Updated on 10/28/09.
I finally feel as though I’m making some progress on goals. I recently got my Efund to $9k, and I’m on track to maxing out my Roth IRA for 2009. Time for some new goals! I don’t want to project too far out, since many things can happen, so I’ll just post the next two goals on my radar:
1. Bring my car loan balance down to 4-digits, or $9,999. Currently it is at $11,587.49 (payoff balance). If I pay off approximately $400 in addition to my regular payments I can do this by January! The big picture goal: have the loan paid off in 3 years, which would involve paying around $200 extra each month.
2. Get the E-fund to $10,000. This is kind of arbitrary, I admit I just like the round number. My eventual goal is $24,000 so that if in a year or two I start looking at houses to buy again I’ll have enough in an emergency fund to use the Downpayment fund without feeling nervous about it.
Eventually I’d also like to:
-Get Lasik done and have no debt
-Boost the Travel fund for some major travel (somewhere in Europe! And perhaps a cruise or two)
-Pay off the car completely
-Pay off student loans (current goal: before I’m 40, or 2 years before schedule)
July 2, 2008 at 2:03 pm
Wow- you’re sooo lucky you live in an area where you can find a 2B/1B condo for less than 175K! If prices were like that around here, we’d be doing that too. Keep us updated on your home search!
July 17, 2008 at 8:40 am
You’re doing fantastic! Keep up the great work.
Being a homeowner is so worth it.
If you have the storage space at your parents’ house, put out word that you’re looking for a place. In our family, everyone was looking for an excuse to upgrade their old furniture! We have a “new to us” sofa and loveseat from family members. They don’t match, but we don’t care.
And try a consignment store or used furniture place. They have some great deals around here for solid pieces.
February 18, 2009 at 2:17 pm
I love your goal for your emergency fund. It’s so key! You have to have one. Mine is only for 3-6 months worth of expenses, but a year would be fantastic! Think of the REAL financial security you would have then. If you lose your job or whatever, you’ve got plenty of time to get yourself back on your feet.
Great plan!
August 20, 2009 at 6:40 am
I just found your blog and read your goal to save up for LASIK. I had LASIK a couple of years ago and it was the best thing I’ve ever ever done. Of course I was already half blind and couldn’t even go down the stairs without glasses but now, I have perfect 20/20 vision! Good Luck with your savings!!