It’s hard to believe it’s 2020. As I said to someone last night, doesn’t it feel like we were just waiting up for the new millennium?! Obviously I’m dating myself, but seriously, how is it even possible how quickly time goes?
I hope that you have a happy, healthy and prosperous New Year, my dear friends. You deserve it.
As you know, I’m not much on New Year’s resolutions and setting myself up for failure but all the way back on January 1, 2019 I did set up some goals for 2019. And I’m here to report, things did not go well.
To make myself feel better about my failure, I’m just going to drop this fun little fact - only 8% of people achieve their New Year’s goals. That’s crazy isn’t it?! 8 out of 100 people actually follow through. Here’s to being one of the eight this year!
Alright, it’s time to see what went wrong.
Just a quick reminder, my 2019 goals were:
1) Pay off any renovation related debt. Oops. Failed horribly on this one. It’s atrocious but with setbacks I’m farther in the hole than I was last year.
2) Accumulate savings of $3,000. Well, I did better on this one but I still fell short. I only managed to get my savings up to $2,550.
3) Pay off the smaller of my two student loans. Yeah, you can laugh right along with me here - not only did I not pay off any student loans, I added another. Oh, sometimes life just has a way of taking you down a peg doesn’t it? Even worse, I’m planning on needing one more student loan this upcoming semester. But then I should be good and my focus will be on getting them paid off. Student loans will soon be a thing of the past for me.
Ok, so now, it’s time for my 2020 goals. I’m trying to find a balance between pushing myself to achieve great things and setting realistic goals.
Here’s my final list:
1) Get renovation related debt below $5,000. Right now I’m at about $12,000 so this is definitely a lofty goal but I want to push myself on this one and start really wiping out debt.
2) Accumulate savings of $3,000. So what this didn’t happen in 2019? It’s a worthwhile goal and something I should be pushing for. Once I get over my $3,000 hurdle I’d like to start plugging more money into savings until I have a six month emergency fund.
3) Pay off that pesky smaller student loan. Like my savings goal, I’m recycling my student loan goal from 2019. Hopefully once the smaller loan is paid off I can go onto the next smallest and make some real progress towards my debt payoff.
4) Get my total debt balances below $160,000. Right now my grand total of debt is over $175,000 so this certainly won’t be easy. Like my first goal I think I might be setting some lofty expectations but like I’ve said before, I’d like to push myself and start making a dent in this debt.
What are your resolutions for 2020? How did you make out with your resolutions from 2019? Are you one of the 8%? If you were, you have to fill me in on your secrets to success!
Happy New Year!!
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