Give Me Back My Five Bucks

Q2 Review: 2011 Goals

The second quarter of 2011 is over, and that means 1/2 of 2011 has already passed us by. Crazy, eh?

Like I mentioned in my Q1 review, the goals I had made for myself in late 2010 have changed a lot now that I’ve become a homeowner, decided to get braces, and am now on my own. I’m continuing to work hard at my goals, and I think that reflects in the progress I’ve made so far. There’s still a lot to do, but I feel like I’m on track.

ON PACE! means that I’m on track to achieve the goal this year
PENDING means that I haven’t done anything with the goal yet / FAIL! means that I will 100% not achieve the goal
CHECK obviously means that I’ve already achieved the goal :)


  • $45,000 Retirement PortfolioFAIL! I withdrew $25,000 from my RRSPs, so my Retirement Portfolio sits at around $13,000 right now. My $300 bi-weekly contributions mean that I (obviously) won’t hit this $45,000 target.
  • $5,000 Emergency FundCHECK! I currently have $5,600+ in my EF, and growing it by $200 every month.
  • $1,000-3,000 Savings FundCHECK! The money in this account is always revolving, so I want to make sure I have some sort of cushion. I’ve had at least $1,000 in this account for most of the year so far. Right now I’m sitting at $2,000+ but I still have to pay my property tax (approx. $950).
  • Pay all travel expenses in cashON PACE! So far, I’ve paid for my trip to New Orleans, Toronto and New York City trips by saving up cash. Now I need to focus on saving for my trip to San Francisco in August, Chicago in the fall, and whatever other small trips get sprinkled into the mix.
  • Open up a joint chequing account. Not applicable anymore.
  • Make an additional $25,000ON PACE! So far this year, I’ve made $12,957.25. In order to be on track to earn $25,000 in freelancing, I needed to be at $12,500 by the end of June. So I’m on track and hoping to gain some momentum throughout the summer months. This is the goal that I’m most proud of right now. I set a seemingly unattainable goal (for me) with no real plan or direction, but I’m actually on pace to achieve it. Gotta keep my eye on the prize for Q3 and Q4!
  • Make 3 extra payments to my car loan. CHECK! I paid off my car loan in full. :D
  • Shopping ban (clothing/shoes/accessories). ON PACE! I successfully completed my shopping ban from January-May 19th of this year. While in NYC, I spent $519.49 on clothing. Now, I am back on my shopping ban from June 1-December 31st. Wish me luck! I think I’m going to need it. :)
  • The Lunch Challenge. FAIL! Even though I failed at this challenge, I’m proud of what I accomplished by going 161 days (or 5.5 months, 44% of the year) without buying snacks, coffee or lunch.


  • Go on 3 hiking tripsPENDING! I have so many ideas (West Coast Trail, Cape Scott, Black Tusk, just to name a few), but have yet to turn those ideas into actual trips. It doesn’t help that I no longer have an experienced hiking partner to go with (and all of a sudden I find myself with the most hiking experience among my friends), or the fact that there’s still a brutal amount of snow up in the mountains. I think the key for me is to find one or two good friends to go on hikes with, and actually plan them in advance instead of trying to plan on the fly (which almost never works).
  • Go on a trip with BF. Not applicable anymore.
  • Go on a trip with my sisterCHECK! New Orleans in February, and we are going to San Francisco in August.
  • Go on a trip by myselfCHECK! I went to Toronto in January, and am headed to Chicago in October.
  • Go kayaking or paddling. ON PACE! My mom and I have tentative plans to do this in the fall, thanks to a Groupon my sister and I bought her for last Christmas.
  • Read at least 1 novel per monthPENDING! So far, I’ve read three books. Where to find the time!?
  • Finish my cross stitching projectPENDING! I haven’t touched it since I moved. Whoops!
  • Work out at least 3 times/weekPENDING! This is already a straight-up fail for the year, but I can make up ground by working out more for the rest of the year to get to an average of 3x/week. I mean, it’s doable. It’s just a shame that I had to take a few months off of anything that wasn’t field hockey, because of a suspected fractured foot. But for the last month, I’ve been back on track and running 3-4x/week. Field hockey is starting soon, which should help me out a lot.
  • Lose 10 lbsCHECK! This has really helped my running. If I lose another 10 pounds, I will be in prime rock climbing shape. And one of my big goals is to get back into climbing again, so that’s something to strive for. Although I don’t know how realistic it is.
  • Run in a 10km raceON PACE! I’ve been training, so I feel confident that I can run 10km fairly comfortably. I just really want to reach my target time (less than 50 min). I have tentatively committed to the Terry Fox run in my hometown in the fall, and am thinking about another race in Seattle for September.


