That check seriously brought me closer to completing one of my goals for the year.
My New Years Resolutions for 2014 are:
+ Read 36 books in 2014
I am way ahead of schedule for my reading goal! Which is extremely exciting. I actually have an update coming soon.
+ Blog at least once a week
I was so close to failing this. I have been great in the month of February but in January... ughh... I almost missed a week by a day. Here's to keeping up with my blogging. At least I am blogging ONLY when I feel like it. I promise I won't make this blog a CHORE!
...and I am not one to prepare posts in advance unless I am out of town.
+ Make sure to do NaBloPoMo
Bah... I cannot worry about this until November :) so I can procrastinate in a sense.
+ Keep in touch with family.
This is the only thing that I have been sucking at. Get it together Lourdes. I have to come up with a better game plan!
+ Pay off credit cards
(This one will be long! You can skip if you want...just click
This is a biggie for me. Yet it's the hardest for me to talk about.
I have been obsessed with doing this since last year. Last year I made some strides towards being credit card debt free. I have been budgeting heavily and even have several spreadsheets where I budget my paycheck and monitor my credit card spending.
At the end of last year, I had two credit cards. I was not the most responsible credit card owner in college. I always made my payments, but I had the mentality of "I will pay it back in full later". I was stupid. Not paying attention to interest rates and letting my cards get to the max.
I got my first credit card from Bank of America when I was 18. I started off being extremely responsible. My parents taught me how to use it. But that lasted for 6 months? Maybe 7. During grad school I got a CASH BACK card from Chase. I loved that card. Why not make money while spending? Great idea if I would have used it correctly.
Anyways... that leads me to mid year 2013. I hated looking at my credit card statements and I knew I had to make a plan to get rid of it. My first decision? Stop using my BOA card. It did not have rewards and I should make the most of my Chase card. So, I stopped using the BOA card. I only made payments towards it.
I started using my Chase card for EVERYTHING. I mean, I had my paycheck divied up into categories on my spreadsheet and I was going to use my debit card anyways. Why not use my Chase card for the rewards and pay each use off RIGHT AWAY! Thus, I was still budgeting (because everytime I used my card I recorded it on my spreadsheet. Tedious... I know. But it works!) I was also making huge payments every paycheck to pay off that card. Once I paid off Chase I would allot the same amount from each paycheck towards BOA.
It took me a few months but Chase was paid off in January of this year! It feels great.
Now I had to tackle the BOA card. Since I work in the financial/ banking industry, I decided to get a rewards card from Wells Fargo and transfer my balance. I did this because I could pay a small fee for the balance transfer and I got 0% interest on my balance transfer for 12 months. THUS I would pay no interest on the balance if I pay my balance off in a year. PLUS I got rewards.
SO, I can say I have paid off one card (Chase) and I am not going to use it. Same for the BOA card. No more using these cards. They are sitting in a safe place for emergencies.
I have 4 more months of payments for my Wells Fargo card and I will have achieved my goal. I ahve everything budgeted out in my spreadsheet! :)
Pheww... that was freaking long.
So, you see... my spreadsheet has been so helpful with my budgeting. It has even helped me to put money into my savings.
After January, I started to realize how much emphasis I was putting on increasing my savings.I have always wanted to have enough in savings to live on for 6 months just in case Colon or I are ever in the unfortunate situation of unemployment.
So, I have decided to add one more resolution/ goal.
+ Increase savings account balance by $2000.
It's not much but it's a start!
...and it's going to happen!
What do you think?
How are your resolutions panning out?
Sorry I wrote so much.
Also, You can see my resolutions on 43 Things!