Every year around this time people declare they need to change. This past year they've done to much of X and resolve to do more of Y. For most people these are goals to work towards, or habits they wish to change, or even new rules for the way they wish to run their lives.
In the end though, these resolutions end up as empty words. I know many have for me. And the reason that these resolutions end up falling by the wayside is that for me they are simply something we do at this time of year. There's no urgency, there's no real desire, there's no gameplan. You've heard it said that the road to hell is paved with good intentions, and well that's what's going on here. For years I've said I'm going to workout more or I'm going to spend more time doing this or that while spending less time doing that or this.
So this year I'm not making resolutions. I'm sick and tired of saying one thing and then doing another. More importantly I'm sick and tired of failing at my "resolutions." An idea without a plan of action is just an idea, but an idea with a plan of action becomes a goal which becomes inspiration.
1) Pay off Debt!
This is pretty obvious. I mentioned in my last post that we're on pace to pay off 6 loans this year, which is wonderful, but those 6 require tight spending and sticking to The Plan. To that I'm going to stick to the following gameplan:
2) No Uneccesary House Improvements
This doesn't really need detailed steps. The fact is that both of us tend to spend money on things for the house, most of which is usually not needed. So unless we need to replace a window, or like I said above, the fridge, we don't spend the money. Easier said than done, but if we're committed we can make it happen. This is the one I'm the worst at. The other day I bought a new wireless router and modem (without consulting or informing Kristi) and it led to a fight because I tried to hide the purhase, and when confronted I lied about. This is a big problem for me and something I need to work on.
In the end though, these resolutions end up as empty words. I know many have for me. And the reason that these resolutions end up falling by the wayside is that for me they are simply something we do at this time of year. There's no urgency, there's no real desire, there's no gameplan. You've heard it said that the road to hell is paved with good intentions, and well that's what's going on here. For years I've said I'm going to workout more or I'm going to spend more time doing this or that while spending less time doing that or this.
So this year I'm not making resolutions. I'm sick and tired of saying one thing and then doing another. More importantly I'm sick and tired of failing at my "resolutions." An idea without a plan of action is just an idea, but an idea with a plan of action becomes a goal which becomes inspiration.
1) Pay off Debt!
This is pretty obvious. I mentioned in my last post that we're on pace to pay off 6 loans this year, which is wonderful, but those 6 require tight spending and sticking to The Plan. To that I'm going to stick to the following gameplan:
- No fast food. This will shore up a major area where we overspend on our budget: Recreation - which covers eating out and activities like movies. I'm hopeful we can cut this budget down by 25% this year by simply not spending money on fast food.
- No purchases outside the budget: Over the course of the last 6 months we've spent money that we didn't need to on various items for the house, for ourselves, for whatever. The fact is that we could have been much better with our budget and purchases. This year we'll include large purchases in the budget from the outset so we've planned for every dollar. As a quick example we need to replace our refridgerator (or get it repaired). We can add this to a budget and know exactly where the money is coming from.
- Weekly Budget Checkups: We've also noticed that we're not as diligent at recording our expenses as we could be. This means that we often find we've spent more money than we have accounted for or that we have more money than our budget says we should. I believe if we talk about it and do a weekly count we'll be able stick to our budget better. We also need to be more diligent about entering transactions into our budget app, EEBA.
2) No Uneccesary House Improvements
This doesn't really need detailed steps. The fact is that both of us tend to spend money on things for the house, most of which is usually not needed. So unless we need to replace a window, or like I said above, the fridge, we don't spend the money. Easier said than done, but if we're committed we can make it happen. This is the one I'm the worst at. The other day I bought a new wireless router and modem (without consulting or informing Kristi) and it led to a fight because I tried to hide the purhase, and when confronted I lied about. This is a big problem for me and something I need to work on.
2) Purchase Discussions
The aforementioned fight notwithstanding, this is something that I need to work on. Kristi is the natural saver and I'm the natural spender, which can cause some friction if we're not clear with each other. The fact is that I need to be more open about how I want to spend our budgeted money. The gameplan for this is simple: talk about our money before it gets spent and make sure we're each on board.
That's about it for the money gameplans. I'm thinking about my personal resolutions/gameplans still, and when I've settled on them I'll post them here.
