2013 Goals & 2012 Recap

iVillage Member
Registered: 10-28-2009
2013 Goals & 2012 Recap
12
Fri, 11-30-2012 - 2:16pm

wow, not only another month is coming to a close, but the entire year is winding down......

here is the thread for the 2012 goals:

http://www.ivillage.com/forums/home-garden/family-finance/debt-support-group/debt-discussions/2012-goals

I noticed some of the posts were incomplete, but we'll see what we can recover.

So - did you set goals in 2012? What were they and how did you do? Are you happy with your progress? If not, you still have a month to get happy, lol!

and what do you hope to achieve in 2013? Personal, financial and everything in between, share with us so we can support, encourage and cheer for you!

 

 

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iVillage Member
Registered: 10-28-2009
Fri, 11-30-2012 - 3:47pm

My 2012 Goals were:

#1 Save towards my sinking funds, some of these are already complete. I have already saved $1000 towards heating costs, $500 to vacations, $1,000 to Christmas, $1500 to home repairs. ~ Yes, I did do that early, at the end of 2011

#2 Save $5,000 again towards home improvements & complete 2 projects, TBD. ~ I did this and we spent it all, lol! We were able to replace our kitchen counters, a new refrigerator, a couch, it went a long way.

#3 Contribute $5,000 towards my Roth IRA for 2012 ~ this is done!

#4 and then my focus will be on paying down my mortgage. I am so excited to see what I will reduce the principle by, just with flakes. My forecast is $20K. ~ my mortage balance in January 2012 was $ 205,349. On January 1.2013 it will be 176,982. for a reduction in principle of $28,367!! I am so pleased with this, I have reduced my 30 year mortgage by approx 6 years.

#5 take care of the will, trust & any other important documents ~ this is still not done!

#6 Again, I would love to take a real vacation. we shall see. My real priority is spending quality time with my family.  ~ I did take a short vacation, about 4 days. This is a tough one to pull off for me, for many reasons.

My 2013 Goals are:

#1 Sinking funds - Save $1,000 in heating, $500 for vacations, $1,500 for home repairs, $1,000 for Christmas

#2 Save $5,000 in my ROTH IRA

#3 Save $5,000 in my Traditional IRA

#4 Save 5-6,000 for home improvements, 2 projects TBD

#5 keep my credit card balance at or near zero

#6 take a vacation

#7 continue reaching personal goals - weight loss.

#8 find an exercise class of some sort, and try it! Zumba? Jazzersize? I have no idea!

#9 Pay down mortgage balance, my goal will be $25,000? This will be tough, but I saw what could be done over this past year, so I am going to push myself.

I am looking forward to hearing from everyone. You may have heard the saying, reach for the moon, if you fall a little short, you will be amongst the stars. Set your goals just a bit higher than you think you can acccomplish, push yourself. But not too far. Unrealistic can just lead to disappointment.

 

iVillage Member
Registered: 10-01-2008
Fri, 11-30-2012 - 4:16pm

This was my 2012 goals: 

"I WILL SURVIVE" - I was so depressed after reading my 2011 goals, that I didn't even bother to copy them and bring them forward.

This is my reply for 2012.

We did survive.The only debt, outside of normal household bills that we have is $86.51 to my employer.  No medical, no dental not anything other than cable, cell phones, electric bill, insurance and of course the house payment.  We have 64 weeks left to pay back $518 a week to the Chapter 13 Trustee.

Goal for 2013: 

Stay out of the doctors office.  2012 produced a lot of medical bills for me and $$ dental bills for hubby.  He has a small amount of dental work to be done - 2 fillings, and effect 1-1-2013 he'll have $1,000 worth of dental insurance available.  It will pay 80% of this.  I have a mammogram & heart doctor (pacemaker) recheck in January.  

My goal for 2013 is simply to stay of top of things.  Try our best to save money, but it's getting harder and harder with rising cost of food, high price of fuel and the fear of what the government will do with taxes in the USA for 2013.  We cannot afford $2,000 a year out of our checks.  I have not ideal how we will survivie if taxes increase that much.  That will take ALL the money I can save each month.  Hopefully that will not happen. 

I want to build up a savings account and a Christmas club.  I'm not sure about how much.  Just anything will make me happy at this point since we have been living paycheck to paycheck.  

Here's to a better 2013.  


iVillage Member
Registered: 04-08-2008
Fri, 11-30-2012 - 8:17pm

are you talking about the Bush tax cuts? the ones the news is always talking about expiring?

I'm Canadian but we get a lot information about your politics/economy/etc. I think they said Obama wasn't going let the lower tax brackets expire so hopefully they are right!

Dee

iVillage Member
Registered: 10-17-2010
Sat, 12-01-2012 - 8:01am

So, I know I set goals for 2012 but I can't remember all of them and they don't appear in the thread.  Bummer :(

I know one of my goals was to wipe out all but one of our credit cards.  We didn't achieve that.  Right now only one of our cards is paid off and while I'm bummed about that, I'm hoping this year will be better.

