Good morning and happy Friday! After a January which saw a net worth increase of increase of $6,800, I was excited to set goals for February.
Then, as the month kicked off, a little bit of real life happened and the circumstances started setting February’s goals for me, but I like to think I’m still in control.
Here’s what I’m looking to accomplish.
February Goal #1: Fix my credit report
My goal is to fix, to the extent possible, a collections notice from an unknown source that appeared on at least one credit report.
I had a minor freakout on Monday when my credit score, as estimated by CreditKarma, dropped by about 25 points and an alert appeared that an account I didn’t recognize had gone into collections. To fix it, I’ll take these steps this month:
- Pull all three credit reports to see which ones contain the collections account
- Identify with whom the account is and request a validation letter
- Either settle the debt or dispute it
- Repeat, as necessary
I’m hoping I get some satisfaction out of this.
February Goal #2: File my income taxes
Many other personal finance tasks depend on me having finished putting together my taxes, so I’d like to get it done sooner or later.
Part of this is dependent on receiving one more form, but that company has historically sent this around the 20th of February, so this is totally achievable.
As it happens, I’m a big proponent of getting taxes done early.
February Goal #3: Identify volunteer opportunity
By the end of the month, I’d like to have identified specifically what task and potential organizations I’d like to help with.
In an earlier post, I mentioned that I want to get back into volunteering in 2014, and when this posts, I’ll be in the middle of the first of a few meetings with volunteer coordinators. I would love to find something that lets me best use my skills without costing me a lot of money.
February Goal #4: Convince one family member to join my T-mobile family
In February, I’d like to convince at least one sibling or parent to join my contract at T-mobile.
I made the switch to T-mobile from Verizon taking advantage of a pretty spectacular deal, which, on its own netted me some quick cash up front and big savings every month — all with no contract.
But the real savings with T-mobile comes from switching as a group. Verizon doesn’t give very much of a discount for each additional person you put on a contract, but with T-mobile, the marginal cost drops precipitously — it’s $50 for the first person, $30 for the second, and $10 for each additional person.
February Goal #5: Pay off $2,500 of student loan debt; continue the 52-week savings challenge (for my emergency fund); and add $1,500 to retirement accounts.
It’s a shorter month, so hitting my normal targets will be tougher than normal, but especially with paying off debt being a primary personal finance goal of mine, I need to stay aggressive.
And those are the goals. Feel free to follow along to cheer, criticize, and possibly be entertained. Thanks, as usual, for reading!