2017 New Years Resolutions

Happy New Years, everyone! 2016 is over and it’s now 2017. And with every new year means new resolutions and challenges to achieve!

If we look back on 2016, I have written a total of 4 posts:

While not much, I hope to keep writing for the year of 2017, with a publishing schedule of one post a week on Mondays at 07:00 AM PST.

For 2017, I would like to go more in-depth about:

  • Financial Independence/Early Retirement
  • Churning and Travel Hacking
  • Budgeting and Minimalism
  • Net Income Reports

With that said, I’d like to start off this year by challenging myself to budget my spending on-time and daily. This would allow me to understand where my money is being used without any programs or services like Mint or Personal Capital. To do this (and if you would like to join me), I created a spreadsheet on Google Drive.

The layout of the spreadsheet looks like this:

There are a total of six columns (you can add more if you would like): Name, Date, Price, Occurrence, Card, and Description.

With each transaction I make in a day, I would create a new line detailing the item on my smartphone, as the spreadsheet will be available everywhere as long as I have the Google Drive application. This would allow me to track and categorize my spending instantly.

For example, if I purchased a toothbrush from Walmart, I would enter it into the spreadsheet like so:

While it is a simple challenge, the main purpose is to develop a daily habit to track and record where my money goes on a daily or even yearly basis.

With that said, what are your 2017 New Years Resolutions? Do you have anything cool planned out?

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5 thoughts on “2017 New Years Resolutions

  • January 9, 2017 at 10:38 am

    I like to plan for early retirement, but I don’t know if I would actually retire early (feel like I would not have enough things to do). I read in a magazine that a lot of early retirees are actually having more health problems than their peers who continue to work……weird. Anyway, best of luck in 2017!

    • January 9, 2017 at 10:45 am

      Hi SMM,

      I definitely agree with you! Planning for Early Retirement is easy, but when it actually comes time to retire, there might not be enough things to do with all the free time we suddenly have.

      To counteract this, there’s always the possibility of working part-time, picking up new hobbies, or falling back in love with old hobbies.

      While I’m not sure about the health problems part, I believe as long as the individual is happy with their life at that point in time. Everything will be just fine.

      Best of luck to you in 2017 a well!

      Smart Provisions

  • January 20, 2017 at 10:26 am

    Tracking your spending is a good idea. You’ll be able to see where your money is going and then maybe catch yourself from spending too much in a certain area like fast food, bars, etc. One thing I’ll tell you, you dont really need to buy as much stuff as you think you do. Delay all the electronic upgrades. Develop some discipline and self control. If not, after the fact you will probably regret spending so much on stuff that doesnt matter that much. Im not suggesting you just hoarde your money. But from my own experience, I’d rather have more financial security and just buy things I want more selectively and less often. You really wont miss it.

    • January 20, 2017 at 2:44 pm

      I agree with you, Arrgo.

      Recently, I’ve been wanting to upgrade my cell phone to the latest Google Pixel or even iPhone 7 Plus. Can you believe that these phones cost about $1,000? But in actuality, I don’t have to upgrade because my phone still works fine and if I continue using my phone until it breaks, maybe something new and even better will come out by then and save money by not keeping up with the “Joneses” (the latest technology).

      • January 20, 2017 at 5:56 pm

        Yea what they want to charge you is too much. I usually keep my eye out for a deal and seek out value that is reasonable. The latest phones are nice but at what cost? They seemed to put out some good cell phone deals for Black Friday. TIme will fly by then see what deals are out there later this year. And if you do spend a little extra for something you like, just take care of it and keep it for a long time.


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