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Goals – December 2006

These are all new year resolution-type goals. I want them in place before the year begins because I’m all about fresh beginnings and starting over at crucial moments. So, I’ll leave skip the dollarbill hoop jumping out this month and focus on preparing for the new year.

Goal: Reorganize budget categories to reflect current spending.
I’m frustrated with the available budget categories. In August, I developed the current list of categories but have found them inadequate over the past three months. Also, I need to customize YNAB to suit our needs instead of customizing our needs to suit YNAB.

Now, customizing this budget is taking more work than expected. There are several crucial elements in the spreadsheet that I cannot find. This places me at a standstill and I’m adamant that I will figure it out before the new year.

Goal: Develop a written plan for debt reduction.
We’re reducing our credit card debt at, what feels to be, a haphazard approach. When there is extra money, it gets thrown at the debt. Arbitrarily, I decide to round up minimum payments by $50 increments. What I want is a detailed plan that shows where we are at and where we’ll be at with our current methods and spending (argh).

Goal: Develop a written plan for savings.
This applies to the debt reduction plan. Since the house purchase adventure will resume in a few months, we need to build our savings up to be even more prepared for round two.

This entry was posted on Thursday, December 7th, 2006 at 11:18 am and is filed under budget/goals. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Goals – December 2006”



  • 3 Things About Money
    December 11th, 2006 06:22
    1

    I like your emphasis on “written” for your goals, it makes it more concrete. Thanks for the inspiration, I’m writing mine down as well now. Thanks.


  • TBH
    December 14th, 2006 12:17
    2

    I hope you work out your software issues. This was a big barrier for me in getting back to budgeting. Finally I just went back to using paper and pencil. It’s tedious, but at least I’m budeting again.


  • Donna Jean
    December 14th, 2006 14:41
    3

    3 Things – I totally agree!

    TBH – thanks. the biggest issue with this the way YNAB works is it doesn’t show you where your money is coming from, only where it is going. It is more usefuly, for me, to look at income and expenditures at the same time. Makes that “oh, we’re spending almost half a pay check on eating out a month – thats unacceptable” realization more apparant.

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