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My 2015 Goals

January 1st, 2015 at 03:04 am

A new year begins and so it is time to create goals that are SMART (specific, measurable, achievable, relevant & timetabled).
Goal 1:
As our income is unstable for the moment I thought that the best thing to do was to a 52 week money challenge. I have chosen to do 2 x 52 week double money challenges. It might be a bit much for us, but we may also be pleasantly surprised. I will update the sidebar as we progress. We both have credit cards which are currently maxed out but also need to create an emergency fund, especially as B is self-employed. So for 2015 I would be happy to pay 20% of each credit card limit and to send the rest ($3692) to create the EF.
Goal 2:
Banking The Difference.
As we have had to cut so many costs and have become accustomed to spending the revised amount, once we are back receiving both incomes (hoping to be able to start February 1 2015), I would like to set aside the previous amount to spend on each item (for example grocery shopping $170 per week was our previous weekly spend) however actually spend the new amount (for this item $100-$110 per week) and send the savings to our credit cards and EF as per the 52 week challenge allocation. The only thing I will pay differently is the mortgage which has also dropped in the last couple of months- this difference will get paid against the mortgage.
Wish me luck guys!

2 Responses to “My 2015 Goals”

  1. scottish girl Says:

    Good luck!

  2. VS_ozgirl Says:

    Thank you, good luck with your goals too!

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