Category: Goals (page 1 of 5)

Re-evaluating priorities; That bag I thought I wanted.

I have been coveting a Banana Republic bag for quite some time. This one;

Capture

I even made it a part of my goals for 2015 in my 30 goals for 2015 post, look:
2Every so often I get a new purse because an old one has worn out, or the functions that I need it for change. The current purse I use for a bit dressier occasions when I still need to carry a few things around is starting to show signs of wear, so I’ve been looking to replace it.

There are a few purses I have considered, between MK, Kate Spade and BR. In hindsight this was complete idiocy…. I have a line of credit/mortgage to pay off, I have retirement to save for, I need a newer car in a couple of years. A new pricy as hell purse? Even after a discount any of them run me over $200. Who am I kidding?

In 2012 I used up 75% of the emergency fund I had saved at that time to cover living expenses as my income plummeted in early 2013, it started increasing again when I picked up seasonal employment last year. Ive only been contributing a measly $25 a month October 2013 and onward.

I bought a nice Ck bag in August of 2013 and while I haven’t regretted buying it at all, until now, the mid $200’s price tag set me back about a months worth of groceries and in reality…. even though I saved for it; could I really afford it? No. The purse cost me about 1% of my income that year. 

Capture3

Was it worth it? No. I like fashion, I do enjoy looking nice, dressing nice. Banana Republic, Ck, Kate Spade, Ralph Lauren… I am a sucker for the preppy new England look. I don’t quite dress like it, but I do own a khaki coloured trench coat, and I wear my jeans with a leather belt, and flats, and yes I like fancy purses and preppy dressshirts and a-line skirts. I find it appealing. But am I really wearing these items for me, or am I also wearing these items to present an image to the world? Most likely the latter.

While I liked that purse, it’s highly unlikely anyone other than my friends and family really noticed me using it. I didn’t end up liking the quality and the handle has had to be sewn on once already. Don’t get me wrong, there isn’t anything wrong with finetuning your image for yourself and the world. After all, it’s important for your work and social life, but was this expense warranted for me personally? Did I need more stuff in my closet while I am looking to have less stuff? Was it really worth it? Not at all. I don’t want to be poor, this is not the way to not be poor.

My 2015 income should end up being about $30,000 after tax (which reminds me that I’m currently four days late filing my tax return, crap). I projected my income at $27,500 in January so I’ve been able to increase that which is awesome! 🙂 My income is earned in a variety of ways, I’ve had more than one job on the go since I graduated college;

– My normal part-time cleaning gig which consists of two different contracts (I am the main contractor)
– My seasonal luxury cottage scrubbing (self-employed)
– Commission based property rentals
– becoming an accidental landlord on my own house
– occasional random side jobs

The $2,500 increase is not much but it’s something. $30,000 is not terribly low. I can and do, do a lot with my $30,000. 

But I have $4,725.64 saved for retirement right now. Under five thousand dollars. That is just… I mean that will get me what, a quarter of a year of living in the future? Maybe after compounding the interest I’ll get a year worth of living out of it in a good 30 years orso. Maybe more, maybe less, I have no idea because it’s not worth it to do the math because the point is: that is ridiculous. 

I have house debt to pay off asap and if I ever want to retire, a retirement to save for. I don’t want to be poor.

I had no business buying a $240 purse in 2013, and I still don’t in 2015.

What ridiculous purchases have you made that were really kind of stupid??

25 Goals for 2015 – February Summary.

Financial

I hit every financial goal this month. I didn’t screw up anything and I’m actually a little bit ahead in some accounts. I can easily fall behind again in March so this doesn’t change anything. I’m just going to keep trucking and make this an awesome year. My house still hasn’t sold… and I won’t drop the price to below what the market should pay just to get rid of it, so I’ll just sit and wait. Let’s recap:

1. Stop using overdraft, live on last periods pay. Reach by end of February. Done. Anytime I have money in my chequeing I feel the urge to either spend, invest or save it. It was strange getting used to having a balance in my account instead of letting the overdraft take care of things. It feels better now though, I have all my bills on schedule including my savings contributions, and cash in my wallet and a balance in my chequing. Haven’t been here in a while!
2. Save and splurge on a nice new purse in the spring, Michael Kors Dillon? Haven’t done anything with this yet.
3. Sell my house. Take the money and run. In progress
4. Max emergency fund to $10,000. Save $571.59/month. Done. I actually put in more this month because I had a little bit of extra income from a cottage rental. 🙂
5. Retirement TFSA/RSP  $105.53/month. Done.
6. Vehicle fund $17.33/month. Done.
7. Future House  $41.66/month. Done.
8. Travel expense 2015 $1,500 jan – oct, after that is work depending. Haven’t done anything with this yet.
9. Last but not least a networth of $72,000. In progress

