Our 2011 financial goal was to save $8,000 to survive for four months on one income, while Eric quit his job and went to school full-time for the firefighter academy. He graduated from school Saturday and started his new job Monday, so now that we know we’ll have two incomes in 2012, we need a new plan for our finances.


Here are some new financial and personal goals for 2012:

1. Pay off credit card debt. Done! March 10, 2012 

We still have roughly $2,000 left on a 0% interest credit card. We plan to pay it off by March, before the 0% special rate disappears.

2. Contribute full match to 401K.Done Jan. 1, 2012

I ceased my contributions this year. There was no company match offered for my first year of employment. The plan was to open a Roth IRA and contribute there, but I never got around to it… anyway, my contributions will start Jan. 1 with 3%–and eligible for the full company match of 3%, meaning I will have the equivalent of 6% of my annual income contributed to my 401K this year.

3. Open Roth IRAs.Done Jan. 1, 2012

As a semi personal finance blogger, it’s kind of crazy that I don’t have a Roth yet. But we’re real people who make mistakes. And sometimes it takes us a while to get with the program. We hope to open these asap, and while we have no plans to max out the contributions (I believe the max contribution is $5,000 each), we hope to at least start somewhere.

4. Get eye surgery. Done Jan. 20, 2012

I hate my contacts. I’ve been wanting to get my eyes fixed forever, but the price tag was too hefty (around $5,000). 2012 is the last year when you can contribute $5,000 to your Flexible Spending Account, which is funded with pre-tax income through your employer. In 2013, your max contribution will go down to $2,500. So in order to take advantage, I had to take the plunge. With health insurance included, it will cost me about $500 each month. It’s expensive, but I hope, well worth it, too.

5. Move out of the shack. Done Feb. 18, 2012

I can’t take it anymore. No dishwasher. No real bedroom. No washer dryer. Tiny kitchen and even smaller bathroom. We need to move. We know we can’t live anywhere else without digging into our savings, but sometimes quality of life outweighs saving contributions.

6. Pay off at least one student loan. Done Sept. 26, 2012

I have two student loan payments. The first is consolidated, and the second is comprised of 5 smaller student loans. My goal is to pay off at least 1 of the 5 smaller student loans.

7. Make $2,500 in side hustle income. Done! Completed April 2012.

I have really enjoyed the side hustle. And it’s wonderful knowing that the money I’m making will contribute to our travel dreams without affecting our bottom line.

8. Go on a honeymoon

We have to go on a honeymoon this year. We just have to.

9. Save $10,000

Our savings is practically depleted right now. We need to increase our savings again if we plan to buy a house one day.

10. Continue growing the blog

It has been so wonderful to watch my little blog grow. I hope to continue to increase my readership and expand the blog.

11. Eat healthy, lose weight, start running again

Last year, around this time, I realized I had gained 20 pounds since getting married. This past year, I’ve been working on losing it, but my biggest problem is I love food, and I’ve only lost about 10 pounds. My goal for 2012 is to lose those last 10 pounds, start running 2-3x a week and keeping doing barre, which has been amazing for reshaping my body.

12. Be nicer to the husband

I could work on increasing my patience, and having more compassion.

*Thanks to Debt Free by Thirty for the inspiration of this post*

What are your goals for 2012?


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  1. Kiw girl

    Hey Erika, why haven’t you crossed off PAY OFF CREDIT CARD DEBT? I thought you did on the 9th of March? One of the reasons I like to write down my goals is the satisfaction of ticking them/crossing them off once they have been acheived.

    Happy Easter.

  2. kate

    Did you already have the eye surgery or just set up your FSA? I have the same goal this year for the very same reasons. I was REALLY scared that after committing to taking the money out of my paycheck that I wouldn’t qualify for the surgery. I had my consultation last week and surgery scheduled for April 6. I seriously can’t wait! Good luck with yours, too!

  3. Denise @ The Single Saver

    Very nice list, though I think you are being too mean to your home to call it a shack! I just checked out your pictures and, which it may be small, it has a ton of character! I love it.

  4. Good Cents Savings

    What a great list – it’s inspiring me to think about my own hopes, plans, and ideas for 2012!

  5. Betsy @ Romance on a Dime

    Sounds like we have read some of the same books!! I loved The Help!

    What did you think of Baby Proof? I have not read that, but you have me curious.

  6. Stephanie

    I love love love these goals! I’m getting married in April and my fiance and I are trying to balance paying for a wedding with still managing to figure out putting together a savings account to buy a house after we’re officially Mr. and Mrs.. Budget and balance are the big goals for us right now.

    P.S. your book list is wonderful. Emily Giffin is great. I’ve read all of those books and can never put them down.

    Keep it up! :)

  7. Liz

    YES! I love how “Wash face more regularly” is on here, because straight up? I hardly ever wash my face, like, ever. WHY AM I CONFESSING THIS?! But really, I find it nearly gets WORSE if I do, but none is gross too (exception: water on face in shower), so I need to find a balance and this always ends up on my “goal lists” too!

    ps let’s just keep this between Erika, Liz and the people who live in the Internet, mmmkay? No IRL folks.

  8. cara

    Hi there! I just found your blog. I was wondering… can you follow via email?

    1. Mccayde

      Call me wind because I am absouellty blown away.

  9. Shaba

    It is awesome that you’re on the way to save 10,000! I hope to do the same eventually, I’m just starting a rainy day fund, which after I pay off our credit cards, I will be contributing too even more. I love to save, now if I could just get my husband a little more on board! Hahah.

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