3rd goal update



I completed another one of my goals this quarter: increasing my savings by $4000 in 2008. I’m happy about that, and hope to continue increasing it. I think I’ve finally gotten the automatically-send-money-to-savings process down. I look forward to writing my check each month and mailing it in. Maybe I should make “pile up money” a new goal. Here’s how my entire goal list stands this quarter. Items that are crossed off are completely done.

  • Open a new IRA for 2008 (probably a Roth) – DONE
  • Fully fund the new IRA – DONE
  • Increase savings by $4000 in 2008 – DONE
  • Purchase 1-4 tax liens – DONE
  • Purchase at least one share of stock – DONE
  • Purchase at least $8000 worth of treasury bonds – IN PROGRESS. I’m still at $500 here. I intend to buy more, but probably not another $7500 worth.
  • Pay $35 extra per month toward mortgage, and send additonal to savings each month – ONGOING
  • Continue tracking & evaluating expenditures each month – ONGOING. I love my charts & spreadsheets. They’re very motivating.
  • Continue saving each month for vacations & irregular expenses – ONGOING, and even more important now that we’ve spent so much recently out of those funds.
  • Continue paying for all bills and expenses in full and on time – ONGOING
  • Reduce expenses to $1500 per month or less (excluding vacations.) – IN PROGRESS. I’m getting closer here. I’m at $1634.20 in regular expenses now. I could cut that down quickly by eliminating unnecessary stuff, but I’d rather find a way to keep the stuff and just reduce the cost. I also beat my unwritten goal of spending $2000 or less in a month a couple of times. (Although not this month by any means.)
  • Increase income significantly – IN PROGRESS. I’ve increased my income somewhat so far this year but not “significantly” enough for me to consider crossing this off. In order to have a shot at that I really, really, REALLY need to put in some major effort at a couple of side projects. In a hurry. Guess what I’ll be working on for the foreseeable near future!
  • Continue matching contributions to my son’s college & car funds – ONGOING. I just need to encourage him to make some more contributions.
  • Increase my 401(k) contribution amount – DONE

If you like this article, please visit my new home at www.moneycrush.com or subscribe to the new RSS feed. Thanks for visiting!

Related Websites

Posted in Goals on Sep 28, 2008

Comments are closed.


  • bluntmoney.com