Happy 2010 everyone! I can feel that this is going to be a terrific year. We are paying down our debt at a good rate, we’ve purchased a home and will be moving in October, and we haven’t sold the children to the gypsies (yet). As many of our fellow personal finance bloggers have done, we have set some personal and financial goals for the coming year.
1. Closing/Moving/Basement Renovation Fund
- If you take a look at our sidebars, you’ll see a change to our former basement renovation ticker. We’ve decided to lump all the funds for the new house together into one savings account. So that’s the closing costs, moving costs and the basement renovation. The goal for that is $15,000. This goal is certainly do-able. We will be adding both our income tax returns into the fund once we get them by the end of March. That will be approximately $5,000 right there. So basically we’ll have about $5,500 to save for by October 6th, our closing date. Once our 3 credit cards are paid (see below), we’ll be putting half of those payments to the fund and half will go on another credit card to pay it down.
2. Credit Card Closing
- We still have to close the 3 credit cards. We have completely paid off one, and have approximately $4000 left on the other two. Shane has some end of year money coming in from work and when we combine that with our regular payments we’ll have it paid off by the end of February.
3. Front Loader Washer and Dryer
- Amy and I both want a front load washer and dryer for the new house. We do have a certificate from our builder for our 5 appliances (washer, dryer, fridge, stove and dishwasher). These, of course, are for standard white or black appliances. In order to get the front loaders, we’ll have to put up the extra money. We have calculated this at approximately $1500. So that’s another new ticker! We’ll use extra jar money (we always have between $20 and $50 a week leftover) to accomplish this.
4. Girls Weekend Fund
- Amy and I have a weekend getaway in Muskoka to go to in April. Every year we get together with our amazing girlfriends, without children, and relax and have a great time. Our share of the weekend cottage rental turns out to be approximately $50 each. Then there’s gas money, our share of the food (everyone plans one meal for the entire group, Amy and I usually take Sunday breaky), and a bit of spending money when we go into town. We’ve put that ticker at $300. Right now, we already have $100 saved…yay us!
5. New Pots and Pans
- This is an extra little goal that we have for the new house…we want new pots and pans. A decent set will cost us around $500. I have my eye on some shiny red ones from Kitchenaid that will match our new mixer. This isn’t a need, it’s a want. It’s something we’re working towards, but we don’t definitely need them by the end of the year. Once we have paid for our weekend away, we’ll start putting our change away to pay for new pots and pans.
1. Lose weight
- All three of us grups need to lose weight. I need to drop 50 pounds, but I am putting my goal at 30 pounds for the year. That’s 20% of my current weight. Amy would like to lose 20 pounds, and Shane would like to lose 30.
2. Exercise More!
- This is a total must…we all lead a very sedentary lifestyle. We have a membership at the Y and we are committed to start using it more. The kids all take swimming lessons there, so we are breaking even on the membership fee, however we don’t use the facilities as much as we could or should. Amy and I are going to be taking Aquafit once a week and hopefully, we’ll try to find a way to get to Yoga once a week as well. I am the one who shuttles the kids to lessons, so while they are swimming, I am going to take advantage of the equipment for that 30 minutes, or do a lane swim.
- Amy and I are both avid scrapbookers. We have fallen behind on our books and don’t get to do as much as we want to. We are setting a goal of getting 8 layouts each a month. We also would like to attend 3 all day crops this year. I also would like to do a year of “Twelve on the Twelfth” every month. You take 12 random pictures on the 12th day of every month and scrapbook them. That would be included in my 8 pages per month.
So far these are all the personal goals we have. Neither one of us takes as much “me” time as we should. I would also like to try to set one day a month to do an activity with the entire family…we haven’t decided what shape that goal will take yet, though. We both have our own separate personal goals we would like to work on and that may or may not become a separate post.
So, what are your goals for the New Year? Do you set both personal and financial goals for yourself? Why or why not?