Patrick at CashMoneyLife.com is hosting the first Carnival of Financial Goals next Wednesday (December 5th). He’s asked people to write blog posts for the carnival, which will also be entered in a contest to win an iPod. The goal has to be SMART, and he’ll tell you what that means.
I was trying to think of my biggest financial goal for 2008 and then it hit me. I’m starting my new patchwork job and won’t have a guaranteed salary.
So, my financial goal for 2008 is to be earning $2000/month after taxes by the end of April, and $2500/month after taxes by the end of October.
I will be earning it through my job at the hospital, sewing, freelance, blogging, tutoring, everything I can get my hands on.
I’m sure that seems really low to some people. Well, Mr. Micah will be earning a bit, but we can actually live comfortably on $2000/month or so and make just more than minimum car payments. His student debt is currently deferred and we’re waiting until he’s working to deal with it (it’ll be deferred at least until next September and if I’m making $2500/month by then I can start putting money towards it). Maybe that’s not the best decision, but it’s the one we’ve made.
Specific, Measureable, Actionable, Realisitic, and Timely. I think my goal is pretty SMART.