Before we even start this post, I want to let you know that I hear you. Are we seriously going to be talking about my goals for 2018… in February? Isn’t that a bit late to the party? Actually, isn’t that missing the party all together?
I know, I know! This post may seem like it is way overdue, and in some instances, it may be.
I have been going back and forth about even writing this to being with. I even contemplated the idea of having a resolution free year, after having done so badly in my resolutions last year. I mean, a less than 25% success rate is kind of sad, but I digress.
First off, let me just be completely honest with you. The year 2017 was an absolutely exhausting year.
It was a year of hard adulting, having way too much on my plate and just being tired all the time. Dare I mention this was all done without coffee too, so you can imagine the struggles!
Regardless, last year was a good year for achieving my most important goals. I finally build up a net worth, even though it is a very small one. I also went back to Japan, which was full of great experiences and even a few lessons. Above everything, my partner and I grew stronger and learned how to do life better.
This year, I honestly just want to take it slow.
I feel like one of the biggest mistakes I made last year was stretch myself too thin. In between getting excellent grades, having a social life, running this blog, working and trying to do other things, I only really excelled at one thing: school (yes, I’m a nerd).
I was juggling way too many things at once, which made me feel overwhelmed and exhausted most of the time.
I always had a to-do list that somehow kept growing endlessly with each task completed. I felt like I barely had any time to myself and that I was going at the pace of a snail. Yeah, not ideal.
That is why this year I want to slow down and prioritize. I want to have my commitments outlined clearly and focus on what is important to me. I want to be able to excel in multiple areas of my life.
I know that sticking to resolutions is difficult, but I find that having none is even worse for my progress. That’s why I have decided to try this resolution thing once again. Hopefully, now that my goals are more precise, I can actually stick to them!
Without further ado, here are my goals for 2018:
- Goal: Build emergency fund to $4,000
I’m sure that by now most of you have heard me preach the glory of the emergency fund. I honestly feel like this is the most important goal of this year – getting that emergency fund where it should be. Ideally, I would’ve loved to save even more, however I want to keep it realistic. If you want to know more about why emergency funds are the holy grail of personal finance, click here.
- Goal: Boost my retirement savings by $500
It’s funny the little things you find out when you read the right sources. One of the best presents I got last Christmas was a book on Australian tax reforms and their effects on the individual (here goes the accounting nerd in me again). As it turns out, I am eligible for a retirement benefit.
Long story short, as a low-income earner, if I deposit $500 into my retirement account, the government will match half my contribution. That’s an easy $250 made at not extra effort on my behalf. I think this benefit is too good to pass on, so I definitely want to take advantage of it if I can afford to.
As with any good thing, I’ll be pretty surprised if this benefit will last much longer, so if you are a low-income earner living in Australia, make sure to check out this website for more information.
- Goal: Take the car in for a major service
Category: Expensive as hell but necessary
Our beautiful 10 year old car is very overdue for a major service. While our car is still going strong, it does need a new wheel and a little bit of a health check, so this year I am defiantly hoping to get onto that ASAP. Safety first!
- Goal: Invest in bonds
This year my main focus is getting that emergency fund up to par. At the same time, I would like to pick up some government bonds to diversify my portfolio a little. Having just finished a semester of introductory finance, the importance of not having all eggs in one basket has been drilled into me dearly. A balanced portfolio is an ideal portfolio, and that’s exactly what I want!
- Goal: Get a part-time job
I want to apply the concepts learned in the classroom to the real world in order to understand them better. Also, some work experience and an extra pay-check here and there wouldn’t hurt. I am looking to increase cashflows this year, so a job would really aid in building up those savings further.
- Goal: Get a summer internship
This summer I want to do an internship in order to learn more about the day to day life of a typical accountant. I also want to explore the different areas of accounting and maybe figure out where I can bring the most value. Basically, I want to get my bearings this year.
- Goal: Grow this blog to 100 followers + do a giveaway
It is no secret that I love you guys! I love interacting with you, sharing my highs and lows and taking you on my journey. I love being able to write content for such an amazing audience. You guys inspire me to be a better me, whether it is by supporting this blog, sharing your insights and stories or simply giving me someone to write to.
That is why this year I am hoping to do a giveaway once we hit 100 followers on this blog, which is closer than you think! I’m not yet sure what the prize will be, however you can bet it will involve at least one of the great books mentioned in our resources. Maybe even some Netflix? Time will tell, so watch this space!
- Goal: Have a GPA of 6.5 at the end of the second year
Like I said before, I had a really good year at university in terms of academic achievement, so I am hoping to continue this.
- Goal: Buy a new laptop
My laptop is pretty much on its death bed. It takes 10 minutes to start, freezes constantly, literally burns me if I put it on my lap and the battery dies in less than an hour. Not to mention that my laptop is extremely heavy and bulky, making it difficult to carry to and from school. Oh, and the screen keeps peeling of little by little every week, so I’m pretty sure it doesn’t have long to live.
I really want to get a new laptop this year. Nothing fancy, just a small, light notebook with a good battery life. I was looking at a HP notebook for about $400, but at the moment that’s a bit out of my range. Nonetheless, I will get you, new laptop, just you wait!
- Goal: Have 52 published posts by the end of the year on this blog
This should be easily achievable if I post new content every week for the rest of the year, which just so happens to be my schedule. If you haven’t noticed by now, I post every Tuesday, so mark the date! Why? Because the best things happen on Tuesday! #tacotuesday
- Goal: Leisure smartly
I am a sucker for drama and TV shows, even those that don’t add any value to my life. I have noticed that if I am bored, more often than not I am in front of the TV, watching some silly entertainment. I mean, I could easily name you all the Kardashians, including Rob.
There’s nothing wrong with that, of course, however I want to spend my leisure time a little wiser. Maybe read a book once in a while, listen to a podcast or try something new in the kitchen. I want to leisure a little smarter this year and relax while also adding value to my life.
- Goal: Read more personal finance books
I love personal finance books. I love them so much that I have read more than I can remember. I also have a Kindle*, which makes it a lot easier and cheaper to get new books at a fraction of the print cost. This year, I want to read more and expand my knowledge further, because there is always room for improvement. If you want to check out some of my favourite books on personal finance, click here.
There you have it fellow financially frustrated people, my goals for this year. It’s kind of funny that for someone who didn’t want to make any resolutions this year, I ended up with 12 of them!
Nonetheless, I would be ecstatic to achieve even half of these this year!
As usual, I want to get to know you! What are your top 3 goals for this year?
Let me know in the comments below!
Being broke is temporary. Being rich is a journey.
*Includes affiliate links, meaning that if you do make a purchase, this blog would get a small percentage of the sale at no extra cost to you.