My Financial Recovery

Status Update On My Goals: Short Term Goals

Posted on: November 17, 2008 by Matt 1 Comment

I was not able to post much last week due to a particularly busy week at work; hopefully this week will smooth out a little bit.  It has been a little over a month since I posted my short term and long term goals so I thought I would take a little bit of time this morning and give everyone an update.  It feels great to be working in the direction of accomplishing goals and I think I have made some decent progress.

Short Term Goal Progress:

• Start building a relationship with a local bank: I opened a checking account with a bank in town.  My family has used this bank as long as I can remember and one of my sisters works at a branch. I even opted to make my local bank my primary bank due to the great checking account interest (3.98% APR for a checking account, sign me up!).
• Continue to pay down debt: I have worked out an arrangement with the collection agency that has my “bad” student loans and have continued to pay the minimums on other student loans.  I also have a credit card balance of about $1,400 I have neglected to mention in the past.  I currently have been paying 3 to 5 times the minimum payment on this.  The balance is dropping quickly.
• Increase alternative and passive income streams: I have not done much here aside from my CashCrate earnings.  In the past 3 months I have made a little over $100 with CashCrate by completing the free offers.  I have not made any extra income by other methods yet.
• Increase blog traffic: Slowly but surely, traffic seems to be slowly increasing.  Nothing major to note here.
• Start my new niche project: I have been slacking.  I have done very little, perhaps after we move.
• Get more exercise: We are moving – going up and down the steep stairs where we currently live carrying heavy boxes and such qualifies as exercise in my mind.

So that is where I am currently at with my short term goals.  I have yet to review my long term goals and figure out where I stand on those but may have an update later this week.