Happy New Year!
I spent the morning contemplating my 2011 financial year in review and deciding what I want to accomplish in 2012. Even though I’m pleased with my progress this past year, I realize now that I set my goals too high and became discouraged along the way, so I decided to do things a little differently this year. First, I wanted to establish some golden rules to help guide me through 2012. Then I chose three big (but attainable) financial goals to work towards. I’m hoping this big picture approach will help me be more successful in achieving my ultimate goal of being debt-free.
2012 Golden Rules
- Absolutely, positively, no credit card usage allowed.
- Any and all tax returns, bonuses, or other windfalls (wishful thinking?) are to be applied towards credit card debt.
- Any money made from blogging will be deposited into the emergency fund.
- No new purses. No exceptions.
2012 Financial Goals
- Pay computer in full. (I broke down and bought an iMac after Christmas. Part necessity, part impulse.)
- Double emergency fund, bringing total to $6,000.
- Reduce credit card debt by 25%.
Do you have any financial goals for 2012? Any advice for me? Please share!
Hello! I’m also for greater credit card control this year. I will only use plastic for extremely necessary things and transact with cash as much as possible. Good luck to us!
Let’s all be optimistic and positive vibes in 2012!
Hope that whatever goals in this 2012 might be achieved. Thank for the great tips about financial goals.
I really like this tips thank you for sharing this to us..Looking forward to see your next post..
You had given us a wonderful idea’s in handle “financial Goal’s” And I wish all the “LUCK” these 2012.
Credit cards are evil! That’s what I believe in. Using it will just tempt you to use it. And you will never you how much you had spent for a month until you will received your bill.
Good thing that you already considered not using it anymore.
I broke my bad habits and credit cards are only for emergency usage now!