New to BFS?

If you are new to Budgeting in the Fun Stuff (BFS), please click here. It'll give you a little background and a starting point for browsing BFS. See you in the comments soon!

As Seen On

Forbes

Yahoo
DailyFinance

Get Rich Slowly

Free Money Finance

House Logic

Check Out My eBooks!!!

How I Make Money Blogging Managing Your Monthly Nut

Categories

New Year’s Resolutions 2013 – 5 Months Down, 7 to Go…

With January through May of 2013 wrapped up, I thought I should probably check in on my New Year’s resolutions again so I will stay on track. So let’s see how we’ve done so far…

New Year’s Resolutions 2013

Here were the goals I set out at the end of 2012 for the new year:

  1. Pay off the rent house by December 31, 2013. It had about $23,500 to go.
  2. Max out both Roth IRA’s for 2012 by April 2013 (needed $8000).
  3. Max out both Roth IRA’s for 2013 by December 31, 2013 (needed $11,000).
  4. Budget appropriately for at least 3 vacations – a one week summer vacation, the Financial Blogger Conference again, and the Board Game Geek Board Gaming Conference again.
  5. Continue staying active. My specific goal here is to get off my butt at least 3 times a week for at least 30 minutes all year long. Since I don’t want to be able to fail by just having a bad week, I have decided that this means that I need to exercise a minimum of 12 times per month to stay on track (144 times or more over all of 2013).

Update as of June 1, 2013

Here is where I stand so far:

  1. We paid off the rent house, yay!
  2. We maxed out both Roth IRA’s for 2012 earlier this year, woot!
  3. We have about $7000 set aside for maxing out both Roth IRA’s for 2013.  Aiming to have it done by October still.
  4. Budget appropriately for at least 3 vacations – We added a 5 day cruise to the list that we just paid $560 total for the two of us for that will be in early September.  Other than that, I also am helping to organize the Financial Blogger Bootcamp this year, so my cost for that trip won’t include entrance tickets or the hotel room, so I just needed to book my $350 flight and take enough money for food and transportation.  I think we’ll need about $2000 total in our vacation account to cover all of our trips this year and we have about $1000 so far…
  5. Continue staying active. My specific goal here is to get off my butt at least 144 times or more over all of 2013. I did 7 in January, 14 in February, 3 in March, 4 times in April, and 20 times in May (best so far, yay!). That’s 48 times so far, so I am still behind but catching up. There are about 212 days left, so I just need to fit in about 14 times every months to catch up.  :-)

Mixed Results

Okay, so that means that I’ve still only completed 2 of 5 of our resolutions so far, and I am more than half of the way there for 2 of the other goals.  Plus, I have started picking up momentum on exercising, so yay!!!

Our plan is to continue funneling the majority of our extra monthly money from rent and great months towards the Roth IRA’s and a little to the vacation account until both of those goals are completed.  I also will keep pushing myself to exercise daily or as close to daily as I can get.  :-)

How are you doing so far with your New Year’s resolutions?

Be Sociable, Share!

15 comments to New Year’s Resolutions 2013 – 5 Months Down, 7 to Go…

  • That’s awesome. You’re doing really great with fulfilling your New Year’s resolutions. I forgot what mine’s are. Just keep doing whatever you’re doing and you will complete them all.

  • Resolutions? I forgot what mine were exactly. Think I am doing well this year though. I am picking a pound of tomatoes every week for last 2-3 weeks. Today I found another pound in there. Squash are now getting a good size. Saw some cucumbers. Hoping to increase the garden by going up, so we have cantaloupe going up a trellis. Okra still look sad. We replaced a 20+ year old mailbox and surrounded it with flowers, that looks pretty good too.
    I get out about an hour a day. Slowly organizing, can now see my dining table! Haven’t had much luck with some of my other projects. Neighbor problems have forced some projects to be pushed up the priority list, but all in all this year is shaping up much better than last. Just wish it would not go by so fast.
    WTG Crystal! Hope you meet all of your goals and then some!

  • As usual you two are doing an excellent job! You paid off that mortgage a lot quicker then planned! So far I am on track. We brought our home, planned a few vacations and I started my blog. Now its on to making this online income increase or should I say have the online income start.

  • Way to go on the May activity. It`s nice seeing you hitting the monthly part of that goal. I`m still floored by your savings abilities.

  • That’s awesome progress on your goals!

  • You are well on your way to getting your goals completed with plenty of 2013 to go.

  • Wonderful accomplishment with paying off the rent house! Must be nice to see the revenue not be allocated immediately to another mortgage.

  • I don’t even remember what mine are :) You have made great progress. I will have to make up new goals for the rest of the year as so much has changed since January 1st.

  • My big goal this year was to pay off student loans and we did that in April. If I don’t make too many, I’m less likely to fail. Great work on getting some of yours out of the way.

  • I think you’re doing a great job! My goals are shattered right now til life gets back in place but moving forward I’ll probably have to amend/re-post some new ones. Keep going strong! :)

  • Personally, I would have set a higher priority for investing than paying off the rental. The ROI in the stock market has been over 10% and the mortgage interest rate is much lower.

  • @KC, thank you!

    @retired, way to go with the successful harvests! And thank you. :-)

    @Thomas, thanks! You will probably be receiving your first ad inquiries about 3 months after starting if you post regularly and your stats increase. It was 2-3 months for me since it took that long to get a Page Rank and Domain Authority. Good luck!

    @Sheryl, the rental income really helps. Thanks for reading!

    @Savvy, thanks!

    @Sean, thank you!

    @Mike, it is, lol. :-)

    @Suba, with how crazy your year has been, it’s amazing you remember anything, lol. Good luck!

    @Kim, congrats!!!

    @The Happy Homeowner, yeah, when life pops you in the face, amending your plans is normal. Good luck, chica.

    @krantcents, we invest in the market too. But when both breadwinners of a household are self-employed, lowering monthly obligations becomes even more important than usual.

  • Congrats on staying on track for your goals for the year! It can be difficult to keep up new habits, but you seem to be doing well so far!

  • @Kyle, I’ll be on this like white on rice until at least early August…then we’ll see. I do everything really well in 3 month spurts…

  • April 17? I think you forgot to change a headline?