As we are getting closer to ending this hellish year and starting fresh with 2021, I have been thinking about what my financial goals should be in the new year.
I know I want to get out of credit card debt.
I know I want to complete a $5000 savings challenge. (This would probably be conucurrent with getting out of debt.)
I know I want to increase my 403b contributions.
I know we want to continue monthly contributions to our church.
But other than that, I don't know what we want to do or accomplish. Even those are vague. We need to sit down and flush out our financial goals. We can't achieve them if we don't define them.
Goals are always so hard for me because I feel pulled in so many different directions. I want to get out of debt. I want to save for short term goals. I want to save for long term goals. I want to give generously. But there never seems to be enough money to do it all.
Last year, I had 20 financial goals for 2020. It was too many! We met about 65% (13 out of 20), but it was too much to keep track of and to try to meet them all. This year, I know I want to pare down my goals and focus in on what is the most important to us.
I'm looking forward to seeing everybody's goals and hoping maybe they can inspire mine.