Ok, so I've got a ton of things I'd like to accomplish, but the focus of a gnat. So I've decided to address my biggest short term goals (short term meaning less than 6 months.)
In regards to my finances, this is what I think I must do by December 31 (all debts listed in sidebar):
1. Plug the leaks in my budget.
2. Pay off Debt B entirely
3. Reduce Debt F by 1/2, bringing it to $500.
4. Increase E-fund by 50.00/month.
A careful assessment of my goals shows me that if I can do #1, the rest should fall into place. So that's the first step: really targeting those areas that result in overspending. One of those is eating out, so packing lunches consistently, and having healthy snacks in the house are key.
I know I should probably work more on paying off debt than building an e-fund. However, I only have $500 in the account, and I'm the sole breadwinner. I'm afraid that if something happens to me, I won't have any $$ to fall back on.
There are things that I want to have: a new coat, a laptop, some stuff for my place, but these aren't necessities. So I'm saving for them, but I'm focusing on the goals.
Refocusing the efforts
July 26th, 2007 at 07:30 pm
July 26th, 2007 at 11:46 pm 1185493616
A plan is better than no plan and I like how knocking out a small debt (Debt B) can make a huge psychological difference in how you will then attack those remaining debts.
Make us proud!
July 27th, 2007 at 06:11 am 1185516716