For me, I think the most relevant tweak for 2011 is making sure my goals are sustainable and measurable. :-)
- No Clothes Shopping: I want to stop shopping as a hobby. Once I start shopping, I quickly get offtrack & have no self control. As a result, I think I need to set up a goal that provides a reward for each month I don't shop (for clothes/shoes). I love massages/pedicures/spa stuff of all kind, & enjoy it so much more than clothing. But, the instant gratification of heading to the mall, the retail therapy aspect, and the hunt for a good bargain seem to outweigh that in the moment. Put another way, I truly enjoy treating myself to experiences more than a $15 shirt I'll wear twice, but I'm not spending my money in a way that reflects that.
- 2011 goal for shopping: No shopping for a year for clothing, shoes, or makeup. Exceptions: replacing running shoes if they wear out, replacing any must have makeup that I wear every day. I think once I break myself of the habit of viewing shopping as a hobby, it will change my entire perspective for good. Other goal - make a list when shopping for the kids & stick to it. No random/impulse kids clothing purchases.
- Reward for hitting my shopping goal: For each month that I stick to my goal, I'll get a massage. For three months of hitting my goal, I'll add in a mani/pedi. For six months of hitting my goal, I'll plan an entire spa day. If I hit my goal for the entire year, I'll do a spa-focused weekend getaway!
- Reward for hitting my budget goal: Increased savings & financial flexibility! :-) Hitting this goal is critical for my 401K payoff goal.
My current loan balance is $43K, but one additional payment will be applied in 2010. I have $2000 in a snowball account saved up (note that this loan cannot be paid off early unless you're paying the entire balance, hence the snowball account). I have about $20K of funds that will be available through my FSA reimbursement, stock awards, and employee stock purchase that I will use. I will also be making $8K of regularly scheduled payments as they are due, which leaves me with approximately $13K to save during the year. Gulp. I know I can do this if I focus.
- Reward for hitting my 401K payoff goal: Job/family life balance flexibility.
4. Fitness goal: I'm pushing hard to hit my 150 workouts for 2010, but I want my goal in 2011 to be: more flexible, encourage strength training, & rewards me for longer cardio workouts. Right now, I give myself credit for any 30 minute cardio workout, which means that most of the time I stop at 30 minutes. Slacker. :-) I'm thinking of structuring the 2011 goal into three tiers:
- Cardio - 4500 minutes of cardio in 2011. This is the same as my current goal of 150 workouts, but gives me flexibility to do longer workouts on the weekend, etc.
- Strength - 1500 minutes of strength training in 2011. I definitely need to tone up, so this is a great way to build in time & make sure this happens.
- Stretching/flexibility - 1000 minutes of flexibility in 2011. I'm thinking of using this for stretching or yoga/pilates.
- Achieve my goal weight of 130 lbs.
- Reward for hitting my fitness goal: Looking & feeling great!
5. Personal Goals: This is a bit of a mixed bag, but I tend to over-focus on my financial & fitness goals & forget about the rest of my life. You know, the other stuff that makes life enjoyable? :-) I'm very goal-oriented (as you can probably guess), so I'm hopeful that setting clear goals for myself will motivate progress against these.
- Organize one room in the house each month. The goal for January is the master bathroom & I've started on this, but have a ways to go.
- Have a minimum of one date night per month with M.
- Get together with 2 friends per month.
- Take a photography class. The reason you don't see many pictures on my blog is that I'm a terrible photographer.
- Create wills & trusts for the kids. We have drafts, but they are not nearly as specific and detailed as they should be.
- Get additional life insurance on both myself and M, for the wills.
- Create a list of 25 favorite meals.
- Learn to bake bread.
- Take a pilates class.
- Run a 5K.
- Make a 2010 family photo album.
- Make a 2011 family photo album.
- Take the boys to Disneyland.
- Read 12 books.
- Re-learn to ski. I'm taking lessons, so this will hopefully happen this winter.
- Teach our oldest to be a moderately good skier for his age (ski green runs, ride the lift, etc).
- Introduce our youngest to skiing.
- Consciously consume (to me, this means thinking about every purchase, consider reusing something we already have before making a purchase, etc)