It has been awhile since I have even looked at my list of financial goals for 2013. This year has been a whirlwind for a variety of reasons. Most of which you all are very familiar with. As with many things, I have been trying to get back to a new normal. Reviewing my Financial Goals is just a way to get through ( or over) the past and look forward to our new financial future. Here is the quick look at the the before AND the new after.
Pay off remaining Credit Card Debt. Balance $4500.00 At one point this year, our credit card debt was as high as $13,000. We had planned and expected for the debt to be paid off by the end of this year, but we had a few unexpected expenses pop up. PAID OFF!!!
Dental work for husband. New crown for one of his back molars. $340.00 PAID!
New suit for husband. My husband shops in Big and Tall (he is 6'5'). He needed a new suit right away because he was speaking at my dad's memorial. $500.00 PAID!
The rental house needs new tile in the kitchen. the dishwasher leaked and the laminate flooring is buckling. Cost: Unknown at this point.... getting estimates. Done! Tile was 500.00 and labor was 300.00.
5. Save $1200.00 for Christmas,Weddings, and Birthdays The Christmas/ Gift account is automatically funded each pay period. So far we are on track. But I am thinking I will need to up the amount. I don't think $1200.00 will be enough.
6. Save $2000.00 for a trip to Las Vegas in Spring. We were planning to go earlier this year, but it did not work out. We are going to Las Vegas in October 2013. I am using my eBay and Etsy shops to fund our trip. Maybe I should put that another way. We have the funds to go, but I want replenish our vacation account as much as possible before we leave. This is motivation for me be more serious about online selling.
Begin contributing to my Roth again. I have not made any contributions to my retirement accounts since I lost my full time job almost 18 months ago. I have move all of my account to Vanguard and I will begin an automatic withdrawal from my checking to start in January 2013 of $200.00 per month. I did start my payroll deductions in January of this year, but only $100.00 per month.
After all of the above are accomplished, it will be time to apply all extra money (at least $7000.00) to our primary mortgage. The balance on our primary mortgage is $98,800. We want very much to reduce the mortgage to $90,000 by the end of the year. PAID OFF!!!
When September rolls around, we will have a newly revised Financial Goals for 2013.