My emergency fund and networth progress are looking like I’ll have a great year, providing I bank the extra money I earn with my summer job and don’t spend it all on who knows what. I haven’t always been good at that. I anticipate to earn more from my summerjob(s) this year than in previous years, perhaps $2,800 – $3,000. If I keep up my savings and don’t touch a penny of my other earnings, by the start of September I should hit that $10k. In February I saved 54.5% of my income, that’s not really a sustainable rate but I am aiming for saving 38-40% of my income going forward from now until… eternity.

DSC_2349

Travel

I didn’t go anywhere yet this year, sadness. I wasn’t planning to but hay, you never know! I am trying to convince the boyfriend to come to Cuba with me on a last minute deal, but he’s resisting, I just keep dreaming, I’m sure I’ll end up going to places I’ve never been this year. 🙂

10. Visit Cape Breton. Haven’t done anything with this yet.
12. Go to East to West music festival in Moncton, NB  Festival was cancelled 🙁
13. Go camping in the Magdalen Island for a week. Haven’t done anything with this yet.

I do have an airbnb credit and a best western free night to use up, and a bit of points on my AMEX. I’m hoping to apply for a new creditcard this year to get a few points to put towards another big trip in the fall.

2015-02-11 11.06.08

Lifestyle

Well, I was sick for more than half the month, I didnt get to the gym once, or the pool… I didn’t put full effort in at being active when I could be, February was just a writeoff in that regard. My routine is going well but overall this category ended up kinda meh.

14. Get up at 08:00/08:30 five days per week. Done.
15. Lose 30 for 30. Fail.
16. Track food and  journal exercise daily. Done.
17. Go swimming once a week (incl. in gym membership). Fail.
18. Complete c25k a second time by April 30, 2015. Haven’t done anything with this yet.
19. Start weighing in weekly by June 30, 2015. Haven’t done anything with this yet.
20. Average steps per day 8,500. Fail. I think I’m hovering around 7,500. The fitbit website keeps failing me the last few days. I was sick the first two solid weeks of February, I petered on about another week and this past week has really been the best week yet. I still have a rumbly cough. I ended up on antibiotics. Whatever I had was not fun!
21. Read more: read 30 books this year. In progress. 
22. Wear out shoes, don’t buy more, reduce total amount of shoes owed. In progress. Can I go the summer without buying any new footstuff?
23. Complete the #100happydays challenge. In progress.
24. Finish two bible studies. In progress.
25. Keep track of these goals weekly here. Done.

For March I would really like to decrease my restaurant and grocery budget even more. I spent $66 in restaurants, 4 x breakfast at Tim’s, one dinner with a friend and one lunch at work when I got stormstayed. It should be fairly easy to cut this down even more. My grocery budget also peaked at $312 and besides increasing grocery prices I really can’t think of what the heck I spent so much on! 

And, whambamthankyoumam, that was it for February. I better get on with my taxes.

30 by 30, 25 Goals for 2015

Another year, a fresh slate to work with. Feels nice doesn’t it? I haven’t sat down and made goals as I have in the following post since 2012 and years previous when I was working hard to pay down debt and save. My goals for 2013 and 2014 were much freer. I saved a lot less though so it’s time to set some solid goals again.

So I turn 30 this year. Kind of scary. My life looks quite different from what I had imagined ten years ago, a lot of good, some bad. Just can’t believe I made it here, I’ve done so much and seen so much. I move onward with excitement to see what I can do in the new year.

keep-calm-and-set-a-goal
Financial

 My projected income is roughly $27,500 net. That gives me roughly $2,250 to budget per month. My savings goals below total $10,333.46, $861.12 per month. That’s 38% of my income.

