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.

2 comments:

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.
Jerry
www.leads4insurance.com

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 kickdebtsbutt.com if you're interested. Good luck!