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.
Thursday, November 20, 2008
Friday, November 14, 2008
Almost 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) $9500 (Progress - 95%)
Total: $48,781 (Progress - 98%)
* Our emergency fund already had $8000.
Almost done, $500 left to go on goal #5 and $1219 left to go on Total Goal.
(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) $9500 (Progress - 95%)
Total: $48,781 (Progress - 98%)
* Our emergency fund already had $8000.
Almost done, $500 left to go on goal #5 and $1219 left to go on Total Goal.
Monday, November 10, 2008
2008 Goals
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) $8500 (Progress - 85%)
Total: $47,781 (Progress - 96%)
* Our emergency fund already had $8000.
We continue to be on track for wrapping up our 2008 savings goals ahead of schedule. Once we finish funding Mr. Sam's 2008 IRA, I think we will start putting aside money for our 2009 IRAs since we only funded my 2007 IRA (see goal #1). Otherwise, I have diverted the auto savings for the baby account (see goal #4) to our house account to fund a new sofa next year.
(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) $8500 (Progress - 85%)
Total: $47,781 (Progress - 96%)
* Our emergency fund already had $8000.
We continue to be on track for wrapping up our 2008 savings goals ahead of schedule. Once we finish funding Mr. Sam's 2008 IRA, I think we will start putting aside money for our 2009 IRAs since we only funded my 2007 IRA (see goal #1). Otherwise, I have diverted the auto savings for the baby account (see goal #4) to our house account to fund a new sofa next year.
Sunday, November 9, 2008
Changes
We have had some changes in our salary payment schedule. I am now receiving my salary every two weeks and Mr. Sam is now receiving his salary twice a month (15th and last day of the month).
I am very much in the habit of paying our bills on the 1st and the 16th of each month and the change in our salary payment schedule has thrown my system out of whack. I find myself either paying our bills early (today is the 9th and I just paid our bills that I normally pay on the 16th) or I hold my salary in my checking account for a week or so until the 16th or the 1st. But holding my salary in my checking account undermines our allowance system because for a week or more I have all kinds of extra money in my checking account.
I am very much in the habit of paying our bills on the 1st and the 16th of each month and the change in our salary payment schedule has thrown my system out of whack. I find myself either paying our bills early (today is the 9th and I just paid our bills that I normally pay on the 16th) or I hold my salary in my checking account for a week or so until the 16th or the 1st. But holding my salary in my checking account undermines our allowance system because for a week or more I have all kinds of extra money in my checking account.
Sunday, November 2, 2008
Ahead of Schedule
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) $12865 ($20,865*) (Progress - 129%)
(4) $5108 (Progress - 102%)
(5) $8000 (Progress - 80%)
Total: $46,973 (Progress - 94%)
* Our emergency fund already had $8000.
First time all year, we are ahead of schedule on our 2008 money goals. We are about $3600 ahead on our 2008 savings goal. Reason, I have been quite aggressive in funding our 2008 IRAs the last few weeks because I am trying to take advantage of the down market.
On the other hand, we are low on cash so we will need to take care with our spending over the next few weeks.
(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) $12865 ($20,865*) (Progress - 129%)
(4) $5108 (Progress - 102%)
(5) $8000 (Progress - 80%)
Total: $46,973 (Progress - 94%)
* Our emergency fund already had $8000.
First time all year, we are ahead of schedule on our 2008 money goals. We are about $3600 ahead on our 2008 savings goal. Reason, I have been quite aggressive in funding our 2008 IRAs the last few weeks because I am trying to take advantage of the down market.
On the other hand, we are low on cash so we will need to take care with our spending over the next few weeks.
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