10k Emergency Savings Goal Update

Goal Begin: ~$2,500 in savings on July 7, 2008 (25%)

Goal Target: $10,000 in savings by October 31, 2008

Current Status (Aug. 27, 2008): $5,605.07 (56%)

It’s been awhile since my last update on this goal but things are going pretty well. This was an aggressive target for us to regain that much savings but it looks like it should be done with time to spare. If that is the case, I’ll quickly jump on paying the rest of my car debt down.

One of the nice contributions to this one was finally receiving the $1,200 economic stimulus check. We put it right to the savings. (However we did technically spend it already months ago when we bought new couches out of the savings. - Either way, it was good to put it in there.)

Just a quick update today, I’ll have more soon. How are your financial goals going?

Posted by admin

2 Comments

Long Term Goal: Pay Off Car and Student Loans

As of July 8, 2008:
Car Loan $4,253.42
Student Loans $96,095.59
Total: $ 100,349.01

Obtaining this goal will be the thing that really opens up our life a lot more. It will release a major strain on our cash flow and make it so that we can really start either getting into a bigger house or piling up some investment assets. These two loans account for a bit over $1,000 a month in payments.

We’ve been making excellent progress so far! We had two car loans in there but we paid off one for $7,800 in about two years and we paid the other down to $4,253.42 from $15,000. We are working it down steadily.

Posted by admin

0 Comments