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Mid-Year New Year’s Resolutions 2011 Update

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More than half the year has gone by, so I think it’s time to check-in on my New Year’s Resolutions for 2011: 1.  Lose 20 pounds by the end of the year – I am aiming to weigh 150 pounds by December 31st. I am down 30 pounds so far thanks to Weight Watchers Online and am weighing in at 146!  I am now aiming for 140 by December 31st. 2.  Volunteer for a charity at least twice a month – I seemed to have replaced charity time with blogging in 2010, oops. I have not started this yet but am still aiming to hit this goal.  My plan is to deliver lunches for Meals on Wheels at least once a week when I quit my day job, which looks to be around September. 3.  Build up the emergency fund to at least $15,000 – right now it is at about $8200. It is at $12,050 right now, so we are on target.  We are trying to contribute at least $500 or more every month. 4.  Max-out 2 Roth IRA’s for 2011. We have maxed out one already and are on target to max out the second one if we continue to … Read more

First Quarter 2011 Goals Update

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A third of the year has come and gone, so I’d thought I’d check in on the progress of my 2011 goals thus far.  Here is what I wrote at the end of last year about my goals for 2011: Here are my 2011 Resolutions: 1.  Lose 20 pounds by the end of the year – I am aiming to weigh 150 pounds by December 31st. 2.  Volunteer for a charity at least twice a month – I seemed to have replaced charity time with blogging in 2010, oops. 3.  Build up the emergency fund to at least $15,000 – right now it is at about $8200. 4.  Max-out 2 Roth IRA’s for 2011. 5.  Pay off at least $8,000 of our mortgage principal – that means it needs to be at $60,000 or less by the end of the year.  6.  Make AT LEAST $15,000 through blogging – my true target is $25,000. Here is My First Quarter 2011 Goal Update: 1.  I weighed in for Weight Watchers Online on January 4th, 2011 at 176 pounds.  That means I actually had 26 pounds to lose by the end of this year.  I currently weigh in at 156 pounds, so I only have … Read more

20 Financial Milestones for your 20s

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Alright millennials - how do you stack up versus me? What quiz score do you get on these 20 financial milestones for your 20s? I did not bad, but there's still room for improvement. Managing money well in your 20s makes a HUGE difference later on in life. These money milestones are key.

I saw Thousandaire’s 20 Financial Milestones for your 20s that all started at Gen Y Wealth and couldn’t resist. Here’s how I stack up at age 28: #1 – Finance a dream vacation…in cash Mr. BFS and I take at least one big trip every year and always pay for it in cash.  Last summer we took our second cruise (we went snorkeling in Jamaica and Grand Cayman and loved the lazy rivers in Mexico).  This coming summer we’re heading back to Las Vegas for a week.  These may not sound like “dream vacations” to everyone, but I’ve already lived in other countries and Mr. BFS is a homebody, so these are our dreams, lol. #2 – Pay off your student loans We didn’t have any college loans.  My husband’s parents covered his education and my parents covered whatever my scholarships and 3 part-time jobs didn’t.  I also lived cheaply in college overall.  We were/are blessed.  We know.  🙂 #3 – Automate paying your credit card bill in full We automate as much as possible in every aspect of our financial lives, lol.  We got this covered. #4 – Get Rid of Bad Debt  The only debt we have left is our … Read more

New Year’s Resolutions – Brought to You By the Letter “S”

