- Figure out Monthly Budget
- Start helping out parents on a monthly basis
- File away all my paperwork in an organized manner
- Save up for a Digital Camera
Figure out Monthly Budget
This is by far the most important item in my list. I'm looking at this as my stepping stone towards financial freedom. Without this planned budget, I would have no idea how much I'm saving/spending on a monthly basis. And without that information, it is impossible to plan for the future in terms of how much money i'll need to retire (preferably retire young!), or what I'm going to do even in the next 6 months or so. I am going to figure out a monthly budget, and make sure I adhere to it, and balance it out, with extra cash leftover to hedge against my future costs. The main aim: SPEND LESS THAN WHAT YOU EARN!
Tasks:
- Track spending for a couple of months in order to have an idea about my spending habits and where my money goes.
- Develop a budget spreadsheet, and develop a sample budget, and compare how I did the last few months by tracking my expenses.
- After seeing how I did -- develop a golden budget for myself, something that is realistic and achievable, and something that will give me enough left over to build my future.
Start helping out parents on a monthly basis
I've always sent money to my parents -- just never on a consistent basis -- and therefore, they've always looked at that money as 'bonus money': something that's good when it comes, but not to depend on it. However, I think I should do my part more responsibly, and start sending them money at the same time every month -- it doesn't have to be a lot, but enough.
File away all my paperwork in an organized manner
I literally have piles and piles of paperwork all scattered around my whole place. They're mostly bank statements, bills, and other miscellaneous items along the same lines. In order to have a more organized life, I need to start filing away important paperwork properly -- so that I can always find what I need when I need it -- you never know what situation may arise in the future, and staying organized will help out immensely when the need arises.
Tasks:
- Get some cheap folders, and start filing away all important incoming mail from now on.
Save up for a Digital Camera
Now this is a little tricky, mainly because I couldn't resist the urge to wait for one, and decided to get it already. I'm now an owner of a brand new Canon SX200 IS Digital Camera. When buying things, I always go by my personal rule: Buy good stuff, and from good dependable manufacturers, to get the best value for your money. Although this camera cost me around $300 bucks -- I dont think i'll ever need a camera ever again for quite some time, and hence, that kind of justifies paying that much for it to me.
As you can see, I've listed 'Tasks' for each of the items in my Short Term Goals. They aren't that impressive, but at least they are smaller sub-goals, and stepping stones that will help me achieve of my short term goals. They give me a plan to succeed, and by following the tasks one by one, I should be able to achieve the goals. Lets see how this works out. I hope it will work -- or else, I'll have to figure some other way to motivate myself to achieve my goals!
I've always sent money to my parents -- just never on a consistent basis -- and therefore, they've always looked at that money as 'bonus money': something that's good when it comes, but not to depend on it. However, I think I should do my part more responsibly, and start sending them money at the same time every month -- it doesn't have to be a lot, but enough.
Tasks:
- After figuring out budget, see how much I can afford for my parents
- After figuring out budget, see how much I can afford for my parents
File away all my paperwork in an organized manner
I literally have piles and piles of paperwork all scattered around my whole place. They're mostly bank statements, bills, and other miscellaneous items along the same lines. In order to have a more organized life, I need to start filing away important paperwork properly -- so that I can always find what I need when I need it -- you never know what situation may arise in the future, and staying organized will help out immensely when the need arises.
Tasks:
- Get some cheap folders, and start filing away all important incoming mail from now on.
Save up for a Digital Camera
Now this is a little tricky, mainly because I couldn't resist the urge to wait for one, and decided to get it already. I'm now an owner of a brand new Canon SX200 IS Digital Camera. When buying things, I always go by my personal rule: Buy good stuff, and from good dependable manufacturers, to get the best value for your money. Although this camera cost me around $300 bucks -- I dont think i'll ever need a camera ever again for quite some time, and hence, that kind of justifies paying that much for it to me.
As you can see, I've listed 'Tasks' for each of the items in my Short Term Goals. They aren't that impressive, but at least they are smaller sub-goals, and stepping stones that will help me achieve of my short term goals. They give me a plan to succeed, and by following the tasks one by one, I should be able to achieve the goals. Lets see how this works out. I hope it will work -- or else, I'll have to figure some other way to motivate myself to achieve my goals!
No comments:
Post a Comment