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2008 Goals

December 28th, 2007 at 01:13 pm

I have been reading everyone else's goals and decided I should post my own. I am putting this a little higher than I might be able to reach, but they are still within the do-able range.

1. Pay off both loans by the end of June. This is the most important goal. I cannot work on the others until this is done. The sooner the loans are gone the better.

2. Work on full emergency fund with a goal of $1500 by the end of the year. We have a mini emergency fund already. This will start us on the road to $10,000 in savings.

3. Start a new home fund with a goal of $1500 by the end of the year. This hardly seems like enough to even deal with, but we have to start somewhere. We are in no rush to move but want to get an account started nevertheless.

4. Start saving for another vehicle. We will not be in need of one for several years. Our eventual goal is to pay for our next vehicle in cash. For now the 2008 goal is $1600.

We plan to free up a bit more fun money in the coming months. We do plan to stick to our frugal ways to accomplish our goals though. I will be looking for ways to trim the budget back a more. I am excited about the financial goals for 2008 and am sure we can reach them and hopefully surpass them!

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