Monday, January 03, 2011

Money-Saving Monday: the goals

I introduced this feature yesterday, and mentioned that it is part of a link-up. Each week, Pennywise, from The Saved Quarter is going to introduce themes on her blog to follow for the link-up, and most weeks I'll probably follow it.  This week, for example, it is time to set specific goals. So, in order to meet my goals of:

1. Paying off a private loan
2. Giving myself some travel for a graduation present
3. Paying off some car repairs (thank you, The National Bank of my parents!)
4. Having a modest emergency fund
5. Save for a $100 holiday

I will:

1. Have 10 no-spend days every month
2. Shop online and use Ebates, My Points, etc. whenever it is affordable (free shipping, for example).
3. Buy used before I try for new.
4. Seriously limit my coffee shop addiction (I have a new coffee press, so this should be easy!).
5. Write down everything I spend, and everything I save.
6. De-clutter my apartment and sell what I do not need.
7. Find a way to babysit more, sell my crafts, do odd jobs.

Whew!  It's going to be busy, but I hope y'all are prepared to stick around for the ride!

I'm going to track my progress in percentages. I have calculated how much money I am going to need to accomplish all of this, and after I pay tuition later this month, I'm going to start tracking my progress.

What are your financial goals this year?


  1. Great goals!

    What kind of travel do you want to do and how much do you anticipate needing to do it?

    How much is a modest emergency fund for you?

    I look forward to seeing your progress!

    One thing - on the linky, you've got two // at the end of your link so it's not linking here. I don't know if you can edit it - I can't - but you may want to correct it so you get more encouragement from other savers. :)

  2. (Link from The Saved Quarter is still broken, but I managed to find you ;o)

    Sounds like we have some similar goals...keep up the good work!

  3. I had the same trouble with the linky, but I found you anyway. Good luck with your goals...they seem managable.

  4. Thanks Cherish! I appreciate you finding me, despite my technology issues!

  5. Hi Lauren! Good Luck in the challenge! You can do it!!