Frugal | My 2008 Financial Goal and a Chance to Win an iPod!

My 2008 Financial Goal and a Chance to Win an iPod!

Posted by Lynnae on November 27, 2007

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I have lots of goals. To get out of debt, to live more frugally, to use my resources wisely….and the list goes on. My problem with meeting these goals is often motivation.

When I first heard about the contest at Cash Money Life, I really wanted to come up with a spectacular goal, like getting out of debt completely in 2008. Unfortunately, life got in the way, and I can’t set a goal like that. Without a regular income right now, I have no way to set a concrete plan to meet that goal.

I also wanted a goal that would take all year to meet. I’m pretty good at setting small goals, like “cut my grocery budget by 10% this month.” I’m not really good at setting and meeting long-term goals.

Taking all of these things into consideration, I’ve decided that my 2008 financial goal will be to read one personal finance book every month for the year. Reading about smart money management will keep me motivated to stay on track in my quest to reduce debt and live a more frugal lifestyle.

I’m not completely sure which books I’ll read yet, but I think I’ll start out with Your Money or Your Life. I’ve heard so many good things about it that my curiosity is up. I need to find out why there’s so much buzz about this book!

Trent at The Simple Dollar also recently published the list of books he read over the last year, so I’ll peruse that list and pick the books that sound interesting to me.

So there you have it. My goal for 2008 is to read 12 personal finance books in 12 months. And of course I will share what I learn with you, my readers!

So what is your financial goal for 2008? And I know you’re dying to know how to win that iPod. So here’s the deal.

Patrick at Cash Money Life is giving away a 4 GB iPod Nano and 3 books on Financial Planning. Share your financial goal on your blog (or in the comments on his site if you don’t have a blog) to win. Also, to be entered in the contest for the books, subscribe to his feed. Don’t worry. He’s got a great blog. Once you subscribe, you’ll wonder why you didn’t subscribe before!

Head over to Cash Money Life to read all of the rules for the contest!

If you enjoyed this post, make sure you subscribe to my RSS feed!

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Comments

15 Responses to “My 2008 Financial Goal and a Chance to Win an iPod!”

  1. Patrick on November 27th, 2007 6:59 am

    Excellent goal! Thanks for sharing my contest with your readers, and good luck! ;)

  2. MichelleH on November 27th, 2007 8:50 am

    Hi,
    I’ve been reading “Your Money Map” by Howard Dayton. It’s really good. I’ve also read great reviews on “Your Money or Your Life”. I think I’ll try to read it this coming year too. Who’s better– Amazon or Half-com on used book prices?
    Thanks,
    Michelle

  3. debtdieter on November 27th, 2007 11:15 am

    That’s a great goal, I might have to borrow it for myself!

  4. Lynnae on November 27th, 2007 11:16 am
    @Michelle - Most of the time I find better prices at Amazon, but it never hurts to check half.com, too.
  5. Mrs. Micah on November 27th, 2007 12:23 pm

    That sounds like a good one! :) I love Trent’s list, it helps me pick some of my pf reading–though I’ve also read books before he got to them.

  6. Jen on November 27th, 2007 2:06 pm

    I read YMOYL years ago when it first came out, and it was really good. I’d like to pick it up again and see what else I can improve. I believe there is a YMOYL website with forums from people who are learning to use and who are using the system successfully. The only criticism I’ve heard is that there is a focus on saving money by having fewer (or no)children, which doesn’t sit well with frugal families who have many children.

    Dave Ramsey also gets a fair amount of praise for his debt elimination system-his is another one I’m going to check out.

  7. Lynnae on November 27th, 2007 2:39 pm
    I’m definitely going to give one of Dave’s books another read, too. Dave Ramsey is always good for motivation. I think I’ve read most of his stuff already, though.
  8. theuns on March 21st, 2008 9:22 am

    my goal is just to compleatly get out of dept!

  9. Jane Doe on April 27th, 2008 4:43 am

    I have the same problem with motivation and with the fact that my income is not regular. But you seem to have a good idea to start reading financial books. I will do that to.

Trackbacks

  1. 2008 Financial Resolutions | Cash Money Life
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  5. You Tell Me: Favorite Personal Finance/Frugality Books? | beingfrugal.net
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