This post is in response to the Financial Goals for 2008 call by http://www.moneysavingmom.com/
Our 2008 Financial Goals:
1. 1000.00 Emergency Fund (Finished)
2. To create a realistic budget. (Finished)
3. To track spending for an entire month. (We are writing each item down that we spend money on and will evaluate at the end of March)
4. Invest 8% of Tim's Income into his employers 401-K. His employer matches this with an additional 4%. (Finished/Ongoing/ we started this, we feel like with the difference in taxes and because we are already thirty we couldn't wait any longer)
5. To stay on our budget through the end of 2008 and re-evaluate changes at that time.
NEXT YEAR GOALS: will include prepaying our vehicle, student loans and then the house. (I know this isn't what Dave Ramsey suggests, however we feel like this is our best option with the difference in taxes and because our house and student loan debt is below 5.5% interest.)
1 comment:
great job on your progress... isn't it a wonderful feeling that you are making headway?!
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