canadiandebtgirl

Update: November Goals

In Uncategorized on December 2, 2009 at 12:54 pm

How did I do for November goals last month? Not too bad. Not amazing either. Here’s the November Goals post.

My goals were
– Make 50% of my Christmas gifts by November 30th.
– Decrease debt by $1000.
– Come under budget this month.
– Save money into tax account for small business.

Here’s how I did:

– Make 50% of my Christmas gifts by November 30th.
Nope, did not make half of my gifts. I still have about 80% to go!

– Decrease debt by $1000.
This might have been an ambitious goal. I reduced my total debt by $724.31 and my credit card debt by $526.78.

– Come under budget this month.
I did come under budget, but I haven’t formatted my budget to a way that allows me to share the exact numbers. I promise I will be setting this up for the new year so you can see where my money goes.

– Save money into tax account for small business.
Saved $627.97 into a tax account for my business taxes once I get around to doing them. I will be adding $150 to that this week.

I think I can improve upon my goals from November as well as add a couple small financial goals to them for December. Primarily my goals will centre around Christmas spending and travel since our families are both out of town.

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  1. What kind of small business do you run? Is it your sole source of income? I ask because I am setting up my own law practice and I’m finding it very challenging to budget right now because my income is so irregular. I would love to commiserate and share ideas!

    • Hi Jenn,

      It is a side business, not related to finances. I also have a full-time job, so luckily I am not depending on my business’ income solely. Yet. Eventually that would be a wonderful thing, but I don’t foresee it happening logistically for years and years. Plus in the industry my small business services, it would be hard to work M-F 9-5, which is what I like for my life right now. As it stands, I can schedule myself in for evenings and weekends when I feel like it. It my business was my full time job, I would be working evenings and weekends all the time to make the big commissions.

      I can only imagine it would be so difficult to budget anything with erratic income month to month…

      I’m keeping my business private from my blog, but let me know and I can send you the info privately! 🙂

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