How Do You Really Want To Feel?

I just want to start this off by saying Happy New Years Eve! Thanks so much for reading and being part of this! We appreciate it immensely and we can’t wait to hang out here with all you guys in 2015!!

So, I’ve been thinking about resolutions for awhile and what they really mean. I covered my financial ones in the last post, but I have some different resolutions I want to share with you here.

Two weeks ago, my workload finally started to lighten up and my holiday time off began. This should have been a time for celebration, but instead it provoked a time of anxiety. This always happens to me- I somehow thought my thirties would start off differently, but they didn’t. My to do list filled up quickly with all the items I hadn’t been able to do because I’d been working out of town. All the major projects (write my one woman show, learn to code HTML, take 6 new classes, find new sources of income, see every friend I’ve been wanting to see plus family, etc) I’d been thinking about came to the forefront and made their way onto my to do list. Plus, there were all the little to-do items like clean the apartment, get laundry done, make more to-do lists, and other small things that still take up time.

At the peak of my anxiety, my roommate casually asked me how I was doing. I told her that I should be doing great, because I have all this time off, but instead I was just worrying more about all the random things I “have” to do. My nerves were fraying when they should be resting.

My roommate told me that she used to get anxious about things like that, but a few years ago, she started concentrating on how she wanted to feel instead. She picked four feelings that she was really after, including feeling alive and abundant. When she started getting anxious or obsessed with to do lists, she went back to her feeling list. Was she feeling alive? If she wasn’t, she simply concentrated on her breathing. When you’re really concentrating on your breathing, you truly have to begin feeling alive- breathing is the literal definition of being alive! It’s at least a great start.

When she was feeling down, she remembered how she wanted to feel abundant. So she made lists of thing she was grateful for and good things that had happened during the day- they could be as small as ‘my apartment is warm. I’m so happy to have my coffee today.’ There’s always something that can make you feel abundant. Most of us live in first world countries- true abundance!

So I’ve stolen her idea (well, she generously gave it to me.) She even said I could use the feelings she chose. So I took ‘abundant’ for myself and you can too if you like. This year, my goal is to go back to the feelings I want to feel even if I’m feeling blah or anxious. Even when I haven’t done it for awhile. Even when I’ve forgotten for weeks. I don’t have to stay down- I can choose to feel differently.

For 2015 I’ve chosen to feel present, abundant, joyous, and radiant. It’s a lot to bite off at once, I know. But I will concentrate on one at a time.

I know it’s hard. I know it doesn’t always work- sometimes sad and anxious feelings take over, and that’s okay. It’s good even. Let them in! But you don’t have to make them permanent guests. Go ahead and choose abundance!

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How to Set Goals for Finances- New Years Resolutions Series

The countdown to 2015 continues…though hopefully no one’s standing outside in Times Square yet waiting for the ball to drop. You never know, though. I wouldn’t put it past people.

Anyway, I thought I’d kick off some New Years resolution money talk for thirty-somethings.

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Last year, I made a resolution to put 30 percent of every paycheck I received towards savings, student loan debt and retirement. I actually started doing this slightly before New Years so I cheated a bit.

I split up the 30 percent this way- 10 percent went into my Roth IRA, 10 percent towards my savings, and 10 percent towards my smallest student loan. (My largest student loan already had a crazy amount of money going towards it because its minimum was so high. But I digress.)

And I followed my financial resolutions through thick and thin for the whole year and am continuing with them. There was a moment where I even tried to up my payout percentage to 40%, but that was way too much. Other than that- the 30% resolution was actually quite simple: whenever I received a paycheck I’d log onto Chase.com and make my transfers. There was something extremely satisfying about the whole thing.

If you’re making financial resolutions for the New Year, my advice is much like Jane’s in her last post: break down the goal into easy steps. My financial resolutions last year were simply:

1. Put money into savings

2. Pay down student loan

3. Put money into Roth IRA

A lot less would have gotten done if I’d stopped there instead of making the simple breakdown of 10% from every paycheck towards each category.

So, if you have savings goals, save yourself a headache and break them down into steps that seem so easy as to be almost automatic. In fact, you can even automate the savings process by having your bank automatically put a certain amount of money into your Roth IRA and savings account every month. Just about all banks will do this for you.

Since I’m self-employed and am paid a different amount every month, I kept my process manual. Also, I get a gleeful joy out of manually saving money, but I’m weird like that.

Anyway, this year my financial goals are:

1) Pay extra $$ towards my BIG student loan

-This is broken down into the easy steps of

a) Finish paying down the little student loan the same way I was before. Just about done!

b) Put the 10% (plus the monthly minimum) I was putting into the small loan towards the big loan instead.

Tada!

2) Find a savings account that pays way more interest than my bank. 

– Done! I guess once more I cheated on this one…I did it last week before New Years. But don’t worry if you hate your savings account, I’ll talk about better ones in another post soon and help you set that up too if you like. For now, if you’re interested in how much you should be saving, I wrote about it here.

3) Switch my Retirement Plan from a Vanguard Target Date fund to a different Vanguard account now that I have more money in my Roth IRA. 

– This involves a couple of breakdown steps including investigating Vanguard’s other options and figuring out more about how to manually choose funds. I’ll explain why I’m doing this in another post as well. And if you’re interested in retirement plans in general (or if you don’t know what the heck I’m talking about), I talk all about why retirement accounts are important here and here and here.

Of course, there’s my fourth financial resolution which I haven’t yet broken down, and that’s:

4) Discover additional sources of income. 

I lied about not having this goal last year. I have this goal every year, and I’m always messing with the breakdown. There’s quite a bit of work ahead. Sometimes breaking down resolutions can be as tough as keeping them 😉

What are some of your financial resolutions for the new year?

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