New Years Resolutions Or New Years Goals

Posted on December 22, 2007
Filed Under budget, debt, emergency fund, plan |

Christmas isn’t even here and already I am thinking about New Years Resolutions. I have never been big on making them as I, like most people, start the New Year with big plans and end up failing. Hell, by May, I don’t usually even remember what I resolved to do. Do you remember yours from last year?

Goals are different for me. When I make a definite goal, I tend to achieve it. So what is the difference between a goal and a resolution?

Dictionary.com defines

resolution as “a formal expression of opinion or intention.” and

Goal as “the result or achievement toward which effort is directed; aim; end.”

So should I make New Years Goals or New Years Resolutions? After some thought, I decided to do both. I will have 2008 Goals with supporting resolutions for each of them. I am going to write them in my planner as well as on the blog and review them weekly privately with monthly progress reports on the blog.

Goal # 1 $1000.00 in emergency fund by Christmas 2008

Resolution: I will continue to develop additional streams of income to fund this account.

Resolution: I will resume my notary loan closings and do at least 4-5 per month with proceeds going to Emergency Fund.

Resolution: When emergency fund reaches $1000, all additional streams of income will be diverted to Goal #2.

Goal #2 Paid off All Credit Card Accounts by New Years 2008

Resolution: I will send all additional funds to Credit Cards until paid.

Resolution: I will put home improvements on hold until paid off.

Resolution: I will put off all major purchases until Credit Cards are paid off.

Resolution: I will use Snowball and Snowflake method to pay them off.

Goal #3 Double revenue from Grooming Shop by September 1, 2008

Resolution: I will maintain newspaper ads in local papers weekly.

Resolution: I will continue referral rewards for current customers.

Resolution: I will make reminder calls weekly for scheduled appointments.

Resolution: I will continue to look for additional opportunities for income, ie, training classes, photography, retail sales.

Gosh, I think that is enough to keep me busy for a year. And now that I have my goals and the first steps to achieve them, I can start breaking it down into smaller goals and steps. That, my friends, should keep me busy for the rest of this year.

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Comments

3 Responses to “New Years Resolutions Or New Years Goals”

Mrs Mom on December 23rd, 2007 11:15 am

What an excellent post. New Years “Resolutions” never seem to last more than 30 minutes in my life, but breaking htem down into GOALS is a fantastic idea. Lately I have found that keeping things in “micro- steps” has helped tremendously- I will apply that to the New Years Goals of this year!

Wishing you a Merry Christmas, and a SUCCESSFUL 2008!
Mrs Mom
Snowflake Revolution | Oh My Aching Debts on February 18th, 2008 8:43 am

[...] had planned to start snowflaking my debts with the New Year but I have been pretty focused on survival for the last 45 days. Now that spring is in the air, [...]
Goals Review: What's Working and What Isn't | Oh My Aching Debts on February 28th, 2008 7:57 pm

[...] by code poet It’s been 2 months since I posted my Goals for this year and I thought I should go back and do a short review. You can read my New Years Goals here. [...]