So far, so good is all I can say at this point. My quarterly increments are working out quite well, even though I’m a bit behind on the savings portion of this quarter’s plan. My goals this quarter included:
- Paying off tax debt of over $1,950 – DONE!
- Increasing my mutual fund deposit by $250 – Rerouted – instead this amount is being applied towards another investment vehicle – a stock.
- Deposit extra income into mutual fund – Rerouted – any extra income is going towards the stock where we’re earning a much heftier percentage than the mutual fund.
- Continue the additional $200 a month savings contribution – FAIL. I’ve fallen two months behind on this particular goal, but I think part of this is because I’m pushing all extra monies into the stock.
This past summer I also started a side venture that’s making me a little extra income every month. I’m selling products on Teachers Pay Teachers. It wasn’t originally part of my quarterly goals, but now I’ll be adding it to the final quarter’s goals (which still gives me until the end of this month to come up with a realistic earned monthly amount). That additional income is being deposited towards a stock that we’ve invested in this quarter (another one that wasn’t on the list!) But that’s the nice thing about quarterly goals, I can swap them around if I need to without feeling guilty. Circumstances change and instead of rigidly sticking to “annual” goals that I could never meet, I instead have the flexibility to make changes.
Next quarter is just around the corner, and though many of these things will remain the same (especially invest and save), a few new ones will be added.
How are your goals coming along?