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2014 New Year’s Resolutions – 2 Month Update

With nearly two months down and just ten to go, I figured it is time for my first New Year’s resolutions update of 2014.

New Year’s Resolutions 2014 and Updates

Our goals for 2014 are very money-oriented, and it hasn’t been a banner year so far…just average.  Don’t be too surprised if this doesn’t seem like the most inspiring post ever.  That said, I’m really happy about what we’ve accomplished so far.

1.  Max out both Roth IRA’s for 2014. That’s $11,000 overall.

As of this morning, we have $2245 set aside.  That means that we are slightly better than on track.  I consider that a win for now.  :-D  We’ll keep setting aside 80% of our monthly extra towards this until it hits the magic $11k number.

2.  Get the car fund up to at least $10,000 by the end of the year. It was at $3000 at the end of 2013.

Well now it’s at $4400.  Again, it seems that we are on track.  Yay!  We’ll keep throwing $500 a month at this and polish it off towards the end of the year.

3.  Invest or set aside at least $1,000 a month ($12,000 over the year) for a combo of a SEP IRA, rental property, or a child fund.  This is on top of our normal budget.

Yeah…we haven’t put even a penny towards this extra $12,000 yet.  Our extra has been put towards the other two goals so far.  When we reach those, hopefully this one will be way easier to catch up on.

4.  Budget appropriately for at least 3 vacations – a cruise in January, a summer vacation of some sort probably in July, and the Board Game Geek Board Gaming Conference in November…those will be our minimums. We’re probably looking at about $4000.

We successfully budgeted the money for the January cruise, went on a great trip, and have $175 saved so far for the next one.  I think this is not the goal we need to concentrate on since somehow, we always find the money for planned trips.  This one may just take care of itself.  :-)

How are you doing with your New Year’s resolutions?  Still on them?

New Year's Resolutions

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4 comments to 2014 New Year’s Resolutions – 2 Month Update

  • Behind on my debt repayment plan and fed up with this endless cold winter is my update.

    Very happy that it has warmed up to -13 Celsius but disappointed in how my financial year is going so far. A total ban on overtime at work isn’t helping things.

  • @jane savers, I remember when they banned us from overtime in my last job. I took a significant hit. Sorry.

  • Hi Crystal, I’ve been reading a few of your posts and find them entertaining. We’ve been trying to save more money lately. I’ve been self-employed since 2009 and have a market research/strategy firm. We live in Vancouver, Canada. I’m in the process of re-doing my website and then am hoping to re-launch a blog I had too. Hopefully we can chat – I think you share some interesting stories about being self-employed & just trying to work in some fun into saving, budgeting. Thanks :)

  • @Miriam, thanks for visiting. Email me anytime. :-)