Wake up, wake up, wake up it’s the 3rd of the month!
Yes, I know. I’m a few days late of my monthly goals. But look…
Ok, I got nothin’. Leave me be dagnabit! Now, back to the (ir)regularly scheduled program, Mmkay!
Hey, Guise! As you may already know, I attempt to do a first day of the month goals post for each month. Each month I write a post that entails all of my financial goals that I hoped to at least start working on , if not completely annihilate, altogether. So, in an effort in maintaining a semblance of consistency, here we go again! Let’s keep the party going!
Today is the first day of February and tell me why January was longer than all of 2017? Gahlee! I didn’t think it would ever end. But I actually have an update!
Here we go:
- I still want to be completely debt free.
I have to be honest: I’m still paying for Christmas and New Year’s. I still haven’t recovered from buying holiday gifts and the extra costs from my cruise this past December. BUT I am making some headway on my last credit card balance. I paid approximately 25% off and WILL have it paid off no later than May. Ideally, it will be paid off much sooner.
However, one good thing that I am happy to announce is that I made my last payment on a personal loan and that leaves just the credit card debt (which will be the last of my consumer debt).
I can’t wait until I make that last credit card payment and can tell Capital One to kick rocks with no socks.
- Create a Well-stocked Emergency Fund
I have saved a few hundred dollars. Dassit. I decided that my goal will be a minimum of $5,000. That is approximately four months of bills, just in case some sh*t goes down. I would feel better about life with a safety net to cushion be from unforeseeable circumstances.
Currently, I don’t even have $1,000 saved, so I have a long ways to go.
- Create Multiple Sources of Income
I have decided to start making automatic deposits from my weekly paycheck into my Roth IRA and into my savings account. That way I don’t even see it (and hopefully miss it) come out of my check.
- Planning for early retirement
Ugh. See the above.
BUT new development! I just transitioned into a full time position at my main job and enrolled into my first 401K. My employer matches 3% if I contribute 5%, so…DUH. Free schmoney, no whammies. So, for now I’m doing the minimum 5% to receive the match and the rest of my efforts continue to be focused on my Roth IRA, because I can purchase stocks using it. And I want dividends.
- Be a Blessing
I plan to volunteer more. I am becoming active again with a service organization that I am apart of so that will be fun. I definitely look forward to getting back active in my community.
These are just a few of my main goals, on my journey to wealth. Its a new year and I’m pretty excited about the possibilities. I am currently tracking all of my expenses and purchases this month. I hope to gain more clarity of where my financial leaks are and plug em up! I can’t wait to trim the fat and reach my fullest financial potential.. I’m pretty positive about accomplishing my financial goals. Send positive vibes and prayers my way, though, just in case.
How have you prepared for the new year? what are your financial goals and how do you plan to accomplish them? Let me know in the comments!