A Story About Paying Off Debt and the Obstacles Along the Way

Putting My 2020 Goal-Setting Strategy Into Action

2020, You Don't Impress Me Much (Yet)

It's January 4th, and at the moment, I'm not really feeling the new decade.

(Sorry if the cheerful blog pic is misleading. I typed "disappointing new year" and "unimpressed 2020" into the Pexels search engine, but I guess those tags aren't trending.)

Maybe it's all the shit going on in the news: the intense heatwaves and massive fires in Australia, the scary unrest in the Middle East, the rise in hate crimes throughout the world, and the criminals... er, politicians... currently running the U.S. government.

Maybe I'm not over my emotional holiday hangover.

Maybe it's my stupid BFFs, anxiety and depression.

Or maybe it's that I'm still carrying baggage from 2019 (and earlier).

Maybe it's all of these and more!

...Yeah, probably that one.

My 2020 Goal-Setting Strategy

This year, I have a strong sense of having to start over, which maybe sounds exciting but doesn't feel exciting. Also, I still have this sense of being lost, which is disconcerting because I wasn't expecting to feel lost at 41.

Where am I? How did I get here? Where did I go wrong? Where am I going? Shouldn’t I know these things by now? 

So in 2020, in an effort to get more grounded, I’m shaping my yearly goals around the things I'm most excited about. I’ve chosen a couple of big challenges, but I’ve also purposely set myself up for what I hope will be some easy wins around things I love.

Additionally, I'm focusing less on work-related goals this year than I have in the past. I feel like I don't have much control over my current employment situation. I like what I’m doing now and don't want to rock the boat, but I wish my company was more invested in me. I worry about the longevity of my assignment (after studying my pay stub the other day, I realized that I’m actually assigned to the “Temporary Employee” pool).

At the moment, though, I don’t quite know how to make a change, or what change I’d even make. Jumping into something new for the sake of a higher paycheck seems like a bad idea.

So I’m letting it be and taking the wait-and-see track. If my current opportunity ends, I’ll figure out something else. And in the meantime, we’re brainstorming ways to cut costs elsewhere so that unexpected changes won’t affect us as much, and I'm taking advantage of my flexible schedule.

Anyway. After much thought, here's a list of my 2020 goals:

Running Goals

1. Participate in the 3-day stage race option at the TransRockies Run in August. This is my big event for the year! You can read about why I selected this race and why I'm so excited about it here.  

2. Participate in my town's summer race series. It's $200 for all six races; I'll be able to participate in five. At $40 per race (including t-shirts!), I figure that's a pretty good deal. Plus, it's local, so I won't have to spend much on gas to get to each event.

3. Run a couple of other races in the southwestern U.S. Specifics TBD depending on what strikes my fancy, race costs, and how I'm feeling.

4. Get lighter so that I can run more efficiently. I'm thinking maybe 10 pounds? I don't know exactly. My strategy is to cut out the food that I eat more out of habit than hunger. I'm addressing this by writing down what I eat every day. Much like tracking my spending, tracking my food intake makes me more aware of what I'm consuming, and being more aware of what I'm consuming makes me less likely to over-indulge.

If this works, great. If not, eh, whatever. I am not dieting.

Money Goals

1. Maintain our current emergency fund. It's at $10K for now, which still kind of bowls me over every time I look at our bank statements. To me, our e-fund represents all the progress we've made with our finances over the past few years. Of course, we're willing to use it if we need to, but the goal is to always build it back up to its current level.

2. Increase Fortysomething's contributions to his retirement fund by 2% by the end of the year. We're currently sitting at 8%, plus a 5% match from his employer. We'd like to increase our contribution to 10%.

3. Make $150/mo after taxes from petsitting. I have two regular clients at this point and usually meet this earnings threshold every month. 

4. Put most, if not all, petsitting earnings into my IRA. Even without an employer-sponsored retirement fund, I really need to make sure I'm socking some money into investments. I'm already working on this: yesterday I moved a recent $16 payment into my IRA. It's not much, but it's something.

5. Achieve a positive net worth. Guys... we may have crossed this one off the list already! I'll be writing a dedicated post soon, but basically, some high-performing Apple stocks (Fortysomething loooooves Apple) seem to have pushed us over the line.

