Give Me Back My Five Bucks

Q2 Review: 2013 Goals

Well, the year is half over. It’s been an interesting journey so far: adjusting to life back in Canada, starting a new job, breaking up with my long-term boyfriend, and trying to live a more balanced life. I think I’ve done a pretty good job so far, but of course everything can be improved.

I’m excited for the next 6 months, but I’m also a bit nervous that I’m not going to hit many of my goals listed below. I haven’t developed a plan to get myself to that income level I want to be at (and that income level is tied to so many of my financial goals). If I were still freelance writing at the pace I was last year, I’d definitely be there… but life sort of took over, and I really didn’t want to go back to working 75 hours/week. I’m enjoying the time off, but at the same time, I know I have to work harder. So I think the rest of the year is going to be a balancing act for me. How much can I pile onto my plate without feeling overwhelmed?

Financial

  • Earn $85,000 to $90,000NEEDS WORK. Just like after Q1, if I keep earning at the pace that I’m earning, I won’t make it. At the halfway point of the year, I’m still hovering around $75,000 to $80,000. I picked up a small freelance writing contract, as well as a piece for the Toronto Star, which should get me back into the swing of writing.
  • Put an extra $2,500 onto the mortgageON TRACK. I lost one month of increased payments because the bank took a long time to process my request, and then they couldn’t do it until the billing cycle lined up properly. But I’m back on track and averaging around $220 extra each month.
  • Save $16,000 in my Retirement PortfolioNEEDS WORK. This has got to start being a priority for me. If my goal is to eventually retire early, then my lifestyle and my savings rate has got to reflect that.
  • Diversify my investmentsON TRACK. I’m just about done with my stock stimulator, and am ready to go with my Questrade account.
  • Start contributing to charityON TRACK. I’ve decided on the charity that I’m going to contribute to, I just need to fill in the paperwork to get my monthly contribution started.

Personal

  • Go on one big tripON TRACK. Well, I’m still going to France in October for work, but my “big trip” to Morocco might get axed. It depends on how long I’m in Europe for work now. There has been some talk about extending my trip to include other nearby countries, and if that’s the case, then I doubt I’ll have time to go on vacation. :| But that means I can spend my vacation days doing something else. Maybe I’ll finally get to do the West Coast Trail! Or I can roll them over into next year, and do a longer trip then.
  • Take a French language classNEEDS WORK. Since Nic and I broke up, I’m less interested in learning French. But that being said, I do still think it’s a valuable skill to have – especially in the industry that I’m in.

Professional

  • Invest in a grown-up wardrobeON TRACK. I’ve spent a lot of money so far this year on my wardrobe, but I still think I’m missing some things. Right now I’m attempting a shopping ban until the end of September. This will help me reduce the amount of money I’m spending on clothing, as well as ensure I’m buying the right size. The suit I bought in February? It is way too big for me already. :|
  • Read 6 marketing books. NEEDS WORK. I’ve started reading two books, but should have finished 3 books by now to stay on pace.
  • Scale back my freelancingCHECK! Do you love how the only goal I’ve actually completely achieved so far this year is my goal of doing less? :P I do think I need to step up my freelancing a little bit, and I’ve started bringing my hours back up.

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.


Comments

  1. Joe Di Lillo says:

    Which books are you reading?

  2. Brandi Lamoureux says:

    have you thought of listening to digital books while you run? they are free from your local library.

    • Krystal Yee says:

      You know, I have thought about it… but I like using the music to help keep my pace. I wonder how digital books will affect how I run! Maybe that’s an experiment I need to try out. :)

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