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.
Goals 2008
December 27th, 2007 at 05:53 pm
December 27th, 2007 at 06:31 pm 1198780265
December 27th, 2007 at 07:17 pm 1198783054
December 27th, 2007 at 09:40 pm 1198791638