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2011 already? Really?

November 30th, 2010 at 06:55 am

How can 2011 be a month away? Gack.

Oh well. I was inspired by those of you who are over achievers and have already posted your 2011 goals. I thought about mine, and here goes. Another ambitious year.

**2011 Goals**
$10,000 to EF savings. We should be able to do this if we stick to the weekly spending cap and keep up our auto transfers to savings every payday.

$10,000 to house fund. The ONLY way for this to work is to just put our tax refund into the savings account I have designated for this. We are moving in the next two years to a better school district, and I want to have some more saved to cover the costs. The ultimate goal is $25,000. I think (fingers crossed) we can swing $10k this year.

These three are the same as last year:
$4620 to kid 1's college fund
$4620 to kid 2's college fund
$4000 to my IRA

This one is new:
$2000 to Roth IRA. I may just transfer the money out of our taxable brokerage account. No sense paying taxes on money we don't touch anyway, when the earnings can grow tax free.

Pay $5,000 on car loan. Regular payments plus the extra I send every month amount to about $3,000, so I'll have to make extra extra payments occasionally.

So yeah, these goals will require much more budget stretching. So, I have a goal to earn $300 more a month freelancing. I think I am in a groove with the babies where I can safely take on one more project a month, and then I can allocate the extra funds for the house, car, and college. (my steady gig goes to the IRA and college funds).

And on a personal note, I am going to continue the momentum from this year.

-Revise my first novel and send to literary agents
-Write second novel (sequel to the first)
-Lose 15 pounds (I have planned two more 6-week weight loss programs. I lost 10.5 the first time around, so 15 in two sounds doable.)

And, finally, a decluttering goal. My goal is to donate 2 boxes/bags a month to Goodwill. We have too much stuff, and with a move coming in the forseeable future, I don't want to hang on to anything we don't love or use.

5 Responses to “2011 already? Really?”

  1. ceejay74 Says:

    Very ambitious indeed, but you seem like one determined person! You've given me some ideas for my annual goals...

  2. ThriftoRama Says:

    I'm wondering if I am setting myself up for failure, given the recession has basically cut all of our side and freelance income by 75 percent. Oh well, aim high right?

  3. Homebody Says:

    This is a big turnaround in you from when you were so down. I am really glad to see it.

  4. ThriftoRama Says:

    Yeah. I did get pretty hopeless for a while there. Sorry to be such an Eeyore guys!

    It took me a while to figure out how I could make positive changes in my life in a time when there are so many demands on me.

  5. Homebody Says:

    No reason to apologize, glad we were here for you.

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