Dropping the ball

At the beginning of every January, my biggest concern is usually how massive my hangover headache will be, and how much Tylenol I'll actually be consuming to ring in the new year. I have slight justification, because my birthday is January 1 -- but as I get older, I realize that celebrating by mixing the trifecta of alcohols for one night is not only a terrible idea, but leaves me nothing else to look forward to. I got my practice in this weekend anyway. (Thanks MrB!)

Without further adieu, I've made a few resolutions for 2009:

Read books. Easy enough, right? Maybe... Ever since signing up for not one -- not two -- but five magazine subscriptions, I've had little to no time to catch up on what I really enjoy: Books. I've decided not to renew my NY Review of Books and New Yorker magazines, opting to spend my free time on the dozens of books I bought but haven't picked up in the last year. My goal? Finish at least one book a month, on top of my additional reading. (WI Natural Resources, Lapham's Quarterly and Time magazines.)

Participate in a marathon. Initially, I had decided to run a marathon, but because I pulled my quad back in October, I sometimes have trouble running. Even if I can't run the day of the race, I can still prepare myself for a large feat of athleticism with proper training. By training for something this big, I'll also be able to tailor my diet and work on cross-training with different equipment, including weight lifting, to stay healthy all around.

Visit another country. I left this a little broad, but my main goal is to visit Europe before the end of 2010. Now, I might leave the U.S. this coming February by taking a short cruise to the Bahamas when I go on vacation to Florida. (Apparently, you need a passport; which I have and haven't been able to use.) Otherwise, maybe India at the end of 2009, when my cousin gets married. Regardless of where I go, I want OUT.

Control my finances. Remember in college when you decided applying for a credit card would help solve all your money problems, because you could just pay it back later, when you had a real job? IT'S A LIE.

I've been plagued with controlling my spending since I became an adult. Now, it's time to budget. Mi madre graciously offered to help me, instead of paying credit card companies hundreds of dollars in finance charges, I'll make payments to her each month.

I also need to start budgeting. That means I can't just buy a new outfit at Express, or go out to eat for lunch three times in one week. I've got a set payment for my debt, as well as my car loan -- but how do I keep track of this beast? www.mint.com!

Mint.com is a free personal finance website to help track every aspect of my debt and income. I signed up a few months ago, only to watch my debt fluctuate while my stocks and retirement funds dwindled. AYE YAYE YAYE.

This weekend I took a closer look at how the site really works. After organizing and categorizing all my spending for the month of December, I could take a look at where most of my money was really going. I can track how much I'll set aside each month for my budget, including car payments, gas, groceries, other bills and extras.

I can set limits on how much I'll allow myself in each category, and get an email when I go over budget.

It's easy to set up, and I can monitor all of my accounts on one site, including my 401K, IRAs, mutual funds, credit cards, car loans, checking and savings accounts; instead of logging into each site separately.

Here's to looking up, and saving some this coming year.