Last year I made a series of money resolutions for 2008 and I thought it would be fun (as well as a way to hold myself accountable) to review how I did. Here are the results:
Resolution: Increase net worth by at least 12.5%.
Result: Nope -- missed it by a mile.
Resolution: Check our credit reports for accuracy. Need to do at least once this year.
Result: Unfortunately, I missed 2008. I need to get on this.
Resolution: Check credit score.
Resolution: Complete estate plan.
Resolution: Complete 2007 tax return.
Result: Did it, though we had a snag along the way.
Resolution: Update my wife on our finances. I do an annual PowerPoint report each summer for her.
Result: Did it. (And she loved it!)
Resolution: Give a good percentage of gross salary as offerings (in addition to tithing).
Result: Completed. Here are some of the places I supported.
Resolution: Continue my major investments rebalancing.
Resolution: Look for a new home.
Result: Did this -- and almost bought a new one.
Resolution: Earn additional income.
Result: I'm giving myself a partial accomplishment on this. I did earn extra income over and above my job, but it wasn't any more than the extra I earned in 2007.
Overall, I got most of the resolutions completed, but the big one (net worth) missed big-time. But I made some good moves and am hopefully now set up for a great 2009.
How about you? How did your 2008 money resolutions turn out?