Friday, December 30, 2011

2012 - Plans for a Better Financial Year

So, as Wednesday's post indicated, 2011 was not a good year for us financially.  We made some headway. We didn't move in the wrong direction, but we really did not move forward a whole lot either.  We basically treaded water for the year as a whole.

And I was utterly depressed when I looked at the numbers.

So for the upcoming year I am making the following, hopefully more attainable goals for our family's finances.  This is assuming that the apocalypse doesn't really happen at the end of this year and make all of these plans worthless. =)

Reread Dave Ramsey's Total Money Makeover:
This is the book that kicked us into gear, and I obviously need to be kicked again. So I'm going to reread this for hopefully a new burst of inspiration

Figure out SOMETHING to do with the timeshare:
If you've been here for more than a month, you know how we own a timeshare and how I absolutely loathe it. We should have the deed in hand within the first month or so of 2012 and then we will start the process of getting rid of it.  I hope to resell it to the resort for a drastically reduced cost just to get it out of our hands. Yes...we'll still owe the money on it via the Lending Club loan, but at least we won't have maintenance fees and the burden of it hanging over us.  If we have to, we are willing to just deed it back to the resort just to get rid of it, but we'll of course get money for it if we can.  Anything we get for it will go straight into paying off debt. No rerouting of any of those funds.

Pay off $10K in debt:
Last year, I had HUGE aspirations for paying off debt based on some plans that didn't fall into place. This year, we're going with what we currently have and making plans based on current income remaining the same. If we get more, then that will just be a bonus and we'll happy dance all over the place (including this blog).

Cut up my hated Chase credit card:
I know...I probably should have already done this, but I haven't.  But I want to. This year. It's my oldest and largest credit account and that fact scares me regarding what it will do to my credit score. But I plan to build up the courage to do it and throw caution to the wind in regards to my credit score. I want to live like nobody else, right?

Tithe every.single.paycheck:
I know this shouldn't be hard, but it has been in the past, so I'm working on making this totally normal...even when it isn't comfortable.

What about you?  What are your financial goals for 2012?

Photo credit: svilen001