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 Portfolio. FAIL! 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 Fund. CHECK! I currently have $5,600+ in my EF, and growing it by $200 every month.
- $1,000-3,000 Savings Fund. CHECK! 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 cash. ON 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 $25,000. ON 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 trips. PENDING! 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 sister. CHECK! New Orleans in February, and we are going to San Francisco in August.
- Go on a trip by myself. CHECK! 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 month. PENDING! So far, I’ve read three books. Where to find the time!?
- Finish my cross stitching project. PENDING! I haven’t touched it since I moved. Whoops!
- Work out at least 3 times/week. PENDING! 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 lbs. CHECK! 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 race. ON 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 resume. CHECK! It is updated and ready to go.
- Maintain LinkedIn profile. CHECK! 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 business. ON 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 online. ON 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 posts. ON 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.