Musings about personal finance, real estate investing, life in South Florida, historic house projects, Snarfle the dog and anything else that strikes my fancy.
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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