hours a night.

–Send my daughter to Japanese school.  Accomplished.  After much debate and viewing two other potential schools, my husband and I decided to send our daughter to Japanese school.  She has been going since the beginning of May.

–Increase our emergency fund.  Fail.  In January, my target was to have an emergency fund of $3,000.  We had to dip into our emergency fund again because September expenses are very high.  This is yet another reason why we need to restructure our budget.  I haven’t been saving for yearly expenses such as license plate tabs and insurance, so I have to dip into the emergency fund frequently.  Instead, I need to set that money aside, even if it means less money for debt repayment.  We now have $611 in our emergency fund.

How are you doing on your goals?

Comments

  1. I would not be to upset about the coupon thing. There are times when I save a boat load and thn times where I won’t use one for a month. It just depends on the season and if we are baking alot that month.

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