2nd goal update
I’ve been experimenting with focusing on one goal at a time, with mixed success. (I did finish funding my IRA, but had trouble sticking to that as the priority, so I did some other stuff too. Darn.) Here is my goal update for now (things that are completely done are also crossed off).
Open a new IRA for 2008 (probably a Roth).– DONEFully fund the new IRA.– DONE- Increase savings by $4000 in 2008. – Whee! I’ve increased savings by $1 more than I started with originally! (Which is better than the previous update, where I’d gone backwards.)
Purchase 1-4 tax liens.– DONE, plus one more.Purchase at least one share of stock.– DONE- Purchase at least $8000 worth of treasury bonds. – I’m at $500 here. I’m doubtful about the wisdom of continuing to aim for this goal at this point, but we’ll see.
- Continue paying at least $800 extra (combined) toward our mortgage/mortgage fund each month. – Revised: Our new goal is to pay $36 extra per month, and put the rest (and more) towards savings instead for the next 3 years. – Ongoing
- Continue tracking & evaluating expenditures each month. – Ongoing
- Continue saving each month for vacations & irregular expenses. – Ongoing
- Continue paying for all bills and expenses in full and on time. – Ongoing
- Reduce expenses to $1500 per month or less (excluding vacations). – Doing a little better here, but still not close enough.
- Increase income significantly. – I’ve made a slight bit of progress here, and will be hitting this hard by summer’s end.
- Continue matching contributions to my son’s college & car funds. – Ongoing
Increase my 401(k) contribution amount.– DONE
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