Wednesday, December 5, 2012

2012 Savings Goals - December Update


(1) Max out 401k(s) - $32,693 (96%)(goal is $34,000)
(2) Max out IRA(s) - $7,898 (79%)(goal is $10,000)
(3) Add to e/r fund - $9,200 (92%)(goal is $10,000)
(4) Pay down mortgage - $2490 (50%)(goal is $5,000)
(4)(a) Savings for goal (4) - $830
(5) House projects - $1,400 (28%)(goal is $5,000)
(6) Trading account fund - $50 (1%)(goal is $5,000)

Total - $54,566 (79%)

At present, we are $10,453 behind on our 2012 savings goals.  Currently, our revised plan, is to complete savings goals 1-4 which requires a total of $5,889 in savings contributions before the end of the year.  The remaining 401k contribution will take care of itself, via payroll deductions, so that means we really have $4,582 that we need to pull together before the end of the year.

Can we do it?  Reflecting on on my last post, I'm going to say that I will do whatever it takes to get this money into savings.

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