Goals, Money Management, Saving Money

Achieving Financial Goals – The Process Remains The Same

I do not like distractions.  When I am working on an article, I don’t want to listen to music.  When I am watching television, I do not want to hear the noise of the dish washer.  My mind is of the proverbial “one-track” variety.  Multitasking is not for me. When it comes to the management of our finances, I find things work best when I’m focused – intensely focused – on either one goal – or a few, very closely related goals. For instance, let’s assume my goal is to be debt free.  Well, I might have two credit card debts, a car payment, and a student loan.  Each of these debts are part of my debt repayment plan –…

Continue Reading
Goals

Goals For 2011

It’s January 1st – a great day to announce goals for the new year.  Here are mine – 1.  I want remain free from consumer debt.  I am entering my fifth year of consumer debt freedom – and it still feels great! 2.  I want to purchase a new-to-us automobile for my wife.  We have a minivan, but the model we have is a bit small, especially for trips.  We’ll keep it, because it’s paid for, but work hard to buy something a little bigger. 3.  I want to increase contributions to our Roth IRA accounts and our kids’ college savings accounts.  This past year, we bought a house, so most of our ‘extra’ went towards making the down-payment and…

Continue Reading
Goals

The Needs Improvement List

My budget-analysis for 2010 reveals that I need to improve in the following areas – I need to spend less money on convenience store items – bottled water, sodas, chips, etc.  When I fill up at the gas station, I almost always grab a snack, too.  This habit is bad for both my waist line and my wallet.  Add this to the top of my 2011 resolutions. I need to rework my grocery store price book – and spend less on groceries.  My goal is to reduce spending by 10%. I need to embrace the summer and turn the thermostat up a few degrees.  My electric bill was much higher in the summer months this past year, mainly because I…

Continue Reading