Good morning and a happy Friday to one and all. It is time for me to lay out some goals for the month of July.
You know what I like about goals? That even as I get older, they stay the same age. Actually, it would probably be more accurate to say that as I get older, my goals grow with me.
And get older I did, this past month. Having just had a birthday, of course I can’t help but reflect a bit on what’s really important. Here’s one thought that’s been bouncing around my head quite a bit: I’ve noticed that when a lot of people talk frugality, they usually talk about how or what you should buy. Maybe sometimes, frugality should be about not buying things at all.
It’s an incomplete idea that I need to mediate on a bit, but let’s use that as a starting point for some goals.
Goal #1: Sell off some stuff
Man, there is a good amount of stuff just always around here. Maybe things would be simpler — and I’d have a bit more cash — if I just managed to sell off some of this stuff. $150 worth; let’s say that much.
Goal #2: Pay off 1% of my student loans
Man, a lot of the time, it feels like the one life goal I have is paying off this student loan debt. Sure, knocking my student loan debt down by 1% may not seem like much, but considering that I’ve got six figures worth and that they’re always accruing interest, knocking off 1% of the principal feels pretty challenging.
Goal #3: Lock down an investment plan
It’s been a while since I’ve audited my investment plan. I’ve been sending a lot of money that way over the last several months, and it only makes sense that I should make sure it’s going somewhere good.
Goal #4: Keep adding to my emergency fund by doing the 52-week savings challenge
I’m doing the 52-week savings challenge!
For the last 26 weeks, I’ve been adding an increasing amount to my savings account every Wednesday. It started with $1, then $2. In the last week of June, I deposited $26!
My goal for July is to keep on just keeping on, by putting $27, $28, $29, $30, and $31 into my savings account. That will bring me to a cool $496 added to my emergency fund for the year.
Goal #5: Update my renters insurance
It’s getting embarrassing that I haven’t taken recent pictures of what I’m insuring. Gotta do that this month for sure.
Oh, and those are my personal finance goals for the month. What are yours?