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2008 Financial Goals Reviewed

June 24th, 2008 at 10:44 am

Some of our goals for 2008 are:

1)Save 15% of gross salary - retirement
2)Save $2000 for each child - college
3)Save down payment & purchase newer van
4)Begin to payoff home equity loan. (Really would like to pay off by May 2010)

We are on track to meet goals 1 & 2. We make contributions monthly to meet our yearly goals. Retirement is automatically. I do write checks for the education accounts...same time every month.

Goal three was accomplished last month with the purchase of a 2007 Honda Odyssey. We've been waiting over a year to make this happen.

I began working on goal 4 as of last week when I made my first extra principal payment of $25. Today I sent another $25.00 payment towards the loan. By the end of June, I hope to be able to send over $350 extra per month. I also intend to put any extra money on I make on ebay, craigslist, garage sales, and surveys toward this loan as well.

2 Responses to “2008 Financial Goals Reviewed”

  1. merch Says:

    Sounds like you are right on track. Nice.

    Once you start throwing $350 at the home equity, you should see that disappearing pretty quick. Just throw everything extra at it. it will be gone way before 2010. Wink
    Good luck.

  2. Ima saver Says:

    I wish you luck too!!

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