Three Month Goal Update – Money-Stupid Anonymous


The first quarter of 2013 is coming to a close, so I thought this would be the perfect time to take a look at my yearly goals, assess my progress, and set some new objectives for the rest of the year.

My New Year’s resolutions were as follows:

  1. Save $1500;
  2. Pay off my consumer debt; and
  3. Slow down, get organized.

I’ve already paid all of my consumer debt just three months into the year. I’ve checked that goal off the list. This will allow me to focus more on my savings goal, so I think it’s a good time to bump that one up a bit.

Before I get to the new and revised goals, I should mention my performance on a non-New Year’s goal: to quit smoking. I’m happy to say that I beat my schedule for this goal and haven’t lit up in 57 days! I think 60 days means I have officially kicked the habit. I think being accountable to an entire audience has been helpful. Thanks to everyone for your moral support and advice. Now on to my new goals for 2013.


New goal #1 – Increase my Emergency Fund from $1500 to $2000

I will be putting an additional $60 per month into my emergency fund (facilitated by the additional cash flow freed up by repaying my consumer debt). I should have no problem meeting this goal by the end of the year.

New goal #2 – Exercise 30 mins per day

I partially failed at reaching my original goal of slowing down and getting organized. I haven’t been giving myself a healthy outlet for fighting stress, so I think I need to be more specific. I’m going to give myself 30 minutes of healthy “me time” every day by either going to the pool or going for a walk. This should help me clear my head, sleep better, and keep my stress levels lower.

New goal #3 – Earn $3000 from freelance work

I’ve talked a ton about learning new skills and making more money, but I haven’t been nearly aggressive enough in pursuing freelance opportunities. Dare I say that, in 2013, I’ve been downright lax? In the hopes motivating myself to make more money, I’m going to set a minimum goal of $3000 in freelance income from the first of April to the end of the year. Let’s add to the word count by calculating it monthly: $333.33. I think this is setting the bar fairly low; my writing on TF accomplishes a good portion of it. But to reach the goal I will need to actively seek new freelance opportunities. I hope that this will spur me to achieve or even beat this goal.

New goal #4 – Stay smoke-free

It’s a safe bet that I will make it to 60 days of smoke freedom. But I still have cravings. I think it’s meaningful to restate this goal so I can update everybody on my progress in the future. I’ve replaced this habit with constructive activities and reduced my opportunities for temptation (e.g. carefully budgeting to allocate my cash flow). I also enjoy feeling healthier. For this goal, I just need to stay the course.

I’ll do an update on all of these new and revised goals in about three months. Hopefully the second quarter of the year will be even more successful than the first, and I will be coming up with brand new challenges for myself to tackle in the summer.

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10 Comments… Share your views

  1. Congratulations on the smoking! I’ve fallen off the wagon several times and am still at ground zero :(

  2. Wow. You’ve done very well, very quickly. Many congratulations! Are you an ambassador for getting sh*t together now? haha.
    Best of luck with your savings goals and quitting smoking. I absolutely hate smoking, so I’m happy to cheer on those who quit!

  3. I tried quitting several times myself. I think it’s impossible to quit until you get to that place where you truly want to, otherwise the cravings are just too hard to fight. I quit cold turkey this time around and haven’t looked back since.

  4. Keep it up on the smoking! I had two friends recently fall off the wagon after over a year of quitting, so even though the habit may be broken after like 21 days it can come back with a vengeance if you’re not vigilant!

    Good work! Tons of progress on all ends, financially and physical health wise. Quite inspiring!

    • I think I’m finally done with smoking for good this time. I haven’t even been craving a cigarette since quitting. I guess it just all comes down to how ready you are.

  5. Nice work handling the smoking. That is a hard goal to reach, but you are doing quite well. I think your 2013 is going to be a good year if you keep this up.

  6. I am redoing my budget this weekend because the one made at New Years just isn’t cutting it. I have many goals but I often fall off the debt repayment wagon when I get frustrated and send out for pizza because I am tired after work and fed up with my bank balances.

    Please continue to be a nonsmoker for decades to come. I am in health care and I am losing one of my favourite clients to lung cancer. He has a great attitude and blames his extreme fatigue on his over use of the stripper pole he told me he has in his living room. We will all miss his crazy sense of humour.

    • I always fall off the wagon when I get stressed too. The trick is just getting back ON the wagon as soon as possible. It’s okay to go over budget $20 every now and then… it’s another to do it every week. As long as you’re conscious of it (as you seem to be) then you should be fine.

      And I don’t foresee a problem staying smoke-free. I’m over cigarettes, I’m way too cool to die young.

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