  • Maintain an updated resumeCHECK! It is updated and ready to go.
  • Maintain LinkedIn profileCHECK! I’m keeping it updated and adding new contacts every month.
  • Take 3 seminars. ON PACE! I originally felt like this would be strictly marketing and to do with my full-time job. But now that I’m going to FINCON in Chicago, I will be taking many seminars during that weekend and feel like that satisfies this goal of mine.
  • Print business cards for side businessON PACE! I have finally designed my cards, and am in the process of getting quotes from a few different print shops.
  • Put side business website back onlineON PACE! Well, technically I’m on pace. Because my side business seems to be 90% writing at the moment, I’m thinking of just linking my side business to my LinkedIn profile and focusing my efforts into revamping this blog. I’ve already purchased the template and just need to take 3 or 4 days to implement it. I have yet to create a plan for that part.
  • Try to be at least one week ahead of my blogging with scheduled postsON PACE! I’ve downloaded an awesome calendar app for WordPress, and am trying to stay 2-3 posts ahead of the game. Now my goal is to implement that for my Moneyville blog – which is proving to be much more difficult.

How are you doing with your goals for 2011?

Author: Krystal Yee

I’m a personal finance blogger and marketing professional based in Vancouver. I’m a former Toronto Star (Moneyville) columnist, author of The Beginner’s Guide to Saving and Investing, and co-founder of the Canadian Personal Finance Conference. When I’m not working, you can usually find me running, climbing, playing field hockey, or plotting my next adventure.


  1. You forgot to add: "Come and see FB in Toronto or Dallas later on this year"

  2. Erin says:

    Don't be so hard on yourself – you didn't FAIL – you bought a house and went out for a sayonara lunch for a coworker! You are doing incredibly well with your goals and are an inspiration to everyone who reads this blog.

  3. Money Beagle says:

    Good work. I think you're doing great. As far as our objectives, we're slighly below pace on our overall net worth objective for the year, but there's still plenty of time and I remain hopeful.
    My recent post Delta Miles No Longer Expire

  4. hundreddollarbills says:

    I'm working on paying off my house before I turn 30..
    I was on a 5 yrs plan which would have brought me to 32, but somehow I've managed to earn more or spend less or both i guess, so looks like my 5 yr will be 3! I met the goal for year 1, but year 2 is killing it.. which is why i say 3 years and that beast (the mortgage is dead). I have 2 pensions, and i don't beleive in the concept of rrsps. if i didn't have pensions, I'd buy multiple property- which i still plan to do, because pensions theses days and a conservative majority government don't appear to go hand in hand. gotta love goals.

    • gmbmfb says:

      That's amazing, good for you! I would kill to be mortgage-free by the time I'm 30. But, for some reason I highly doubt that'll happen. :)

  5. Broke By Choice says:

    Are you giving up the lunch challege since you fell off the wagon or are you going to try to make it the rest of the year?

  6. Ban Clothing says:

    I like that you actually spend money… you go on trips and seem to do the things you want even if it means contributing less to RRSP's etc. I am definitely frugal and sometimes it gets in the way of doing things that are important to me. I recently dropped $550 to learn to ride a motorcycle. I felt guilty at first but then realized being frugal doesn't mean you give up everything you want to do just because there is a cost associated to it. I think you are an excellent example of having a balanced life. You don't go into debt, you plan accordingly, and you still have fun!
    My recent post Motorcycle Training 101

  7. Kay says:

    you know, miss.. your goals, monthly revisits have made a huge difference in my life. Starting this Jan, I made a similar set of goals for me to cover all aspects of my life and started working towards them.. I don't write them on a blog, just a notepad on my desktop and I revisit them weekly. Any progress made is noted down and I'm glad to say that I've made a big difference since January.

    Just wanted to say – Thank you!!

  8. Christine says:

    You're AMAZING. Do you know your Meyers-Briggs Type profile? You're definitely one of those types that accomplishes stuff! I'm so glad I found your blog (off of Moneyville) – I'm following.

  9. Why did you take out 25k from your retirement?

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