2019 New Year Resolution progress

2019 New Year Resolution Progress: Quarter 2

In January, I set 5 goals for the year as New Year Resolutions. I set goals for each of my four overarching principles: finance, knowledge, kindness and health.

 

At the end of the first quarter of the year, I posted an update on our progress to date. We’ve now just entered the second quarter of the year, so here’s my quarter 2 update.

 

Finance goals

This year I set one primary finance goal… To get our standalone emergency fund up to 3 months of expenses, which is just under $15,000.

 

As outlined in my first quarter update, there were some unexpected emergencies/breakages early in the year that had impacted our emergency savings considerably.

 

Well, unfortunately, the theme  continued throughout the second quarter of the year. From a dead dishwasher, to a burst water pipe, to a broken pool pump and filtration system… The flow of unexpected expenses continued at high velocity.

 

Throughout the second quarter, unexpected/emergency expenses came in just under $3700.

 

Despite this, we’ve still managed to double what we had in this account last quarter from $2500 to $5000. So, we’re at least a third of the way to the goal, at the half-way point of the year.

 

2nd quarter progress: A third of the way there.

 

Knowledge

As I outlined in my new year resolution’s post, I have never been much of a reader. Other than textbooks for education purposes, books just simply haven’t been my thing.

 

However, as outlined in my quarter 1 update, since setting my goal to read at least one book per month, I’ve become a bit of a book worm.

 

Throughout Quarter 1, I read 9 books, which is equivalent to 3 books per month. This was a triple return on my one book per month goal! 

 

This quarter, I have continued this trend by reading 10 books. Additionally, I half read two more books (before getting so bored, I just couldn’t finish them!).

 

2nd quarter progress: Have achieved my goal for the year!

 

Kindness

The kindness goal I set for myself this year was to be more charitable/giving. When I set this goal, I wasn’t sure how I was going to achieve it. I just knew that I was feeling disconnected from my younger, more altruistic self and wanted to be better in this regard.

 

As outlined in my Quarter 1 report, I started up a tuckshop in my workplace to raise funds for financial donations to charities.

 

I’m happy to report that I’ve now resolved the theft issues and the tuckshop has been pretty successful. Consequently, my tuckshop set up has enabled me to double my fortnightly financial charitable donations throughout Quarter 2.

 

Additionally, I have become a KIVA lender. KIVA is a non-profit organisation that crowdfunds money to fund loans to help people create opportunities for themselves and their local communities.

 

2nd quarter progress: Still on track.

 

Health

Drink less alcohol

At the beginning of the year, I set a goal to drink less alcohol. Throughout the first quarter, I did really well with this goal. However, I didn’t do quite as well throughout the 2nd quarter with this goal.

 

I have done well with my no more than 9 drinks per regular week goal, only breaking this once in quarter 2.

 

I have however had three(!) hangovers throughout the 2nd quarter. The first one I got was from attending a beer festival in late April, where I tried roughly 25 different beers and ciders. All up, this was about equivalent to 7-8 beers over a 5 hour period.

 

Similarly, my other two hangovers occurred after consuming about 7 drinks over an afternoon and evening.

 

Before reducing my alcohol intake, 7 beers on a night out or at a get together would have barely had an effect… But, as to be expected, cutting back on alcohol consumption has decreased my tolerance significantly! I will keep this in mind throughout the rest of the year in order to try and stick to my resolution better.

 

2nd quarter progress: Slipping a little – time to get back on track!

 

Do more muscle strengthening exercise

As I’ve spoken about previously, I am pretty active from a cardio perspective. However, when it comes to strength exercises, I’m pretty useless.

 

As a result, I set myself the resolution to do 15 minutes of strength training 3 days per week and 15 mins of stretching exercises 2 times per week.

 

I did really well at this goal throughout April and May. Throughout this period I was doing yoga a few times a week, stretching most days and doing weights a couple of times a week on average.

 

However, since the start of winter, I’ve really slipped with this goal and have barely done anything in this space for weeks. Throughout the third quarter of the year, I really need to pick up my act in this space.

 

2nd quarter progress: Improvement on quarter 1, but still not nailing it! Improvement still required!

Conclusion

Throughout the second quarter, my new years resolutions have had highs and lows.

 

Overall, I’m not a miserable failure, but I still have a lot of room to improve in order to meet these goals for the rest of the year!

 

Cheers, TFC.

Posted in My Financial Journey.

The Flawed Consumer is a Gen Y consumer that is on a mission to achieve wealth simply by changing spending and lifestyle habits.

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