New Year, New Goals

Happy New Year (though a few weeks late)!

Between family illnesses, deaths in the family, a house robbery, the economy, and near social work burnout/disenchantment as a result of aforementioned family illnesses, 2014 was not the best year for me.  Of course, there were a few bright points, such as the love of my friends/family/coworkers, several fun vacations (which I will write about later), and the SF Giants winning yet another World Series.  With a new year comes a clean slate and the hope that this year will be even better than the last!

I'm not one to make New Year's resolutions because I never keep them.  However, looking at my finances, I really did not do well when it came to making/saving money last year.  While part of that was due to unforeseen circumstances (such as an emergency trip out of the country and unexpected medical expenses), I also made the conscious decision to not cancel my pre-planned trips and dip into my savings account.  Additionally, I cut back on my work hours in the latter half of 2014 due to job/life burnout.  With the new year, I've upped my work hours again and plan to keep working as much as I can to pay for a family trip this spring and travel in the summer.  My main goal for this year is to make more than I made last year and save significantly more.

Late last year, I found out (to my chagrin) that despite being told otherwise, I do qualify for my one of my job's 403b program as a per diem employee.  I immediately signed up for an account and am putting in 80% of my earnings to make up for several years of missed contributions.  Currently, my savings goals for this year are as follows:
-Max out my 403b contribution
-Max out my IRA contribution
-Max out my HSA contribution
-Recoup the money I took out of my savings account last year

It's not going to be an easy task, but I certainly think it's doable.  Working to my advantage are the fact that I'm still stuck at home (as per cultural expectations) and probably won't be buying/renting anytime soon as a result of ridiculously inflated prices in the Bay Area.  I realize that despite where I live, I'm probably in a better financial position to meet my goals compared to social workers in other parts of the country, and hence consider myself really lucky.

As always, I have every intention to travel, though I'll probably have to budget my money a little better than last year.  More on that later!

I really hope to do more writing this year as I'm out of practice!  Thank you again for your continued support of my blog, and please come back soon! 


  1. Welcome back. I always enjoy reading your blog posts. And good luck with your savings goal! It's so tough, I know....


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