There are a few changes I want to make in 2015 and I have things to prepare for.  My work contract is up for renewal for the start of November. I think I’ve done well and hope to be renewed, but it’s not certain so I want to prepare as best as I can and get that emergency fund maxed to $10k this year. If my house sells I’ll use the money from that to max out my emergency fund first, and spread the rest over my other savings goals. ($5k to vehicle fund. $500 to planned travel. $500 to future travel. All remaining  to Future House savings) If my house does sell I’ll still want to contribute the same amount of savings this year to put towards a future house, so regardless I need to save $571.59 per month whether it ends up in my emergency fund or my future house fund. I also need to stop using overdraft, and start living on last periods cheque. I’m constantly overdrawn, interest free, and it just doesn’t feel nice. I need to save towards a future car, I made a small increase to my retirement savings and am continuing to save small amounts for travel… and there’s not much left after that. So here we go, goals!

1. Stop using overdraft, live on last periods pay. Reach by end of February.
2. Save and splurge on a nice new purse in the spring, Michael Kors Dillon?
3. Sell my house. Take the money and run.
4. Max emergency fund to $10,000. Save $571.59/month. (or: future house)
5. Retirement TFSA/RSP combined* goal +$1,266.38; $4,500
6. Vehicle fund goal 2015 $208
7. Future House 2015 $500
8. Travel expense 2015 $1,500 jan – oct, after that is work depending
9. Last but not least a networth of $72,000. An increase of the amount I plan to save and any small gains in interest/value. 🙂

*I just added a TFSA today with a $100 starting balance, the TFSA and RSP mututal funds I contribute to are both for retirement purposes and the amount covers both accounts.

Travel

Due to my work contract uncertainty I haven’t booked or set any lofty travel goals and honestly I really can’t…. I don’t have the income and if I lose income my main priority is being able to live. Responsibility kind of sucks? Haha 😀 So, since no big fancy international trips are in order at least until the end of October, I can plan a few shorter and closer trips, or a last minute trip on the cheap somewhere sunny. I’ve always wanted to visit Cape Breton for example, and I want to go to East to West and back to the Magdalen Islands, I want to go camping and I’d love to go with R. I’ll have to see if he’s up for it if things continue to go well. 🙂

DSCN0093

I’m examining things and thinking hard, I think

10. Visit Cape Breton
12. Go to East to West music festival in Moncton, NB
13. Go camping in the Magdalen Island for a week

Lifestyle

I have struggled maintaining a healthy weight since I started going to college when I was about 17. I’ve never been seriously obese, more like… love-handle and extra jiggle territory. It’s been a topic on my blog before. There seem to be some hereditary factors in my being more prone to becoming overweight (which account for maybe ten pounds orso) but the two primary factors in why I gain weight are first eating more than I should. I was always taught to finish my plate, I am pragmatic and don’t like waste.  I tend to overeat because I finish my plate regardless of hunger. I don’t even think about this and it took me a while to realize this. And second,  I tend to overeat when I am emotional. Which is bad. I don’t eat unhealthy. but a few extra calories here and there add up faster than you imagine.

nommnom

nommnom

 I am generally active, I go to the gym averaging a few times a month, my job requires me to be on my feet. I’m not a couch potato.  I’ve had a Fitbit Flex since May 2013 and in 2015 I’m going back to tracking my food, in my journal, pen and paper to get a better grip on my eating habits and to make permanent changes so I don’t become my mother. Not a diet, permanent. No food rewards. I want to be fitter, stronger and have more stamina and less jiggles. I want to bike and run and fit my clothes well. I also want to create more routine in my life. I struggle with mornings and keep myself up in the evenings, which means I lose so much daylight by sleeping in and sometimes by the time I’m ready and still energetic enough to go to the gym or go swim… I can’t because it’s closed because my rhythm is screwed up. Time to get more stuff done, efficiency, effective. Bam.

14. Get up at 08:00/08:30 five days per week
15. Lose 30 for 30.
16. Track food and  journal exercise daily
17. Go swimming once a week (incl. in gym membership)
18. Complete c25k a second time by April 30, 2015
19. Start weighing in weekly by June 30, 2015.
20. Average steps per day 8,500
21. Read more: read 30 books this year
22. Wear out shoes, don’t buy more, reduce total amount of shoes owed.
23. Complete the #100happydays challenge
24. Finish two bible studies
25. Keep track of these goals weekly here

And that about sums it up. What’s your goals this year?

Related Posts Plugin for WordPress, Blogger...
Older posts

© 2017 Nickel by Nickel

Theme by Anders NorenUp ↑