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Progress: 2010 Financial Goals

February 27th, 2010 at 10:49 am

Our basic goals for 2010 break down like this:

1) Max out our Roth IRA's = $10,000
We make monthly contributions that are automated
2) Save 7% of basic pay in TSP
Automatically taken from paycheck
3) Pay off home equity loan
Only $199 plus interest to go!
4) Save money for college = $3,300
We are scheduled to start contributions in March. I hope to automate these as well
5) Add money to emergency fund = $7,000
I expect we can start adding money in April Smile
6) Pay off van beginning balance = $19,444
Balance is now at $18,579.87 from regular contibutions only. We will begin adding extra in June
7) Convert IRA's to Roth IRA's
Approximately 65% of our IRA's were converted in February. May not convert the rest until later in the year.

I'd say we are on track so far in meeting all goals. Yipee!!

3 Responses to “Progress: 2010 Financial Goals”

  1. toyguy1963 Says:

    I'm not the only one that put off posting my goals. They are looking good.

  2. Homebody Says:

    Rats I forgot to talk to the accountant about converting IRAs. Need to do that when I take him our K1s. Thanks for the reminder. Nice list!

  3. carterfinance711 Says:

    Wow those are great goals! I don't know how people do it without setting goals..it's so important!

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