I’ve never been one for New Year’s Resolutions. I actually do not care for them much because I’ve tried to make them in the past and I just break them. I’d rather start something when I’m mentally ready and just not on a certain date.
But, I’ve never tried setting yearly financial goals. Seeing that I’m already ready to pay off more debt, I guess it can’t hurt to give myself a few goals for the year.
Here we go…
Debt Goal – I would like to pay off at least $12,000 more of our debt in 2007. To account for monthly finance charges, we’ll probably have to pay around $1,100/month to make it happen.
Savings Goal – Since I only have about $121 in a savings account, it might be nice to put a few more dollars in that account. If I can double the balance in 2007 I’d be happy. It’s a start
Retirement Goal – I will have the ability to contribute to a 401K plan this year. I am excited and I really have no idea what to expect with this. I’m waiting to get paperwork so I can read up on it. I’m on the fence right now with how much to contribute because of our debt.
Extra Money Goal – I haven’t forgotten about eBay. I still want to sell a lot of our stuff on there to make some cash to go towards our debt reduction. I also want to reduce clutter in our house
Personal Goal – I’m not going to set a specific poundage to this one, but I would like to lose some weight this year. I just want to have more energy and be able to do more things. Let's RUN!!!
