Setting financial goals
16th November 2006
Having goals is so important to getting things done. That is the main reason I have this blog, it forces me to publicly set goals, which makes me strive that much harder to meet them. I believe some goals should be easily attainable but some should be hard. If you set your sights too low you’ll never push yourself to your full potential.
Jonathan over at MyMoneyBlog is challenging readers to set a six-month financial goal. You’re asked to post updates in three months and six. “Everyone who does will win a prize.” Now you’ve done it Jonathan…but the real reward is in achieving your goal. 
My goal is to pay down our current credit card (0%) and HELOC debt by $30,000 in six months. This will be very difficult unless our house sells. With enough freelance work, keeping my regular job and watching our spending, I think we can do it regardless. If our house does sell, I’ll adjust my goal to save a significant amount of money.
I’ll look forward to seeing your goals and the progress you’re making on them.
November 28th, 2006 at 4:38 pm
I’ve seen jonathan’s challenge, am inspired to set a target of paying off and closing 3 of my 5 credit cards. i owe on average $420 each..
December 2nd, 2006 at 8:50 am
Good goal. If your credit is decent you should consider applying for a card with a 0% balance transfer. Then all your payments go against the principle.
April 12th, 2007 at 11:29 am
[…] Just wanted to post to say we retired our HELOC debt this week! You may remember my post back in November about setting goals. […]