Financial Goals for 2016: Mid-Year Review

And just like that, the first half of the year is almost over! So here’s my reality check.

Statuses:

  • Completed! as in done/finished
  • On track – met based on budget file
  • Not yet started – not yet started based on target start date on budget file
  • Quite – met but budget not followed (either there was a decrease/increase)
  • Not met – target not met based on budget file
  1. Religiously pay SK-LU. 5 months to go! Excited to mark this as completed!
    • Mid: Completed! – Last payment made this month! Ahhhhh, so happy happy!
  2. Save 50k for processing of papers for SK-LU. After completing the payment in June, I’ll have the same budget reallocated to this.
    • Mid: Not yet started
  3. Religiously pay SK-Silang. 2 years to go.
    • Mid: On track – many more months to go :p
  4. Save 50k for lot processing of SK-Bgo. 
    • Mid: Quite – too many reallocations
  5. Save 35k for CR of SK-Bgo
    • Mid: Quite – too many reallocations
  6. Increase EIP allocation to 3k/month
    • Mid: On track – started March 2016
  7. Increase MF to 20k (carry over from previous years)
    • Mid: Quite – still catching up with the savings but haven’t made any deposits to FAMI yet
  8. Add 20k-30k to COL 
    • Mid: On track
  9. Save 80k for Project BD (new in my budget file)
    • Mid: On track
  10. Religiously save 3k/month for niece’s tuition
    • Mid: On track – I can’t wait for her to graduate hahaha!
  11. Set aside a Tulong fund
    • Mid: Quite – too many reallocations
  12. Continue saving for an international travel
    • Mid: On track
  13. Set aside 10k for December 2016
    • Mid: Quite – too many reallocations
Let’s see what the year end update will look like.

Goals for March 2016

While I did not do well with my goals for the past 2 months, I’m still not giving up.

For March 2016:

  1. 10,000 steps a day or a total of 310,000 steps for the month
  2. Kick off C25K training
  3. Cut-off cable subscription by making daily follow ups with Sky Cable
  4. Complete The Project Management: The Basics for Success course at Coursera.org and pass the weekly exams
  5. Change blog theme
  6. Visit Pinto Art Museum
  7. Finalize insurance update details
  8. Fix UP AWOL status

Will update by end of the month.

Update: Goals for February 2016

Update on my goals for February 2016:

  1. 10,000 steps a day or a total of 290,000 steps for the month – FAILED
  2. Kick off C25K training – FAILED
  3. Cut-off cable subscription. I seldom watch TV nowadays, plus I bought a TV Plus from a colleague last year and a DVD player, so that should be enough. – QUITE (Just because no one has replied yet to my email, and no one has been answering their hotline for ALL the times I contacted them. Today, I tried their Contact Us page in their website but it’s returning an error that’s not user friendly….hay naku! I also tweeted them. Hopefully, they will reply.)
  4. Read one non-romance book – FAILED (I was into reading personal finance and Frugality blogs for the past months)
  5. Complete The Project Management: The Basics for Success course at Coursera.org and pass the weekly exams – FAILED (and I suck.)
  6. Meet with insurance agent to process update of insurance details – QUITE (Since I’m still not decided whether I will have it fully paid up or not…but I will meet with her next week and hopefully, I’ll have a decision by then.)
  7. Plant pechay – SUCCESS (with the planting…growing it is another story…)
  8. Get back to the daily bible readings – QUITE (Started it but skipped some days. Doing better this month.)

I am not quite pleased with the results. Need to have a reality check with myself.

Financial Goals for 2016

While I mentioned in my 2016 goals that I have the same financial goals as last year, I decided to make a separate post about it because it’s nice to go back to it by year-end and check whether I was able to make it or not. Besides, it adds a little more pressure in meeting your goals when it’s out there for the world to see.

And so, here it is, basing it from my budget file for 2016.

  1. Religiously pay SK-LU. 5 months to go! Excited to mark this as completed!
  2. Save 50k for processing of papers for SK-LU. After completing the payment in June, I’ll have the same budget reallocated to this.
  3. Religiously pay SK-Silang. 2 years to go.
  4. Save 50k for lot processing of SK-Bgo.
  5. Save 35k for CR of SK-Bgo
  6. Increase EIP allocation to 3k/month
  7. Increase MF to 20k (carry over from previous years)
  8. Add 20k-30k to COL
  9. Save 80k for Project BD (new in my budget file)
  10. Religiously save 3k/month for niece’s tuition
  11. Set aside a Tulong fund
  12. Continue saving for an international travel
  13. Set aside 10k for December 2016

I tend to use codes for my financial goals for some level of privacy still. Feel free to email me if you are curious about those hehe.

I already have 4 months parked for my safety fund. I originally planned for 6 months because of my parents, but since they both are now with Papa God, I’ll stop at 4 for now. I’ll add when excess funds become available.

No room for luho. Push lang. And just to stay focused, I’ll now have quarterly reviews.

Goals for February 2016

What?! Second month of the year already? And after this comes my birth month again? Tatanda na naman?! Can we have a pause button for a while? Hehe. 
 
For February 2016:
  1. 10,000 steps a day or a total of 290,000 steps for the month
  2. Kick off C25K training
  3. Cut-off cable subscription. I seldom watch TV nowadays, plus I bought a TV Plus from a colleague last year and a DVD player, so that should be enough.
  4. Read one non-romance book
  5. Complete The Project Management: The Basics for Success course at Coursera.org and pass the weekly exams
  6. Meet with insurance agent to process update of insurance details
  7. Plant pechay
  8. Get back to the daily bible readings
Will update by end of this month.
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