What is it about January 1st that makes (nearly) everyone want to start fresh?
There is something promising about the clean slate that the first day of a new year brings, yet so many of us completely forget our “new year, new me!” attitudes by the second of February. Nevertheless, January is a great month for reminding ourselves of what is important in our lives.
A recent article on Listen Money Matters talked about how to make 8 Popular Financial Resolutions more attainable. This article really resonated with me, since the summer of 2014 was a difficult time for me, financially, and I am only now pulling myself out of the mess that unemployment caused.
Now that I have relatively steady employment — as steady as one can be in a contract-based employment field — I have a few goals of my own in mind.
1. Get back on track with my Independence from Student Loan Debt goal I made last year.
I could not have predicted the financial difficulties N and I would face soon after I created that post, so I am disappointed to say that here, at about the midway point in this challenge, I have not been able to pay much more than minimum payments on these loans. Of course this is a disappointment, as I don’t like to fail. However, using the guides for making manageable and trackable goals from Listen Money Matters’ post, I am going to chug along as best as I can. Although it is very possible I will fail to pay off all of my debt, even diminishing it by 1/4 will be a victory.
2. Eliminate unnecessary expenses.
Recently, N and I cancelled cable and updated our cell phone plans, saving a total of $150 per month. This is fantastic for us! We still have the ability to cut more out of our spending, and I will be detailing our plans as we go along.
3. Create a new side hustle, or improve a current one.
My final goal is to increase my income. Lately I have been tutoring more, which is nice but involves more driving than I am happy with. I would like to either improve this side hustle by setting myself up in a singular location and having students come to me, or create a new one that has less demands on my car and commute time. Time is money, and gas is definitely money!
What goals are you working on for this year? How have you made your goals more attainable?