Resolutions for 2006
In December, I start to reflect on the year that's almost complete and begin looking forward to new new year in which I can use the opportunity to resolve to improve some aspects of my life. Here are my resolutions. (These may change all the way up to December 31, so check back for updates!)
First, some of the financial resolutions:
* I set up a preliminary budget this month. In 2006, I will solidify, improve, and stick to my budget for the year, and through regular updates here, my readers will help me hold myself accountable.
* I will negotiate for (and to the best of my ability receive) a higher salary and promotion based on the work I have done this year. I will also continue interviewing for new positions.
* With any positive result of the above resolution, I will increase my 401(k) investment.
* I will move out of this apartment, and between rent and transportation, cut my expenses.
* I will continue to increase income through technology consulting side projects, operating as a sole-proprietorship. I have received a Federal Employer Identification Number which will allow me to pay individuals who work for me. Hopefully this will result in some passive income as well.
* In 2006, I will keep receipts in preparation of itemizing business-related deductions for the tax year.
Some of the non-financial resolutions:
* I will get more exercise.
* I will focus on my courses more and won't procrastinate (as much as I do now) the work that is due.
What are your resolutions? Feel free to leave them in the comments or trackback from your own blog if you have one.
This post was brought to you by Consumerism Commentary. More comments (1) may be found here.
What a year! In my personal finances, Ive mad some advances, but not without letting a few things fall between the cracks. The market turned sour in the last week of the year, and that had too much of an effect on my investment balances ... Read
This has been the final weekend scheduled for me to volunteer with a certain organization. Since the end of September, one day a weekend -- sometimes two days -- was spent running marching band competitions for various high schools throughout New Jersey and New York. Read
If you continue reading, you'll see my balance sheet and income statement for the end of October, 2005. Progress has been slow this month. Some comments about my balances are below the chart. Read
Flexo -
I would like to provide posts similar to yours; I am 25, married, and I keep close tabs on my personal finances via Quickbooks. I am pretty hyper about it, and produce a monthly trial balance, and annual financial statement (complete with statement of cashflows, foonotes and management discussion and analysis.) Please provide me with any information you can regarding the arrangement you have with Consumerism Commentary (specifically, any revenue-sharing).
Thanks!
