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Mid Year Goal Assessment

July 1st, 2008 at 02:49 am

So here we are, already half-way through 2008!

Time to take stock.

I've posted my goals on the sidebar, and so far, I'm not terribly happy with my progress. I really doubt that I'll either save 15% of my income OR lose 15% of my weight in 2008.

So far, I've saved about 5% of my income. This is far less than planned. On the other hand, one thing that I did not really take into account sufficiently in setting my goals is that I suffered a fairly big salary cut (17%) back in September. I'm still getting used to living on a reduced income. I did well at saving last year because I had more income. Now I'm living on less income *and* prices are higher--yet I've still managed to save *something*. So I really should be happy about the savings that I *do* have.

I did have some "extra" expenses during the first half of the year (medical bills, a plane ticket, and $560 worth of textbooks for courses I am taking), but I'll probably have about equal "extra" expenses during the second half, as I am having a home repair done, and need to take my car in for inspection. There's usually about one $300-$500 car repair bill during the year and I haven't had one yet, so I won't be surprised if something of that size needs doing in July when I get the car inspected.

Food costs haven't decreased at all--not surprising given inflation but there are still some bad habits I can improve on. I'm going to try to be more mindful of them as the year progresses. If I can make some changes habitual over the summer when my workload is lighter, perhaps some of that will carry on through the fall.

Weight loss isn't happening--I *did* lose 9 pounds during Jan and Feb, then gained it back in the interval since then. Going to try to lose it again during July and August.

Career change progress, mortgage paydown, and investing are going reasonably well. The market is down horribly as are my retirement assets, but I'm in for the long-haul so not panicking over short-term decreases. I *do* think we're in a recession, but recessions don't last forever. The economy will turn up at some point and I'll be in the market to take advantage of the increase when it does.

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