At the start of the year, I set myself 11 goals (mainly financial) and I record my progress against them on a monthly basis. Below is my 2014 Financial Goals update for November. With only one month to go, I’ve achieved 8/11 goals, another 2/11 are pretty much there and failed on 1/11.
You can check out my original goals which I started in November 2013 here:
Equally, you can find a 2014 financial goals update for each month within the 2014 goals section of the site.
2014 Financial Goals Update – November
November continued my good run of months – notching up my 7th month of net wealth improvement on the bounce. I also managed to “complete” a couple more of my annual goals:
- YTD vs Total % shows my performance to date as a percentage of my total goal
- YTD vs Target % shows my performance to date as a percentage of my expected performance upto October (pro-rata)
As you can see from this update, I’ve almost achieved all of my annual goals!! Woo-hoo!!
In November, I “completed” another 3 goals, leaving me with only 2 goals outstanding, Unless something terrible happens in December, I should achieve the other two.
For Goal 1, I would be pretty upset if my net wealth fell by 30% in one month!
For Goal 4, I’ve got a direct debit already set up which would take me past my goal, so that should also be a complete by year end!
2014 Financial Goals Update – Year to Date progress
2014 Financial Goals Update – Top Successes in November
Three more goals completed this month and some good progress with others:
Goal 2 – Another positive net wealth month (up 4.4%) means that out of the 13 months recorded so far, I’ve had a positive net wealth change in 12 of them, which was my goal. I’m relieved to have achieved this as December tends to be a net spend month for most people and hence its good to have a little leeway going into Christmas.
Goal 3 – The same is true for the savings rate. Another month over 60% means that this is now complete for the year.
Goal 8 – This moves to a complete as Moneystepper expenses means that it is almost impossible that this will now be a fail for the year. Good times.
2014 Financial Goals Update – Top Failures in November
That feels good to say!
Moneystepper’s 2015 Savings Challenge
Its time to start looking to next year. I’m going to only work towards two goals next year:
- % Change in Net Wealth
- Savings Rate %
The big change for 2015 is that I want you to join me on the way!!
Check out our savings challenge and our new podcast for details of how you can get involved:
Let me know what you think of my 2014 Financial Goals Update for November in the comments below. Coming into the year end, how are you doing with your financial goals?