I’ve been a little behind on updating my 2011 goals lately. Let me just say, I didn’t hit the marks I had aimed for; those “pie in the sky” ones that I knew were a reach. However, it’s not a total wash. Let’s recap:
- Financial Goal: Save $9,000 this year. Result: Saved $3,600. Ouch.
- Budgeting Goal: use pre-paid, finite gift cards for everyday purchases and cash for the “extras”. Result: My Starbucks gift card idea worked out pretty well and kept me within a reasonable budget. Cash just didn’t work out so well for me and neither did a pre-paid gift card for the “extras.”
- Fitness Goal: Bike 1,000 miles this year. Result: I’m currently at 550 miles.
I noticed that one of the problems with my original goals were they weren’t very realistic. For example, I knew that from August to December, I wouldn’t be working due to finishing up my education. That alone took a big bite out of the savings goal for me. No income = no savings. I also based my fitness goal on the miles I rode the very first year I purchased my bike; I was excited to ride every where back then. Now, it’s still fun to ride to Starbucks and back, but I’m just not as motivated.
I was recently reading LaTisha’s post about SMART goals and realize that I need to incorporate some of this “SMARTness” into my goal setting for 2012. For example, I had a specific figure for my savings goal, but it wasn’t attainable given the circumstances for this year. Same thing happened with my budget; I analyzed my Quickbooks reports and noticed that every month we were spending much more on food that what I had budgeted. I need to really use my Quickbooks to set a budget rather than pulling numbers from thin air. With 2012 nearing at an alarmingly fast pace, I need to reevaluate my goals and make sure they truly are SMART.
Have you analyzed your goals this year? Do you have a plan for 2012?