Sunday, November 29, 2009

Old goals revisited

One thing about New Year goals is that they are so easy to forget. These are the goals I set for myself last year:
  • $2500 in savings. FAIL. The maximum that I've saved is $1500.
  • Pay off all credit cards and medical debt. PASS/FAIL. I paid all medical debt and I did pay all my credit cards...but...when I bought my MacBook I opened a Best Buy credit card to pay for it. Right now that card is the only credit card debt I have.
  • Protect my job! PASS. The fact that I'm at my school another year after so many teachers were let go last year says a lot. I've been doing alot of extra work and trying new strategies with my students. I'm concerned because 86 out of 122 students are failing. I have data and documentation that I'm doing what I'm supposed to do, but I gotta get these kids to do their work. When I put in the grades for work that they have done, the grades were okay. Soon as I started putting in zero's for missing work the bad grades came. I've talked to parents, extended deadlines, modified assignments, but they still won't do the work. Veteran teachers have all said that as long as I have documentation of my efforts, I'll be fine.
  • After this spring, pay for school out of pocket. FAIL. I've continued to borrow for school this year. Next semester is my last, so I won't be borrowing for too much longer.
Sometimes I feel bad because I have not reached my goals. I feel like I haven't gotten anywhere financially and I am terrified to check my net worth. When I think about it, I have taken some steps to improving my situation. My job automatically takes 5% of my pay for retirement and I contribute $50 per pay period to an annuity set through my employer. I have all the insurance I need and feel comfortable if something were to happen. I've eliminated just about all my credit card debt (thank goodness!) and I'm in the process of automating my finances. Of course my paycheck is direct deposited, but I've automated my truck payment, auto and renter's insurance, and Directv. I'm still checking to see if my other expenses can be automated and plan to have them done by the end of the month.

Then I think about my spending plan that I created a while ago, my situation is not as bad as it seems IF I stick to the plan. Some of the categories have changed slightly, but overall it is the same. I always read other blogs about how people get out of debt by sacrificing, making more money, etc. I just want to be that person one day. (ETA...I just realized that the plan I mentioned was based on me not having a car payment. :( )

1 comments:

AP said...

Thanks for stopping by and leaving a comment on my blog. It looks like you've got a large student loan. Kind of like how mine started out. What kind of degree is that for? Do you think you will get the adjustment you need in your career once you complete the degree? Keep up the good work, and hey some savings for your emergency is better than nothing!! It takes time so don't forget to take each day and enjoy it instead of being too intent on thinking about finances. I thought a year would never come around but it's here again. You're doing the right thing, and some is better than nothing.