At the beginning of the year, I set some goals for myself. Let's see how I am doing.
1. Add $10,500 to retirement savings with the goal of having $35,000
saved for retirement by the end of the year. $5,500 will go into my
roth ira and $5,000 will go into a taxable account. Come on stock market
growth and no recession! Last year I contributed $9,500 so this will be
an increase of $1,000. So Far I have contributed $3,270 towards retirement this year. All of that went into my Roth IRA. I still have $7,230 left to contribute towards retirement.
2.Increase EF to $18,500. I have not added anything to my EF fund yet. It is still sitting around $17,000.
3. Pay an extra $290/month toward principal on the mortgage. My easily
reachable goal is to have the mortgage paid down to $200,000 by the end
of the year. The ultimate goal is to have the balance paid down to
$197,500 by the end of the year so that the PMI will drop off the
mortgage. So far so good, I have been paying $397 extra on the mortgage since the tax cuts starting showing up in my paycheck.
4. Save an additional $5,000 for my car replacement fund with the goal
of having $10,000 in my car replacement fund by the end of the year. I
will be aiming to purchase a new car in 2019. I hope with a trade in
and any money saved in 2019 to have $20,000 to put down for a new car. My car replacement fund is sitting at $5,757 as of the time of this entry.
5. Read 15 books. I have completed 2 books this year.
6. Lose 20lbs. I plan to try to lose about 3lbs a month which should
place me at 36lbs for the year. However, I know I struggle with weight
loss so I think 20lbs is a good goal. I also want to commit to
exercising 30 minutes a day for 4 days a week and eating more
vegetables. I haven't weighed myself, but I have been getting in 4 days a week of exercise most weeks (Except when traveling).
7. Donate $300 to charity. This is up $100 from last year, I hope to be
able to donate more than $300, but let's see how the year rolls. I
plan to increase this amount each year. I have contributed $76 to charity so far this year.
8. Build medical fund up to $1,000. I have not added any money to this fund.
9. Continue to build car repair fund up to $1,000. I have not added any money to this fund.
10. Get more life insurance. No progress here either.
11. Try to figure out a happy medium for the travel reimbursement
fight. I want them reimbursed in 30 days and the firm will wait 60 -90
days to reimburse me. I think I will argue for 45 day reimbursement and
all outstanding travel vouchers to be paid at year end. Right now I
have $600 outstanding from 2017. I haven't had a chance to even begin to address this.
12. Find a new primary care doctor and receive treatment for anxiety and depression. No progress.
13. Make a decision about my career and job. No progress.
14. Try something new (or outside of my comfort zone) each month (restaurant, activity or social event). So far so good. I started MTurking, went to South Florida for the first time, left a tip for the cleaning staff at a hotel and made $9 in interest on my savings account (way to go passive income!!).
15. Increase net worth by $25,000. I just did a net worth post and my net worth is increasing. I failed to do a net worth post at the beginning of the year. So I'm not sure how much my net worth has increased.
How are you guys doing on your yearly goals? Are you on track or falling behind? I feel like tracking my yearly goals helps keep me accountable and making progress.