Tuesday, February 3, 2009

January Goals: Hit or Miss?

Below are my goals that I set for myself in January and whether I Hit or Missed:

  1. Don't overspend. I know what I make, and I know what I have to pay. So when that money is gone, that's it. Period. No credit cards. I will accomplish this by monitoring my spending and truly thinking through purchases before I swipe my debit card. I have a closet FULL of clothes...so much so that I wear things once and often forget about them. I gave 35 sweaters and 13 pairs of shoes to Goodwill and my closet is still full...I have clothes in waiting?! No more... HIT. (Cue the cheers) I did however have to swipe my credit card for Michelin tires at the dealership. I'm beginning to think that I got hoodwinked.
  2. Push all extra money towards credit card debt. I've decided to take all of my extra money and put it towards my debt. This in addition to my tax refund, which I hope will be grand. What's the point of me saving money that's earning 3% interest, while I'm racking up interest on my credit card at a rate of 8.99%?! Not a huge difference, but over time...I'm sure it is. So as of now, all savings is halted...I have more than 6 months living expenses saved up, so the next responsible thing to accomplish is to pay off my debt.
    That's it...simply said. No fancy resolutions, just simple goals. HIT/MISS. No extra money yet...I get my first paycheck for February this Friday, which means I will then push all extra money from January to the CC. I'd planned to push $200 at a minimum to them, so that will at least be done.

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