I am embarrassed to admit that I haven’t updated my 2012 goals, but luckily it isn’t because we haven’t been making progress. It just slipped my mind, for several months. I promise to be more diligent and report monthly from nowon.
–Pay off our credit cards. On Track. We owed $15,815.82 when I set these goals on January 4th, and now, as of May 29th, our balance is $11,375. Thus far we have paid off $3,893.22 or 28.1%. My initial goal was to have these paid off by the end of the year, but ideally by October, but I think that plan might change. I seem to do better focusing on smaller debts to pay off because I can see the end, so I am planning to move to my student loans at the end of the month.
–Pay off my student loan. On Track. On January 4th, my student loan had a balance of $6,167.53; as of May 29th, the balance was $5,550.81, so we have paid off $616.72 or 10%. However, beginning in June, this loan will become my primary debt snowball and snowflake target, so I plan to finally kick this loan to the curb no later than October.
–Snowflake at least $750 a month on debt. Not yet accomplished. Thanks to a very rough patch in March and part of April, we couldn’t snowflake as much as I would have hoped. However, we are happily back on track. As of April 26th, we had snowflaked a grand total of $2,400 in 2012, which averages out to $600 a month. We haven’t hit our goal yet of $750 a month, but I am still pleased with our progress.
–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. I sold off my kids’ outgrown spring/summer clothes during our rough financial month and made $250, so we are 25% of the way to our goal. We plan to have our garage sale in June, so that should help us make quite a dent in our 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. Making progress. I was failing miserably at this goal until I went off gluten to see if it improved my chronic exhaustion and dietary issues. I have been off gluten now for a month, and I plan to reintroduce it sometime in June. As of May 18th, I have lost 4% of my body weight.
–Get 7 to 8 hours of sleep a night. Fail. I was making progress on this until our new neighbor moved in upstairs. She is fond of running the vacuum at midnight and clumps around in loud shoes until one or two in the morning, waking our two little ones. Have I mentioned I can’t wait until we can get our own house?
–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. On target. In January, my target was to have an emergency fund of $3,000. Our emergency fund is currently $2,177, so this goal is 72% complete.
How are you doing on your goals?