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.
1. 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!!!
2. Dental work for husband. New crown for one of his back molars. $340.00 PAID!
3. 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!
4. 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.
7. 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.
8. 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.
4 comments:
Because you were able to reach several of your long term goals, I would think that you will need to reconsider everything. Good luck with the process.
Thanks so much for sharing your progress with your financial goals. So many of us are struggling with paying off debt, and so it is reassuring to see some one post openly about the subject.
I am still trying to work it all out. Still.
Thank you for your kind words.
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