Happy July everyone! We are half way through the year.
Back in April, I wrote up my goals for what I’d like to achieve in 2014.
Here is how I am doing so far
1. Say Goodnight to $19,000 of my Student Loans. PASS!
Here’s a break down of what I’ve thrown at my student loans thus far.
Dec 2013- $525.86 (My first payment!)
Over the last 3 months, I’ve been a bit underwhelmed by my monthly debt payment numbers. I was riding high on my tax refund and left over loan money, and I’ll be honest… I got a bit spoiled with extra large loan payments.
Well Hot Dog! Looking at these big picture numbers puts my payments into perspective. I had some really big numbers in Q1, but my total payments in Q2 are higher! And to think I doubted myself. Silly Kate.
Due to that pesky little thing called interest, I’ve been able to knock my debt down to $31307. A total of $14,023 PAID OFF! (which also means I’ve paid $1350 in interest.)
To pay off $19,000 this year, I only have $4970 left! That’s an average of $828/month. At my current pace (around $1800/month), I could reach my yearly goal by the end of Q3!!
New Stretch Goal: $23,000
2. Quarter Max my Roth IRA ($1375). PASS!
I am slightly ahead of schedule with my Roth IRA. If I hit my goal early, I plan to throw any extra dollars on my loan.
3. Build a $2000 Emergency Fund. EVEN
Oops! I have barely contributed to my Emergency Fund in Q2. It is currently sitting at $1003.38.
HERE’S WHY! I’ve decided to buy out my car lease. Any extra savings lately has been going to my Car Fund. Currently, my Car Fund + Emergency Fund > $2000. I consider this a win.
1. Work out at least 12x per month. PASS!
April, May & June each logged 12 visits to the gym. I’ve also gone on several long walks with the Hubs.
2. Complete my First 5k! PASS!
Running has been a big success over here. I ran my first 5k over Memorial Day and finished under my goal time! Around that same time, I briefly flirted with running a 10 mile race at the beginning of October. I decided to pass and run an additional two 5ks instead. If my training goes well, my final 5k also has a 10 Mile race so I could always upgrade.
It feels great to call myself a runner.
3. Eat Clean-er. FAIL
I’ve been struggling in the eating department. I’ve managed to get Breakfast and Lunch under control but Dinner has been a battle. When I eat clean, I feel so much better. I need to remember this when I’m tempted to order the Bavarian Pretzel appetizer…. fail.
1. Take a pre-paid Road Trip. FAIL!
Welp. The travel bug bit again. The road trip fell through due to a bunch of places being closed for the year. We really struggled to find another trip that excited us. So we had a major change of plans. With a little help from Hubs’ parents, we will be going to Great Britain for 10 days.
Here’s hoping we don’t break the bank.
2. Learn more about Canada. EVEN
I should pick up a book to formalize my Canadian education, but at this point I’m just paying more attention.
One thing that surprised me was how many Canadian bloggers were deeply affected by the shooting spree last month that killed 3 police officers and wounded 2 others. It made me realize how desensitized Americans, including myself, are to gun violence. Perhaps that’s the side effect to the media constantly telling you that a shooting spree could happen at anytime under any circumstance. I hate guns.
3. Read 10 books. PASS?
I’ve read 5 books so far this year. 1 was a short story, but I’ll take what I can. Getting to 5 has been a beast I didn’t think I could slay. I started reading the Casual Vacancy by J.K. Rowling and I hated it. I thought it would get better and it didn’t. It took me a total of 8 months to get through it. (Perseverance eh?)
Technically, I’m a little behind schedule, but I know I’ll catch up now that I don’t have Krystal Weedon in my way.
Overall, I think I’m doing pretty great. The debt numbers are surprising because I thought $19k was going to be tough to reach in 1 year (plus December). Over the next 3 months, I plan to focus on improving my eating, planning a cost effective trip to London/Edinburgh, and reading books I actually enjoy.
Here’s to Q3!
How are you doing with your goals? Are you making progress? Am I a bad debt slayer for going on a 10-day trip to Great Britain?