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Sandy at First Gen American has once again challenged her fellow bloggers to write something odd, lol, with her Writing Experiments series.  Today’s challenge is to post specific New Year’s Resolutions about gaining time or income using 5 “S” words as the main points.  I posted my 2011 Resolutions already, but here I go again with Sandy’s challenge in mind: 1.  Stockpile Blogging Income. My realistic goal is to make $15,000 in 2011 through blogging.  I am setting the bar higher by aiming for $25,000.  I’m going to push this along by improving my stats as much as possible. 2.  Squirrel Away Cash for TWO Roth IRA’s. We want to fully fund two Roth IRA’s in 2011, so we will need to put aside $10,000.  Most of this will be from our hobby jobs of blogging (me) and reffing (hubby). 3.  Shrink the Mortgage. We want to reduce our mortgage principal from $68,000 to less than $60,000 by the end of the year.  That means we will need at least $667 to go towards principal a month…this is a lot when you take into account that our normal payment is “only” $740. 4.  Step-Up the Emergency Fund. We will grow the emergency fund from $8500 … Read more

New Year’s Resolutions for 2011 and 2010 Results

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You can also check out my staff writer post at Sweating the Big Stuff today, Preparing for Early Retirement.  🙂 Here were my resolutions for 2010 and my results: 1. Eat out no more than 3 times a week.  CHECK 2. Visit my remaining high school friends as I promised.  CHECK 3. Lose 20 pounds by our annual vacation.  UMMM…NOPE.  But I did lose 15 pounds by the end of 2010. 4. Learn a song well enough for karaoke.  CHECK Although I did not actually get to sing it because it wasn’t in their list of options.  I learned “Something in Red” by Lorrie Morgan. 5. Max-out two Roth IRA’s instead of just one.  STILL WORKING.  We have until April to open and fund another 2010 Roth IRA.  We currently have $1500 set aside.  We would have completed this already but we decided to pay off my husband’s car loan 3 years early last year instead.  🙂 Here are my 2011 Resolutions: 1.  Lose 20 pounds by the end of the year – I am aiming to weigh 150 pounds by December 31st. 2.  Volunteer for a charity at least twice a month – I seemed to have replaced charity time with blogging in … Read more

New Year’s Day Goals Update

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During the Yakezie Alexa Ranking Challenge, you helped BFS soar from an Alexa ranking of more than 8 million in March 2010 to 49,852 on October 31, 2010. Thank you!!! After posting my first ever Blog Statistics and Income Update, it was obvious that we needed some new goals, lol. It’s also obvious that everyone else is as nosey as me and enjoys a peek into another person’s stats, hahaha. Goals for New Year’s Day Here is what we are shooting for by New Year’s Day – January 1st, 2011: Alexa – Maintain a Ranking at or around 50,000 Visits – 35,000 Feedburner Subscribers – 300 Twitter Followers – 200 Update Here is where we are at today: Alexa – 50,275 (On Target-ish) Visits – 25,774 (9226 To Go) Feedburner Subscribers – 195 (105 To Go) Twitter Followers – 182 (18 To Go) We are well on our way! I’ll be posting these updates every week and hopefully we’ll blow the targets out of the water just like we did with every other goal we have set since March! I will also continue posting monthly and yearly blog statistics and income updates from here on out, so stay tuned to BFS, … Read more

Goals Update – New Goals for New Year’s Day!

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During the Yakezie Alexa Ranking Challenge, you helped BFS soar from an Alexa ranking of more than 8 million in March 2010 to 49,852 on October 31, 2010.  Thank you!!! After posting my first ever Blog Statistics and Income Update, it is obvious that we need some new goals, lol.  It’s also obvious that everyone else is as nosey as me and enjoys a peek into another person’s stats, hahaha. Goals for New Year’s Day So without further ado, here is what we are shooting for by New Year’s Day – January 1st, 2011: Alexa – Maintain a Ranking at or around 50,000 Visits – 35,000 Feedburner Subscribers – 300 Twitter Followers – 200 Update Here is where we are at today: Alexa – 49,844  (On Target) Visits – 24,100  (10,900 To Go) Feedburner Subscribers – 194  (106 To Go) Twitter Followers – 153  (47 To Go) We are well on our way!  I’ll be posting these updates every week and hopefully we’ll blow the targets out of the water just like we did with every other goal we have set since March! I will also continue posting monthly and yearly blog statistics and income updates from here on out, so stay … Read more