The Saved Quarter Challenge~ 2012~ #1
Once again, Penny at the Saved Quarter is starting up her "Saved Quarter Challenge". I did participate in Saved Quarter Challenge last year and was successful in planning and saving for my $500 Holiday Challenge. This year the focus of her 2012 Challenge is more Goal Oriented. Decide what you want to accomplish and set the objectives and work the plan to succeed.
Here are my objectives for this year's challenge.
1. Eliminate our Credit Card Debt which is currently hovering around $11,000.00.
This will require at least an additional 1,000.00 dollars a month in earnings to accomplish this goal. My current situation is that of a full time caregiver for both my parents. I put my career as a sonographer (ultrasound tech) on hold for the duration. My husband's income covers our current bills, and not much else. For now we are living at my parents until mom is finished with radiation therapy. Our plans will be to move both my parents out to our home so we can care for them until my mom regains her strength. Mom is in agreement to contribute to the household income while she and dad are living with us. It will be tight, but doable.
2. This year I joined the Online Money Bloggers 30k challenge. In order to successfully complete the challenge I will have to earn $2500.00 EACH month via my blog ad revenue or Virtual Assisting jobs. I currently have a small client base that I provide proofreading/editing for. Right now, I am not on track to see that $2500.00 this month, but it is still early yet. I am excited to learn from others in the 30k challenge.
3. Travel. This year I(we) want to travel to San Francisco. We have an abnormal obsession with Alcatraz and cannot wait to take a tour of it..... among the other attractions that San Francisco has to offer. There is also FinCon12 The Financial Blogger Conference that is a three day conference designed to bring together the best of the personal finance community so that we can network and learn. This sounds like fun!! The travel may have to wait, depending on my parents health status. But I am still planning for it.
Report of income for week 1: $4.00. Pretty sad, right? Sure is room for improvement here. I will wait till the end of the month and provide the income total and actually apply it to the debt.
How about you? Do you have any earning goals for your blog? Join along with Penny at The Save Quarter with her challenge.
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Labels: Saved Quarter Challenge 2012