01 January 2013

Happy New Year & Goals for 2013

Happy New Year!

Guten tag, happy New Year! Today happens to be the start of another cycle of the Gregorian Calendar, so the Mayans were way off. Can't say I'm mad that they were, though. Anyway, with a new year come good intentions. Now is the time to try to remember all the resolutions that were made in the wee hours of this morning. You should probably at least write them down so that you can keep track of them after the day ends. Sharing them with a close friend or two who will help keep you accountable, and they may also enjoy a motivational partner to keep them on theirs.

Usually, I always fulfill my New Year's resolution which is to not make one. I'm of the belief that a special day is not necessarily for the truly motivated, so why not start now. However, now also happens to be the start of a new year, so it looks like I'm finally breaking my resolution and making some. I'll see how it turns out, it might not be a bad idea after all.

As I have previously mentioned, one of the main reasons I started this particular blog (and yes, I do have several others) is to chronicle my journey to FIRE. One substantial speed bump on my journey is the debt I was naive enough to accumulate over the past six years or so while in school. I wish I could attribute it all to student loans, but alas, that is far from accurate. A couple cards and a car loan dominate my monthly finances before I ever get near regular expenses.

Goal Time

According to MMM (and probably some research too), a public goal is one that is more likely to be carried out. That makes sense, because I had intended to pay off the car and/or one of the cards by yesterday, and neither occurred. Probably because I didn't tell anyone else my plan. So this time around, I'm putting it out for everyone to be aware of so that someone can come smack me if I'm still carrying either balance a year from now. So without further ado, le goals:
  • Pay off my Chase Rewards card (and also convince them to make it a Sapphire Preferred instead)
  • Pay off my car loan
  • Pay off one of my retirement account loans
  • Replace or supplement my car with a cheaper alternative
  • Make a substantial dent into my First Financial card (probably close it too, despite the generous credit limit)
  • Boost my emergency fund 

Join we all

Well, those are my goals for at least a good six months. I'm cautiously optimistic about the success of these goals. Barring any unforeseen circumstances, I hope to be able to cross them all off before another year has passed by. As for you, if you feel like sharing any goals you may have or pointers to accomplishing them, the comment section is wide open. Once again, prospero año y felicidad!

Photo sourced from Mark Kens.

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