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A Review of Our 2012 Goals

December 30th, 2012 at 03:40 pm

Here are the goals we had for 2012, along with how we did. We did very good considering the first half of the year involved DH living on the east coast and then we moved this summer.

1) Complete 2011 Roth contributions. Used tax refund money. Deadline April 15, 2012. Complete!

2) Pay off tires. Remaining balance $600. Use $300 Chase rewards and $160 tire rebate. Remaining balance out of pocket $140. Deadline March 31, 2012. Completed

3) Contribute 7% to TSP. This was on autopilot and easily accomplished.

4) Contribute maximum amount to our Roth IRA's for 2012. Preferred deadline December 31, 2012. Final contributions made last week. We each contributed $5000.

5) Contribute something to college. $500 each minimum. Also completed last week.

6) Save for a Free Christmas. Goal $700 or more. Saved up over $1400 out of non income sources, called snowflakes on my blog. Spent over $900 on gifts and sent the remainder to the truck loan!

7) Increase emergency fund by $3,000. Or at least end the year with the same amount we started the year with. We started the year with $17K in our emergency fund. We dropped below a few times this year, but when I look at our cash accounts and money I set aside for furniture, we actually have over $20K. So in some ways we have met the goal, but in reality some of that money may get spent. We definitely didn't back track in a big way, so for that I am counting this complete!

8) Pay extra to truck loan. Get the balance under $8K would be ideal! Yep, we did get under $8K. Current year end balance is $4500.

Goals really do help you accomplish big things. I know without some sort of road map for our finances we wouldn't be where we are today. How did you do with your goals in 2012?

Posted in Saving, Debt | 8 Comments »

8 Responses to “A Review of Our 2012 Goals”

  1. mjrube94 Says:
    December 30th, 2012 at 03:54 pm 1356882855
    1356882855

    CCF, that's a great job with the snowflakes! Wow, they really add up...

  2. Jenn Says:
    December 30th, 2012 at 06:03 pm 1356890601
    1356890601

    I'm really impressed with your focus on the truck loan this year. It's SO easy to be tempted to spend little extra amounts to 'treat' ourselves on occasion because it wouldn't blow the budget, and you didn't do it. Wow.

  3. twest Says:
    December 30th, 2012 at 09:11 pm 1356901879
    1356901879

    I have to say that I love reading your blog. You have inspired me to try the snowflake thing for Christmas. My husband and I have always been pretty frugal but have never really set many specific money goals. You and a lot of the others have inspired me to try to set specific goals this year.

    Awesome job on the Christmas snowflakes and the truck loan. You are an inspiration!

  4. rob62521 Says:
    December 30th, 2012 at 09:11 pm 1356901895
    1356901895

    Worthy goals and success!

  5. FrugalTexan75 Says:
    December 31st, 2012 at 03:25 am 1356924317
    1356924317

    Great job on all your goals!

    My goals this past year ... well, life happens sometimes.

  6. creditcardfree Says:
    December 31st, 2012 at 09:23 pm 1356989009
    1356989009

    @twest, thanks for the compliment on my blog. I am thrilled that I have inspired you to establish specific goals. You will be amazed at where they will take you!

  7. wowitsawonderfullife Says:
    January 2nd, 2013 at 01:56 am 1357091766
    1357091766

    Very impressive results! Congratulations on your hard work.

  8. TexasDisneyGirl Says:
    January 3rd, 2013 at 01:31 pm 1357219881
    1357219881

    You are an inspiration!

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