It’s time for some 2008 financial goals
I have financial goals coming out my ears, but I figured now was a good time to gather them all in one place and give them the once-over. Some of these goals are steps toward a greater goal. I find it more useful to focus on the smaller steps, so I’ve only listed those. Here they are, in random order.
- Open a new IRA for 2008 (probably a Roth).
- Fully fund the new IRA.
- Increase savings by $4000 in 2008. (This is for my emergency fund.)
- Purchase 1-4 tax liens.
- Purchase at least one share of stock. (Gotta start somewhere.)
- Purchase at least $8000 worth of treasury bonds.
- Continue paying at least $800 extra (combined) toward our mortgage/mortgage fund each month.
- Continue tracking & evaluating expenditures each month.
- Continue saving each month for vacations & irregular expenses.
- Continue paying for all bills and expenses in full and on time.
- Reduce expenses to $1500 per month or less (excluding vacations).
- Increase income significantly.
- Continue matching contributions to my son’s college & car funds.
- Increase my 401(k) contribution amount.
The stretch goals for me in the list are increasing savings by $4000 and purchasing at least $8000 worth of treasury bonds. But, I think they are doable, especially if I do in fact get my expenses down to $1500 per month or less.




December 21st, 2007 at 7:50 am
Sounds good!
Merry Christmas and Happy New Year!
December 21st, 2007 at 7:59 am
Be sure to have fun, too!
December 21st, 2007 at 4:18 pm
Thanks guys :)
December 21st, 2007 at 5:30 pm
That’s a healthy list of goals there. Good Luck on meeting them. I need to get my goals posted for 2008 too.
December 22nd, 2007 at 12:08 am
Hey, that’s a pretty decent list! I need to work on my 2008 financial goals too… not quite sure what they’ll be yet.
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Ryan
http://uncommon-cents.net/
December 31st, 2007 at 6:18 pm
What impressive and ambitious finanical goals. Good Luck! Any wisdom to share to a woman struggling with a new business venture?