Monday, 20 Dec 2010

Year End Checkup

When I look back at my archives, I see I only set TWO financial goals for this year.  Ack!  I honestly can’t remember if I maxed out my 2009 IRA but I paid off the car in late May or early June.  I’m maxing out my 401k and will max out my 2010 IRA.  I’m also putting aside ~$365/mo into my car fund (ultimately for my next purchase circa 2014 but also any unexpected repairs).

The next targets in my sights are my student loans.  I’m ashamed to saying that I’m still paying them (1.5 years of undergrad and 1.5 yrs of grad school at expensive private universities) 11 years later!  The initial loan amount as well as a deferment early on definitely weren’t in my best interest but I am where I am.  For 2011, I’m increasing my monthly payment to the old payment plus my car payment plus a little more (four figures a month!). 

I’m doing okay since all those things will be automated but there’s always room for improvement.  So for next year, another goal is to pack my lunch more so that I’m not eating out EVERY SINGLE DAY.  I know, shame on me but I’d rather leave leftovers for the next night’s dinner (so I only cook half as much) rather than taking them for lunch.  That’s going to change those.  What are your financial goals for the upcoming year?

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