(1) Max out 401k(s) - $26,231 (75%) (goal is $35,000)
(2) Max out IRA(s) - $11,000 (100%) (goal is $11,000) completed
(3) Add to e/r fund - $8,000 (80%) (goal is $10,000)
(4) Pay down mortgage - $4,150 (83%) (goal is $5,000)
(5) Trading account fund - $3,900 (78%) (goal is $5,000)
(6) House projects - $2,000 (67%) (goal is $3,000)
Total: $55,281 (80%)
At present we are about $3100 behind on our goals.
We have just under two (2) months to go to complete our goals. And, like most years, it will be a challenge to come close to hitting our goal numbers. For at least one category it will be impossible to meet our goals since Mr. Sam was unable to continue contributing to his 401k post layoff. While we continue to stretch towards our original goals as we close the year out, I remind myself that I will be content if we exceed our savings goals from last year (meaning our re-calibrated 2013 savings goal is really $63,000). That would mean that we need to save at least another $7,750 which will be a challenge. I will max out my 401k which is about another $3000, we will meet our emergency account savings goal, another $2000, and we will meet our mortgage principal prepayment efforts, another $850. And, that leaves another $2000 we need to scrape together to exceed our 2012 savings numbers which I really would like to do even with Mr. Sam's layoff and his subsequent salary reduction at the new job.