Friday, October 14, 2011

GOALS 2011-2012

One thing I noticed about my 2010-2011 goals review was that I had too many of them - some of them I had forgotten about so I'm going for simplicity this year. I do better when I keep things streamlined, when they get too complex I totally tune out. So here goes.

Financial Goals:

  • Increase total savings from $56,398 to $67,000 over the next 12 months (this is long-term savings only: RSPs (interest only) and TFSA (Tax Free Savings Account)
  • Save $600 towards the purchase of a new camera
  • Save $1200 towards condo redecorating
  • Save $1200 to add to my Emergency Fund currently sitting at $1527
  • Save $960 to pay for Crofters Lane house insurance and property tax currently sitting at $160
  • Save $1500 for Christmas and Birthdays for 2012
  • Save $2880 for Crofters Lane maintenance and travel expenses next summer currently sitting at $480
  • AND decrease my Line of Credit from $34,300 to $9,700 over the next 12 months
  • continue to follow my current zero-based budgeting style (it works for me...most of the time:)
All of these accounts are already set up with automatic deposits/payments. All I have to do (HAH!) is not overspend because if I do then it reduces either savings or debt payments and I don't want that to happen because I am working towards:

Yes, ladies and gents, I am talking about being debt-free in 16 months at which time that $2,000 per month currently going towards debt repayment will then be channeled into my long-term savings. Hopefully by then Stephen Harper will have increased the limit on our Tax Free Savings Accounts to $10,000 per year from its current limit of $5,000 but I won't hold my breath, damn politicians!!

My personal goals are also going to be plain and simple - not simple in that they are easy to achieve, but simple in that they are clear and straight forward.

Personal Goals:
  • Get my weight back under 130 lbs. Folks, I'm barely 5'3" and I'll be damned if I'm going out and buying all new pants to replace the ones that fit just fine up until a year and a half ago! Yes, menopause does wreak havoc on the waistline but I'm not giving up yet. What I won't do is put a deadline on it - that's just a recipe for failure. And I'm NOT buying pants with a stretchy waistband - that's just a cop out! 
  • Exercise everyday. Lunchtime - 30 minute power walk 5 days a week, work out in my school's cardio/weight room 2 times a week (Tues. and Thurs.), ride my stationary bike at home 3 times a week (Mon. Wed. and Sat.) and go hiking every Sunday. I know this looks complex but I'm already doing it so it's easy peasy. Do the scissors exercise once a day - see Sarah's instructions HERE!
  • Find reasons to be happy every day!!  
  • Tell my wee family I love them every day!!
  • Find a reason to laugh every day!!
  • Be grateful every morning that I woke up!!
In my next post I'll expand on my personal goals to show you the thinking behind them. How are YOUR goals coming along??


  1. Whoa goals! I love your being happy and appreciative everyday! I am working on this.

  2. holy wow
    I wish I could save that much.
    You go girl!!!!

  3. Great goals. I can't wait until the moment when my debt is paid off.

  4. Fabulous goals, Jane! Especially your personal goals! :) Good luck!

  5. Great goals! I need to get working on mine for 2012 but I know that I am already trying to smile more


  6. Wow below $10k on your line of credit would be fantastic!

    Good luck Jane! I'll be cheering you on!

  7. Woohoo to future debt freedom!

    I love your personal goals. I need to tell my family I love them every day too. :)

  8. Good goals Jane. I know you can do it.

  9. Great goals, Jane, you'll do awesome! Love the personal goals too :-)

    I feel so bad cuz I only put $1,600 in my 2011 TFSA so far :-( Feel like a failure, but I did max out the last 2 years and I know that's more than probably 80% of Canadians!

  10. Those are GREAT goals for 2012 Jane! Debtfree in 16 months? Wow!

    Is Crofter's Lane in PEI? I'm getting confused (not hard for me! :)!)

    I'm going to have a date night with my hubby and we will come up with some numbers for 2012. I really, really want his input this time!

    I know my no. 1 goal is the emergency fund...let's hope I can get close...

    Oh, and I'm so with you with the menapause and's wreaking havoc in my life BIG time! it's time to do something about it, for sure!


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