1. Pay Down Our Mortgage
We paid an extra $500 in principle when we made our January payment. If we only do this every month, we will pay an extra $6000 towards the mortgage principle this year. That doesn’t meet my goal of $7000 extra and it doesn’t get us anywhere near paying off our mortgage soon enough to be debt free by retirement. My husband is working on gathering everything to start our 2016 tax return. I expect we will get a refund, but I don’t know how much. Whatever it is, I will use some of it to go toward an extra principle payment on the mortgage.
2. Frugal Gift Giving
I didn’t work at all this week towards this goal. Its January 8th. Enough said.
3. Buy only what is essential and choose to buy used when possible.
I have spent $158.14 on groceries so far for January, and I used Discover cashback bonus (so nothing out of pocket) to purchase some staples from Amazon–arrowroot, dishwasher detergent, and trash bags.
4. Plan and install Edible Landscaping
Brrrrr!! With the rare occurrence of snow this week in Georgia and really low temperatures, you can imagine that nothing happened towards this goal!
5. Look for new ways to cut spending
This week we didn’t really find new ways to cut spending, but I we cooked every meal at home and have menus planned for the next week. We kept our thermostat at 68 during the day and 64 at night.
6. Look for side hustles to earn an extra $5000
My husband sold a book on Amazon and brought in an extra $28. Woohoo.
7. Declutter–Get rid of 1000 items.
This week I cleaned out from under my kitchen sink and found 10 items to throw away. I am also working on reorganizing my sewing room and found 8 books to donate.
Total items: 18.
8. 10/7/17–Cash Flow our Daughter’s Wedding
Last weekend, my daughter and I went to look at dresses. We didn’t expect to buy on the first shopping trip, but the 2nd dress my daughter tried on was perfect. It was $45o. We also bought the veil, slip, bra/corset, tiara/headband, processing for the dress after the wedding and a garment bag. After all of the add-ons, the bill came to $1150. Wow! But, since my daughter originally wanted a dress that was $1500 along, I would say we did ok. We also bought the Save the Date cards and got a great deal from Shutterfly . They were running 50% off plus we found a $20 coupon on sandwich meat at the grocery store. Go figure….
Total spent so far on Wedding:
- $1000 deposit on venue
- $1150 on dress
- $62 on Shutterfly Save the Date cards
- $125 on Engagement photo session.
Total so far: $2337
9. Lose 50 pounds
This week I lost 4 lbs on the Fast Metabolism Diet. It really works, but I find it very difficult due to all of the planning and preparation time that goes into the diet and food. This coming week I am on a business trip and it will be a real challenge not to gain that 4 lbs back!
10. Devote time 3-4 days a week to Self-Care
This week I worked late two days. Not great, but not as bad as most of December. Plus, we had a frank discussion about dividing the late days at work, so I am hopeful I will be getting off later most days. I spend some time in my sewing room this weekend, so I am counting that as self care.
11. Spend no more than $300/month on groceries
I mentioned earlier in the post that I have spent $158 on groceries so far. Not that great seeing that it is only January 8th, but I easily have several days worth of meals already cooked and supplies to make more meals. We will see if I can’t actually stay within budget….
12. Finish 12 sewing projects
I didn’t work on any projects this week, but I did set foot in my sewing studio for the first time since September. I know that because the calendar I had hanging in the room was still on September. I worked on organizing and rearranging in the room. My husband hung my thread holders and I did use some of my spending money to order magazine backer boards to organize my fabric. (more on this later) I look forward to working on some projects in the next couple of weeks in a much nicer, organized room.
So how did you do? Did you make any 2017 goals? How are you progressing?