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Updated Our 2010 Goals

January 29th, 2010 at 08:53 pm

I updated our 2010 financial goals on my page to the left. Previously, I had left the amounts blank. I did not know at the time what amounts I could allocate to each area. Now I know.

1) Max out our Roth IRA's = $10,000
2) Save 7% of basic pay in TSP
3) Pay off home equity loan
4) Save money for college = $3,300
5) Add money to our emergency fund = $7,000
6) Pay down van loan = $7,500
7) Save cash for a truck = $7,350
8) Convert IRA's to Roth IRA's

I'm not entirely decided about paying extra on the van loan. It is at 3.9% interest rate. The next truck loan will probably be higher, so it may be better to simply save for the truck, to reduce the amount we would need to borrow. It's hard to decide when it is over a year away.

I'm just realizing that most of our goals are saving! Cool.

Posted in Saving, Home Equity Payoff | 2 Comments »

2 Responses to “Updated Our 2010 Goals”

  1. Ima saver Says:
    January 29th, 2010 at 09:29 pm 1264800589
    1264800589

    Nice goals!!

  2. ceejay74 Says:
    January 29th, 2010 at 10:36 pm 1264804619
    1264804619

    Wow, ambitious--I like it! Starting to focus on saving, for me, is going to be very satisfying after these past several years of sending every extra penny off to various debtors. I'm thinking in 2011 I'll start splitting my vision between debt repay and saving, as you're doing this year.

    I look forward to seeing your savings grow!

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