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Financial Goals for 2016

It's been a week of 2016 and I've been thinking about money a lot. My aim is to save money and become debt free but that's not going to be achieved in 2016. It's going to take me at least 4 years to become debt free so rather than leave it up in the air I have decided to make some financial goals for this year.

When I think about this year and what I want to do, the first thing that pops into mind is that I would like to learn to drive. This would be big for me as it would allow me to take on more clients if I wasn't relying in public transport. I could branch out to other areas that before would cost too much in bus fares which would in the long term make us money.

I would love to go on holiday abroad. Neither of the agents have been outside the UK so it would be great if we could go on a wee break to say Spain on France *cough Disney cough*. Wherever we end up going we will all need passports, new clothes etc. which all costs a lot of money.

In terms of making money I would love to take more night classes on nails and maybe a make up course to complement my hairdressing qualifications but again, although these courses will allow me to make money, I first need to be able to pay for the courses.

It's ironic how the best ways for me to make money involve me having to spend a lot of it first.

So back to the goals for 2016 ...

This year I'm going to try to do the following
  • Put past £15 per week in order to build some savings. That would give me £780 by the end of the year. That could be a nice little second hand car to run around in (provided i learnt to drive).
  • Continue to make payments as agreed with companies I owe money too so that I am on the road to being debt free. 
  • Stop wasting money on things like coffees, buying lunch at college or the odd magazine (though that's a once in blue moon thing anyway). It's just money down the drain that I don't need to spend and could be better served elsewhere like a nice family day out together .
  • When i get a £2 coin, I'm going to put it past in a jar. Its a rarity that i get a £2 coin so its not like I'm going to put £20 away that i need. I might not miss £2 every now and again and come the end of the year i could have a nice little pot of money that can be used to get a new winter coat or a pair of boots.
  • I'm going to save 20% of the profit i get from clients and add it to the savings pot on top of the £15 a week. I might manage a grand if i get enough clients by 2017 which would be one ticked off my 101 things in 1001 days.
  • Get my food shop down to under £60 a week. Recently our shopping as been anywhere between £60 and £90 which i just ridiculous. Most of that gets wasted too because when i get in I'm too tired to cook so we order in. I'm going to try not to do that any more cause I'm just throwing the money away at this point.

I think that these goal are manageable and with any luck by the time the new year rolls around i will be a bit better off and wont have to try and scrape together change to get a carton of milk :(

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