I really loved the idea of Big, Hairy Audacious Goals and in 2016 paying off the debt to live the life we wanted was huge. Now with the consumer debt gone we want a lot of things that are all huge (new kitchen, no mortgage, vacation) and if we tackle one a year it may feel like we’re waiting forever to get to the others. So I’m taking bite sized pieces out of each of them so that we can feel good about every part of our lives.
Goal 1: Mortgage Payments
I’m going to save money every month so that at the end of 2017 I will be able to put at least an extra $1,200 towards our mortgage.
Goal 2: Home Improvement
This will be the year that we fix the sinking driveway and update our light fixtures. I feel that these are two realistic goals that can easily be achieved and will make our home seem much more welcoming. I’ll give myself until May before I think about the driveway properly since it’ll be either snow or rain covered until then. The light fixtures we can begin our search in the new year. There are at least 4 that must be replaced with a couple of others that would be nice to have done.
Goal 3: Emergency Fund
I define my emergency fund a.k.a. sky is falling account to be the account that will save us in case of job loss. I currently have 3 weeks pay (1.5 months) in that account. My aim is to save another 3 weeks pay in 2017.
I’m going to do this by throwing my budget buffer money in here starting in March.
Goal 4: Vacation/2nd Honeymoon
2018 is going to be our 10th wedding anniversary. Our wedding, while fun and the start of a fantastic chapter, was bloody stressful. We want a do-over. Sort of, we’d like to throw a big party for our friends and family and go on a vacation.
We’d also like to take a vacation out of the country that year. Knowing that this is something we’d like to do, we’re going to have to start planning and budgeting now.
Goal 1: Conference/Vacation
I’m heading to a conference in February to a place I’ve never been before, and never intend to visit again, so I’ve tacked on a few extra days. The reason I’m never going again is because it’s frightfully expensive for me to go to this place. So expensive that the cost of adding hotel dates wiped out my vacation savings. My plan is to put leftover buffer money towards my vacation line in January and February so that I can pay for any excursions that I’d like. My aim is to return feeling relaxed and being debt free.
As always my overarching goal is to ensure that I stay true to myself and live a life that reflects the things that matter to me.
Are you setting goals for yourself this year?