Happy New Year!
I love the start of a new year. After a week of celebrating with family and gorging ourselves on tasty treats, we get to embrace a new year full of possibilities.
There is a definite negative connotation surrounding New Year’s resolutions – mostly because people expect you to break them by March. I’m here to tell you that I view the exercise of making New Year’s Resolutions as my opportunity to reevaluate who I am and who I want to be, and to set challenging, yet reasonable goals for myself. And I share them with you because that helps hold me accountable.
So here’s my 2011 list of New Year’s Resolutions:
Put as much money as possible into our Roth IRAs… preferably fully funding them. We’re already saving what we can for retirement, but fully funding our Roth IRAs will help us stay on track. With three growing boys and increases in the prices of everything, it is going to be a real challenge to fully fund our Roths. At this point in time, it may be impossible. We’ll do our best.
Create a health care directive and a power of attorney. We already have a will, but I think it is very important that our wishes be spelled out for our loved ones should we become incapacitated. I’m going to work on other family members to tackle the same goal.
Establish an exercise routine. One of the biggest impediments to my weight loss has been the fact that I do not exercise. My goal in 2011 is to establish a regular routine.
Expand my garden. Last year, I planted my very first garden. Just 4’x4′ of space was enough to encourage me to try more planting this spring. I’d like to start my own vegetables from seed this year.
Find one offline hobby to enjoy. I spend so much time on the computer, and while I truly do love it, I need to find something else to do that doesn’t involve a computer. Perhaps something that involves talking to people face-to-face.
So you may be thinking to yourself, “So what does all of this have to do with frugal living or personal finance?”
It has a lot to do with them, actually. When you are happy, healthy, and prepared for your future, you are more likely to have better control over your finances. You’re more likely to make sound decisions when it comes to your money, which in turn can make you happier and more prepared. It’s a cycle worth repeating.
It’s good to set goals. What are yours?