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It’s nearly May, meaning we’ve almost reached the halfway point in 2016. I don’t know if I’ve ever had a year speed by like this one. I believe that happens when we experience several significant changes in a short period of time. Despite the fleeting moments of early 2016, I am overjoyed to tell you that I have done well with my 2016 New Year’s Resolutions.
I am surprised, but also ecstatic. Who would have thought that this would be the year I took control of my life (and my finances)?
1. Pay Off 5 Debts
We have paid off 2 – not bad for 4 months. While I originally wanted to pay off all of the credit cards and Mike’s truck in 2016, I merged the debt snowball/avalanche methods to find something that works better for us. We have been able to pay off one credit card (Chase) and one student loan (Sallie Mae #1). I am proud. We’re knocking them out one step at a time.
2. Boost our Emergency Fund to $5000.
We are at $3000. I think that’s good considering we had to relocate and dip into that fund to help cover moving costs. I’m sure we can reach the $5000 mark by the end of the year.
3. Explore Denver.
We arrived 6 weeks ago, so we haven’t done this yet. I did make a list of things we want to do in Denver, so we’re moving in the right direction.
4. Complete my CDC’s.
I finally had my briefing on CDC’s, and I’ve started working on the first volume. There are 5 volumes total, each being anywhere from 150 – 200 pages long. I have one month to complete each. It may be harder than I imagined. Finding time has been difficult. With beautiful weather on the way, this may prove challenging.
5. Complete my CCAF degree.
Same thing as the CDC’s. They won’t let you touch these classes (I think I’ll only have to take 2 or 3) until you’ve completed your CDC’s. When the time comes, I’ll be ready.
6. Open a Thrift Savings Plan (TSP).
Check. I’ve opened it and I’m contributing 10%. I know that’s a low number for now, but we have priorities. Between saving for our emergency fund and saving for retirement, we’re contributing about 25% of our income. I may up this next year when we get a few more bills paid. As for now, I’m happy with 10%.
I have made great strides on these resolutions since January. I’m pretty happy with myself. The year is only going to get harder, so I can’t relax now. Thank you for all your support! How are you doing on your resolutions?