01 January 2014

Hump Day Herald: HAPPY NEW YEAR!

2014 is entering the puzzle of life!
Image credit: Stuart Miles / Freedigitalphotos.net
Can you believe it? It seems like just last week that we were ringing in 2013 and now we're doing the same for 2014. How. Time. Flies. Anyway, lots of things happened in 2013, which I alluded to in my last post. But first, let's review the goals that were set for the year. I checked in with a six month progress report back in July, but a lot more has happened since then. Let's review them again.
  • Pay off Chase: done, but currently has an interest-free balance
  • Pay off car: done via 12 month interest-free offer from Chase, currently $800 still remains
  • Pay off retirement account: low-hanger, was already going to occur
  • Replace/supplement car: new bike was obtained + much more bus usage
  • Pay down First Financial: took out a consolidation loan from Lending Club and paid it off, put the card away for good
  • Boost emergency fund: I've recently gotten at least a good year's worth of interest-free springy debt
So, that's what happened in 2013. Now on to 2014 and what I plan to accomplish in the upcoming year:
  • Develop a budget - Since I've moved out and altered my funding sources, it's finally becoming time for me to not just do the mental budgeting that I've practiced for far too long.
  • Automate my finances - This is a bit related to the first point. With my finances squared away, pretty much all of it can be paid online. Practically all of my credit cards are rewards cards, so it only makes sense to use them to pay for everything and get a slight discount on my normal expenses.
  • Acquire motorized transportation - Though I have the bus and bike available that both see frequent use, they often end up taking about the same amount of time to the vast majority of my destinations in the area. (Although I'll gladly jump on the bus if it's passing.) One is just a bit sweatier. I'll see how things pan out, but I get the feeling that I'll end up with a car or motorcycle within a couple months.
  • Eliminate debt - I still have some balances that need to be dealt with. Many are currently at 0% so I need to pay them off before that changes. Then of course, I have the two biggest balances which are NOT at 0%. Still, the 0%s are all pretty small balances and offer a good debt snowball opportunity since paying extra on the bigger balances doesn't lower the monthly.
  • Finish my flight training - Possibly a lofty goal, but avgas isn't getting any cheaper either.
  • Develop multiple funding sources - I've never been much of a salesman, but I certainly can do quite a few things. I figure I should start getting paid for doing them.
I'm sure more things will pop up as the year progresses. Life happens. I'll update as it occurs. What about you? What do you plan to get done in 2014? Is there anything left over from 2013 that you want to extend into 2014? Leave a comment and share your story!

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