Goals

Goals

I don’t usually make concrete goals each month. I tend to make vague goals at the end of each of my debt updates. I want to try making more specific goals each month and then updating whether or not I met them and what steps I took to reach them.

• ·        Pay $1000 towards debt
• ·         Bring our car loan down to under $10000
• ·         Bring total consumer debt total to under $20000

I have a very specific goal I want to meet by the time of my next debt progress report: I want to have paid $1000 towards debt, not including stupid tax, er, interest.

I want $1000 to leave my bank account and go towards debt.

And I’m not sure how I’m going to do it.

We have only budgeted $775 to go towards debt and I don’t know how I’m going to come up with $225 extra dollars. I’m hoping that our paychecks are a little more than estimated and that maybe we over-budgeted in some categories and that that money can help us make up the deficit.

Another goal is to bring the amount we owe on our car down below $10000. Now, disclaimer, this should happen with our regular payments barring any catastrophic happenings.

Lastly, I want our total consumer debt to fall under $20000. It was a MAJOR stretch goal last month, and still a stretch this month, but it’s more doable. In order to make this goal, we will need to come up with an extra $400, above and beyond the extra $225 we are already searching for, during the month so I’m not sure how we are going to make this goal, but we are going to try.

It’s so tempting to use our sinking funds to throw towards debt, but I need to remember, that money is there for a reason and serves a very real purpose. It is those sinking funds that keep us from falling deeper into debt.