WCM New Year's Resolutions - Money Edition

Happy New Year!  As we flip to the first page of 2016, it's a great time for new beginnings. For the White Coat Money readers out there, I challenge you to come up with 3 New Year's resolutions that deal with money.  These should be challenging but achievable goals.  For example, paying off $200,000 student debt would not make a good resolution as it is very much un-achievable for the average medical student or resident.  Why 3?  Because best things come in threes - the Godfather trilogy, the original Star Wars trilogy (episodes IV-VI), Virchow's Triad etc.  And also because I can't keep track of more than 3 things.  Here are my 3 new year's money resolutions.

1.  Become debt FREE (except for my 6 figure student debt)

From the days when I took out 0% interest loans from credit cards to invest in the stock market to the occasional consumer rage spending spree, I have accumulated quite a bit of consumer debt - to the point that it is now my second biggest liability after my student debt.  Despite the fact that all of the credit card debt I have are at 0% interest, it hangs over my head because I know the bill eventually has to be paid at some point.  Instead of continue to run on this hamster wheel, I elect to get off and start exploring around the cage, maybe one day get outside and build a cage of my own...

2.  Max out my Roth IRA contribution ($5,500)

Normally this wouldn't be a problem as I have maxed out my ROTH IRA for the last 2 years.  However, given #1 above, squeezing the extra $5,500 out of my meager income this year for the ROTH IRA could prove to be tasking.  But I believe it is within reach, hopefully by cutting down on my consumerist urges and increasing my income via side jobs (Moonlighting, Uber etc).  After all, it's only $211.54 per pay period. 

3.  Save $1,000 for a Thanksgiving vacation

Traditionally I've spent Thanksgiving every year with my best college friends at one of their family's house in Battle Creek, MI.  However, as time went on and kids became older, we now have the need to develop a new Thanksgiving tradition.  Starting in 2015, we decided to take a group trip together for Thanksgiving every year.  This year, we took a short cruise to Cozumel, Mexico.  Our destination for 2016 is yet to-be-determined, but I do know I want it to be a good time.  And $1,000 should be enough to cover a decent 4-5 day vacation.

So those are my 3 new year's money resolutions.  One of the great things about running your blog is that I get to put these thoughts in writing for all of you to see and hold me accountable.  We will revisit this topic later in 2016 and see if I was disciplined enough to meet these goals.  What do you think?  What are your top 3 new year's money resolutions?  Let me know in the comments and I'll keep you accountable.