A.J. Shepherd

A.J. is a full-time graphic designer and wanna-be-out-of-debtor who shares money-saving ideas and tips on getting out of debt. In 2003, he found himself $40k in debt ($20k in credit cards alone) and rid himself of debt in five years. He and his friends have a website dedicated to personal finance and gaining financial independence at www.threethriftyguys.com. Read more about A.J. Shepherd.

How Are You Doing on Your Financial Goals?

Posted by: A.J. Shepherd under Personal finance, Saving money Updated: February 9, 2012 - 11:10 PM

(Or, I should ask - have you made any for the year?)

I'm not always the best when it comes to creating goals. I am more of a free-spirit when it comes to such things - I make a plan in my head and then loosely follow it. Not exactly a recipe for success, I know. But, I'm working on it.

Over at our personal finance site - we are running a year-long "Personal Finance Challenge" to help folks set up some goals for 2012 and see if they can knock off all 10 on the list by years end. I have to admit - this is more for me than our readers. :)

Here's what is on that list:

  1. Create a $1k Emergency Fund
  2. Get a Term Life Insurance Policy
  3. Cut Wasteful Spending
  4. Read a Book on Personal Finance
  5. Cut Your Debt by 5% or More (doesn't include mortgage - but can if you want)
  6. Tithe 5% or More of Your Income
  7. Start a Side Gig
  8. Start a File For Your 2012 Taxes
  9. Sell Your Crap
  10. Complete a DIY (Do-it-yourself) Project

So far this year, I've managed to cross-off several items and am working on a couple others. I'm actually enjoying having these goals in front of my face every day.

If you'd like to participate with us - all you have to do is sign-up at the Personal Finance Challenge page and then download the checklist there. For those who are partaking and complete the set goals for the year, we are doing a random drawing for $100 cash in early 2013. So, there is some more motivation for you.

Have you set any other financial goals for yourself this year?

 

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