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2015 Goals

December 23rd, 2014 at 12:00 am

Normally I like to have many different savings accounts earmarked for specific goals....but since I had everything combined for ease of allocation during the divorce, I am kind of liking the ease of just having a few different accounts. Makes things much simpler!

That being said, it is harder to identify separate savings goals when everything is combined. So I am taking a different approach for my goals for 2015, and just saying to pay for the items with, and reimburse savings to the same starting balance.

Here is what I have so far:

-Pay in cash for repair and painting of living room, kitchen, bathroom and entry way walls
-Pay in cash for new garage door
-Pay in cash for new patio door
-Keep savings at/above $25K by end of year

-Remain Debt free other then mortgage
-Get mortgage balance to under $160K ($166,850 as of 1/1/15)

-Continue contributing 6% to 401K
-Restart contributions to ROTH IRA
-Research and review allocations of ROTH and make appropriate adjustments

-Be positive
-Work on letting go of the past and embracing the future
-Lose 50lbs
*Sub goals for this are
--Work out at gym at least twice a week
--Quit drinking pop (currently drinking 2 cans a day minimum)

-Find Renter for basement

6 Responses to “2015 Goals ”

  1. SecretarySaving Says:

    Great goals! Good luck to you in the New Year!

  2. creditcardfree Says:

    I found making goals and a plan to reach them actually helps make them happen! Good luck in the new year.

  3. KellyB Says:

    I just keep a spreadsheet with categories for my different savings, it's all in one account but that way I can see each goal and the progress. For example the categories include vacation, emergency fund, Christmas, taxes, car repairs, etc. It all adds up to the amount in the savings, but I can see at any point where each sub-goal is on it's funding.

  4. rob62521 Says:

    I think the spreadsheet sounds like a good idea. Great goals, overall.

  5. snafu Says:

    I'm delighted to see your renewed interest in the gym. It's a perfect outlet to let go of all the stress of 2014. I hope you'll use whatever features are available like a trainer and classes like Zumba which is actually fun and something social that you look forward to doing.

    I wonder if you've explored any of the 'cash back' programs offered by various CCs that are often discussed by Credit Card Free , CB and CeeJay since you have a list of projects to space out over the months. I'd suggest reviewing the list of projects to work out your set of priorities, after the holidays. Getting a renter to share costs, can free up funds for projects.

    What needs fixing 1st? Would you consider taking photos with your phone, careful measurements of your existing garage door, door opening and headroom to find out if its reasonable to repair your existing garage door? Perhaps combine that with asking at Lowe's or HD and a garage door specialty shop, when they hold their best annual sale? January? Spring?

    Patio Door, can a specialist fix/replace the patio door lock? What is the cost? Can you have a new lock installed at the top? Do you have a drop down bar? Does that problem make your home vulnerable to break-in?

    We're very DIY so I'd like to encourage you with help from a friend or BF from time-to-time, to take on some of the painting having 1st observed the pro use compound/spackle with a putty knife. https://www.youtube.com/watch?v=MJhMsfC8vdA
    I know paint is sale priced in April.

    Actual painting is much easier than you'd imagined. The hard part...really hard part is prepping the room to paint. It takes the longest time, it's fiddily work and you're paying big bucks for skill that is doing manual labour. The most time consuming, patience and skill part of the task is 'cutting in,' the term used for applying paint to awkward areas like the line where the ceiling meets the wall, around window and door frames or other projections.

    yikes..so long, so sorry

  6. Banker Gurl Says:

    Thanks all!!

    Kelly - Yes I like the spreadsheet idea!

    Snafu - Yes I actually do a lot of painting for my Dad's rental properties so I am very familiar with the painting process etc. Normally I would never consider hiring someone to paint for me as I feel very capable in this area. But there are numerous holes in the walls from XH (big, bowling ball size holes). My Dad did patch them for me, they now need to be sanded, textured, and then painted. I really want it to look nice and not like an amateur did it, one of them is right in my stairwell and anyone that comes into the house would see it very clearly, so I think it would be best to have that done by a professional. Also similar issues in the bathroom. I have a split level home with Extremely high vaulted ceilings in the stairwell, so not only are the ceilings crazy high, they are crazy high above 2 sets of stairs....you would need an extension ladder and even then would be a major stretch for someone of my size. Other rooms in my house could use painting, but since they are not riddled in holes and have normal contours, those I feel comfortable doing myself.

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