Friday, January 2, 2009

Goals for January 2009

On the first business day of every month, I post my update for the previous month's progress, and set goals for the month to come.

Here are my goals for January:
  • Reduce my revolving debt to $14,800 - Since my CPP contributions and EI premiums are about to start again, my cash flow will drop a bit over the next several months. This means less money to throw at debt reduction (especially given my focus on saving for our wedding), but a $400 reduction in my revolving debt should be realistic.

  • Grow my Emergency Fund to $1,650 - I have an incentive bonus coming into my Canadian Tire savings account this month, so this target should be in line with my regular contributions.

  • Grow our Wedding Fund to $1,260 - I was fortunate enough to receive a year-end bonus this year, and when it arrives later this month, I should be able to get this "seed" amount set aside, and then go from there in the coming months.

  • Run an average of twice per week, and play squash at least once per week - I really need to get back into an exercise routine, so let's start here.

  • Try two new recipes, with a focus on doing as much as possible from scratch - I have a few slow cooker recipes that I'm excited to try out, so we may be hosting some dinners this month as I experiment.

  • Write detailed posts on the following three subjects:
    1. My TFSA plans

    2. My pension contribution plans

    3. My asset allocation
That should get me nicely back on track this month.


Curtis said...

Slow cookers are one of the best things that lead to savings on the food bill, and they make a difference on the time management front as well. There is nothing like the insurance of a delicious, home-cooked meal that simmered all day while you accomplished other things!
Good luck with your goals for 2009, they are solid and make a lot of sense.

Kick Debt's Butt said...

Following up on Curtis' post, you should check out the book by William-Sonoma called Food Made Fast: Slow Cooker. I've got a link to it and my slow cooking endorsement over at if you're interested. Good luck!