Just one final goal for the year!
It’s officially Winter, and we’re into the final month of the year – nearly a whole year since I’ve been blogging! But, before I get ahead of myself, it’s time to look back at my goals for November:
- Pick my ISA funds
- Go back to basics – spend less than I earn
- Save with a purpose – work out how much to save for short-, medium-, and long-term goals
- Work out how much extra I need to save / earn per month to be able to retire at 55
- Carry on de-cluttering – tackle the pile of items for eBay, also an old computer, and find a dealer who wants our unwanted vinyl
- Next steps with new business
It was a big list, here’s the result:
- FINALLY, YES! I’ve moved my ISA money from cash into the Vanguard Lifestrategy 60% Equity fund. It took about 15 minutes, mostly because I couldn’t remember my password. It was very quick, and very simple. The time-consuming part was the 7 months it took me to make a decision. I’m unsure if it’s the right one but, for now, it’s good enough! I’ll report back later as to why I decided on this fund.
- I overspent again which isn’t great. Worse though is that I’m not really sure why as I don’t like sitting down at the end of each month to look through my finances. I have my spending tracker app which generally works well, but it’s not reconciling with my bank statement. I need to come up with a better month-end system….
- Yes, progress has been made here. We know how much we want in an emergency fund, and how much to save each month for short term expenses (e.g. new specs, decorating), medium term savings (bigger items e.g. car), with everything else going to long-term savings (i.e. the BIG ONE – retirement). More importantly, I also now know how much of my savings I can spend, and I’m going to go ahead and do it! There’s a long list, but I’ve been holding on, frightened to spend as I wasn’t sure what I could afford, now I’m ready.
- No, I was being far too ambitious….
- Yes and no – several unsold items, but 5 items sold on eBay for £22.20. We found a dealer for our vinyl, but have decided to try online first as he admitted he’d not offer us a great price as he needs to cover overheads, staffing etc. It’s slow going…
- An hour of inspiration, and I have a leaflet design I like. It’s not finished, but I’m a lot closer.
Avoid procrastination – focus on one thing!
So, what am I going to focus on for the end of the year? I’ve had the recurring goal to de-clutter, and spend within my means, so I’m not going to list these again. I know I want (need) to do both of these, so there’s no point listing them out again.
Instead, I’m going to take inspiration from a blog post I read this week about procrastination, which advises us to ‘focus on one thing’.
This seems excellent advice.
Following on from my last post, about motivation and goal-setting, and feeling stressed trying to do too much, this month I’m setting just one goal:
- Finish the leaflet, and write some web-pages, for my cat-sitting business
OK, that’s two things, but as I’ll be partly waiting on someone else to get back to me about the leaflet, I can use that time to write the web pages.
I’d hoped the business would be ready to launch in time to catch people going on holiday at Xmas. That probably won’t happen, but I’ll just focus on getting these 2 things done and see where it goes!