TGIF! Thoughts for the Weekend
Next week, I’m going to hit the $20,000 mark of my debt repayment progress. With a little more than $8,000 to go, I can not only see the finish line, I can see what will come after it. Entire paycheques will be mine. I can save even more for my future. And, heck, maybe I can travel a little bit too. (Hawaii, anyone!?)
When I started this blog, my original debt-free date was April 30, 2014. My new goal is to be debt-free by June 8, 2013 – two years from the date I was maxed out. To make that happen, I’m going to have to challenge myself to cut back on my spending again. By how much? Well, this week was a real eye-opener for me. I stopped ignoring the fact that my impulse buys were starting to happen more regularly and focused on the fact that it’s slowing down my debt repayment progress. It’s time to make a new plan (stay tuned for that next week).
This weekend, I’m going to sit down and crunch some major numbers. First, I’m going to write a monthly budget for every month from November to June. Then I’m going to calculate how much of my take home income could go towards debt, factor in my 2012 tax return and move whatever numbers around that I have to, to reach my goal. Do I sound like a crazy person yet? Good. Because if I’ve learned anything since starting this blog, it’s that setting SMART goals + tracking your progress = the best way to make a dream a reality.
Doing these two things has helped me accomplish a number of other goals this year:
- I finished my degree (and with a few days to spare)
- I fundraised my goal amount for a dream opportunity
- I lost 20 lbs. (so far) with #pfworkout
- I moved across the country in 20 days
- I gave up what was “safe” and went after what I wanted
For the next two days, I’m going to try to stay motivated by all of this, while making a plan for the next 7.5 months. If you have any tips and tricks to share, I’d love to hear some of the accomplishments you’re most proud of and what it took for you to make them happen! I am constantly inspired by people who have paid off their debt and/or reached their Emergency Fund savings goals. Or, if it’s easier, you can just tell me all of the fun things you’ll be doing, while I’m plotting…
Happy weekend, xo