Monday, January 2

My Frugal Miser - 2017 Goals

Happy New Year!

Once again it's time to lay out the annual roadmap.  Publishing my goals keeps me accountable:  it's a constant reminder of what is important to me.

  • Simplify
I'm still using Quicken to manage my money, which I wanted to replace last year.  First, I need to consolidate bank accounts and really make managing my finances a piece of cake.  They aren't that complicated anyway, but I have too many accounts at too many banks.

Once I close some accounts, I've got to figure out what to do about Quicken.  Do I buy a better computer and upgrade to the latest version of Quicken?  Or do I find something else to use?  It's been broken for so long.  I need financial software that properly downloads and reconciles transactions and produces accurate, actionable reports.  

I also want to be more loyal to fewer companies.  If I only stay at a couple of hotel brands I could earn better status and more points.  
  • Debt:  Reduce outstanding debt to less than $150,000.
I am closing out 2016 with about $221,000 in debt, a $40,000 reduction from one year ago.  I'd like to reduce it by $50,000 in 2017.
  • Spending:  Spend less on vacations and entertainment.
We love to travel, and I like the game of finding a deal.  However, we've probably been traveling too much.  In 2017 our big experience will be the summer trip to Iceland and mainland Europe.  For the rest of the year, I will gamble less, take fewer trips, and be very mindful of our spending when we do go somewhere.  I have to remember that when we spend a week out of town, I am also foregoing a week's wages.

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