Goals for 2013:

1) Finishing paying off the cards.  I'm hoping we can squeeze enough money each month to get all but our highest balance cards down.  I truly think this is manageable.  Even if we can't squeeze the money out monthly I'm sure some of our tax refund will go to that.

2) Cut the loan on my car in half.  Right now we owe right at 10k on my car.  We've had this loan for an unspeakable amount of time.  We need to hurry up and get rid of it but I'll settle for half gone.

3) Continue getting regular exercise.  I have to do this for my sanity.  Not to mention that when I'm at the gym I'm not spending money.

4) Read more with my munchkin.  I've been trying to read a book a day with her this year and I was doing decently until this last quarter :-/

iVillage Member
Registered: 01-23-2007
Sat, 12-01-2012 - 12:44pm

I did not set goals, at least on the DSG, for 2012 but I'm definitely thinking ahead to 2013.

My primary goal for 2013 is to pay off all our credit card debt. We need to do this because we will need to start paying on the college loans we took out for DD. She'll have loans of her own to pay back so this is really up to us. They are 10 year loans, but I intend to really ramp up those payments because DS is following closely behind.

Personally, I am trying to lose a total of 15 pounds. I've taken about 3 off and that has stayed off. Some days I'm a little lighter. I'm looking at my diet and exercise routine to see where I need to make changes.

In all aspects of my life, I'm trying to be more mindful: mindful eating, mindful spending, mindful communication. It seems to be helping so I intend to keep it up this coming year.

Didi


iVillage Member
Registered: 11-14-2008
Sat, 12-01-2012 - 12:54pm

Awww no idea on 2012 goals. Can we seach for the 2012 thread. I tried but it didn't work.

2013:

Increase net worth

Possibly pay off truck or drastically reduce the total on that loan

Increase savings  in the house fund

Increase other savings

iVillage Member
Registered: 07-27-2009
Sat, 12-01-2012 - 3:04pm

I posted goals last year for the first time but it cut off all of the actual goals...lol.

2013 Goals:

1) Pay off all credit cards remaining.

2) Start saving for a new-to-me vehicle with low mileage. Hoping to find something for < $20,000 with a 6,000-10,000 down payment. Hope to be able to make this purchase by the beginning of March.

3) Work on myself. Mentally and physically. I am unhappy with myself. This is not my normal state of being, so I need to kick up the mental breaks and the physical activity. I need to also take breaks with the big kids, as they are showing signs of resentment in my new path (they miss me and I completely underestimated how much they would react/act out).

4) Complete my MBA by December :) Although it is putting a strain on my family, slowing down will only prolong my absence.

5) Pay off aforementioned vehicle by December. This is lofty, but I think I can do it :)

JenAaron.jpg picture by jen2075


iVillage Member
Registered: 07-06-2003
Sat, 12-01-2012 - 11:50pm

I don't think I posted any goals for 2012 but my singlular goal was to become debt free.  As of December 20 2012 I'll be 100% debt free :)  This was also the year that I relocated to join my now husband and we got married this past October.  In many ways 2012 was a banner year for us!

Goals for 2013

  1. 1.  I have $25,500 of contribution room in my TFSA.  The goal will be to max out the entire amount! 
  2. 2.  DH & I need to save $5K towards immigrations fees.
  3. 3.  To be more consistent in working out.  I'd like to average a minimum of 3 days/week for 30 minutes each session.  I will start tracking this in January 2013.
  4. 4.  Increase my income by 10% over what I currently make.
  5. 5.  Do my part to nurture and strengthen our marriage and encourage DH to do the same.  We already have a wonderful relationship so I'd like for us to continue to work on that.
  6. 6.  Enjoy some of my income within reason and not be so scared to spend money on myself from time to time...pamper myself!

Kassandra

"It is said that life has its peaks and valleys.  The challenge is to accept them equally and experience them

iVillage Member
Registered: 10-01-2008
Mon, 12-03-2012 - 12:48pm

Yes Dee....but they are talking of taking away the tax advantage for mortgage interest.  In the same sense, they're still messing with what we bring home because we will have to adjust our deductions.  :(

Avatar for turtleemom
iVillage Member
Registered: 07-25-2007
Wed, 12-12-2012 - 9:25am

It took a while for DH and I to come to agerement on our goals.  I wrote my ideal goals for the year, he wrote his and then we went through them to see what was best for our family as a whole.

Put $500 a month aside for 2014 Grand Canyon rafting trip plus 1/2 of any gift money he and I receive-trip will be between $9,000 abnd $10,000 for the 3 of us 

Put $300 aside for other vacations plus any overage of budget from commissions

Pay off half of the car-use any tax refund to put towards also

Keep our grocery budget in check $170 week

Eat out no more than 6 times a month (includes lunches)-make eating out memorable-try new places

Stick to education  budget of $5,000 for the year for DS--plan wisely

Both of us need to get in better shape-still working on an exact plan 

Continue family night one night a week, game night on the weekend, and 3 date nights a month ( DH and DS, DS and myself, DH and myself)

Redo both bathrooms-hire out

Keep our retirement and college contributions where they are now will revisit and raise in 2 years when car is paid off

Keep EF at $3000-if dipped into replace before adding to vacation funds

 

 

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