Thursday, November 20, 2008

Done

2008 goals:
(1) 2007 IRA - $8000 (this goal is now closed)
(2) Car fund - $17000 (this goal has been completed!)
(3) E/R fund - $10000 (this goal has been completed!)
(4) Baby fund - $5000 (this goal has been completed!)
(5) 2008 IRA - $10000
Total: $50,000

Current numbers:
(1) $4000 (50%.)
(2) $17000 (Progress - 100%.)
(3) $13173 ($21,173*) (Progress - 132%)
(4) $5108 (Progress - 102%)
(5) $10000 (Progress - 100%)
Total: $49,281 (Progress - 99%)
* Our emergency fund already had $8000.

Technically, we are done with our 2008 goals. We have finished funding Mr. Sam's 2008 IRA and therefore at this point don't have any goals left to work on for 2008. Now technically we have not yet saved the full $50,000 so we need another $700 into savings before the end of the year. At present, I'm planning to use the $4000 that didn't make into Mr. Sam's 2007 IRA to pay about $2000+ extra on our primary home mortgage and the other $2000 to kick start our 2009 goals (2009 IRAs) or I may use that $2000 to buy more stock this year outside of tax advantaged plans. Thoughts are welcome.

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