Life Goals

1. Figure out what we're going to do about housing. This is the year we're going to make some decisions and (I hope) figure out how to lower our housing costs, which eat up an enormous chunk of our budget. 

We could continue renting our place (we love it, but it's expensive, and the rent will almost certainly increase in the spring). We could rent a less wallet-busting place (though finding affordable local rentals that aren't falling apart or run by shady landlords can be extremely tricky). We could buy a home, if we can get a suitable loan (see #2). We could return to the RV lifestyle (I'm not totally opposed to the idea, but it would require some massive upheaval, which I'm not sure I'm up for). Or we could move somewhere else entirely (for multiple reasons, nobody's thrilled with that idea - but the option is on the table).

2. Apply for a home loan. We're hitting the ground running on this: we submitted a pre-approval application yesterday! Fortysomething and I are both skeptical about our prospects given our limited funds and expensive town, but for the sake of Life Goal #1, we need to see where we're at. If we can't get approved for an amount that's commensurate with local housing costs, well, at least we've narrowed down our options.

3. Get involved in trail cleanup/maintenance. I plan to get involved with the Arizona Trail Association and a local cleanup crew in my neighborhood. Considering how much time I spend on these trails, it's a great way to give back. I also hope this will help me meet some new people.

4. Go on an affordable date every other week. Fortysomething and I don't go out much, but now that our finances have improved and our kid can stay home alone for an hour or two, I'd like to establish kind of a standing appointment. I'm thinking local brewery, Sunday afternoons. A couple of pints and maybe a basket of chips won't set us back too much.

Blogging Goals

1. Continue publishing ~4 posts per month on average. I've been doing this already, so I'm not going to overthink it. Just keep on keeping on.

2. Amplify other female bloggers in the personal finance space. Truthfully, I'm not always very good about commenting on posts, but I really do want to encourage and support other writers, especially women. So each month, I'm going to pick three bloggers and share their work as much as possible. This month, it's The Traumatized Budget (love), K. Wright from Money the Wright Way (my Lola Retreat roomie and now a famous NY Times-published freelancer!), and Frugalish Physician at Table for One (fellow cat lady, board game aficionado, and all-around good human).

(Note: Clearly these ladies don't need my amplification; that's not what this is about. I just want to hold myself accountable for promoting the community in whatever small way I can.)

What about you? What are your 2020 goals, if any?

I hope 2020 isn't a total dumpster fire, and I hope you're having a good new decade so far.

Or if not, I hope it gets better, and fast. You deserve a wonderful year.

P.S. Please for the love of god nobody tell me to cheer up. You don't tell a depressed person to cheer up. You don't tell them to write a gratitude list. You don't tell them things could be worse. You give them some chocolate and congratulate them for showing up.



  1. Awwww....I love that you described me as an "all-round good human". So sweet!

    You deserve a wonderful year too. Looking forward to hearing about your adventures.

  2. I definitely don't really feel any of that "fresh new year"ness this year either.

    I didn't truly set goals in the sense of actually picking things that are important and making a list. All that stuff (eating healthier, staying active, saving and investing) are just part of everyday life now. But they, as part of everyday life, take a lot of attention so I'm basically telling myself to keep doing all the new-normal things instead of goals for the year.

    We DO have to set home maintenance goals which sucks, though.

    Here's to a better 2020 than 2019 was!

  3. Love your goals! Especially to amplify other women in personal finance. I might steal that one!
    Here's to a great 2020!

  4. I think your goals are great, and I love that you're taking action on your most favorite hobby! I can't wait to see your recaps from the races. I don't care what anyone says, as you already know, you should spend money to live your best life. You're not buying new cars and Gucci bags. You're investing in yourself and doing something you love. I'm all about it.

    I am working on a post for my own intentions in 2020. I hope you'll pop by and read it when you have time and I actually get it posted. 2019 was so friggin' hard. It was one of my best/worst years yet. So much good, yet so much anxiety.

    I wish for all of us struggling that 2020 will be better, even though there are horrors happening all around us. Good luck friend. Know that we are all cheering you on.

  5. I have some holiday chocolate stashed in a drawer for you, friend. Anytime you need it.

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