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Goals 2008

December 27th, 2007 at 05:53 pm

First of all, thank you all for your comments.

I have been struggling with my goals this week. Good comments all around. Pure logic and rational me agrees completely with DisneySteve. On the other hand starting this year I will be paying for my own insurance ($1,258/month) and repaying the hospital ($500/month on about $16,000). So I think the smart thing is to increase my financial stability in the first half of the year and then start saving in the second half.

So my financial goals are as follows:

1) Pay of $6,000 in CC by May 1st
2) Pay of one car by August 1st (currently $5,700 is owed and last payment is 2/09)
3) Invest $10,000 by year end in Taxable assets
4) Invest $15,500 in 401(k)
5) Review and reallocate (if necessary) retirement funds by end of Q1

The only reason why number 4 is so low on the list is because I have been doing this every year for the last 5 or so years. So, I’m basically already set up for this and won’t feel the pain. Nothing like autopilot.

1, 2, and 3 all feed off of each other. If I can do 1, that money will roll into 2, which will roll into 3. I just need to do 2 things: Be more frugal and more disciplined.

So personal goals:

1) Be more frugal
2) Be more disciplined
3) Enjoy life a little more

So, these are my goals. I’ll track them here and see how the new year goes.

3 Responses to “Goals 2008”

  1. fern Says:
    1198780265

    You should post your goals in your profile. That way, you see them every time you're here and it's good reinforcement.

  2. Ima saver Says:
    1198783054

    Good idea, fern. Good luck with your goals.

  3. Englishteacher Says:
    1198791638

    Good luck!

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