Comments on: 2008 Resolutions: Are You Still on Track With Your Goals? http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/ personal finance tips, tricks, and commentary Sat, 21 Nov 2009 18:35:25 -0500 http://wordpress.org/?v=abc hourly 1 By: Tyler Christensen http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/comment-page-1/#comment-115319 Tyler Christensen Wed, 13 Feb 2008 17:33:37 +0000 http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/#comment-115319 I'm having the same problem figuring how to teach my kids about money. It's not easy. I’m having the same problem figuring how to teach my kids about money. It’s not easy.

]]> By: Writer's Coin http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/comment-page-1/#comment-114908 Writer's Coin Wed, 30 Jan 2008 21:13:38 +0000 http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/#comment-114908 That's funny, I just posted <a>an update</a> on my financial resolution of saving 10 grand for a house in '08. So far, so good. That’s funny, I just posted an update on my financial resolution of saving 10 grand for a house in ‘08.

So far, so good.

]]> By: Lisa Spinelli http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/comment-page-1/#comment-114822 Lisa Spinelli Tue, 29 Jan 2008 02:11:27 +0000 http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/#comment-114822 Yes, still going strong, though I am having difficulties trying to find the time to get my blog up to speed. Sometimes simple things like formatting can get really time consuming!. Financially, I've already saved and invested $200 of the $1000 I promised to invest in stocks on sharebuilder by the end of the year. Is anyone else investing in NLY? I picked that for the first $200. It looks strong. I know I should do Index funds... I wanted to test my research skills as the year progresses... and see what kind of 5 stock portfolio I can come up with. Lisa Yes, still going strong, though I am having difficulties trying to find the time to get my blog up to speed. Sometimes simple things like formatting can get really time consuming!. Financially, I’ve already saved and invested $200 of the $1000 I promised to invest in stocks on sharebuilder by the end of the year. Is anyone else investing in NLY? I picked that for the first $200. It looks strong. I know I should do Index funds… I wanted to test my research skills as the year progresses… and see what kind of 5 stock portfolio I can come up with.

Lisa

]]> By: nickel http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/comment-page-1/#comment-114805 nickel Mon, 28 Jan 2008 17:33:40 +0000 http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/#comment-114805 CF: Yes, you have to call them and then fill out a form. liz: Our kids are already a huge priority in our lives, and not just when it comes to talking about money. But since you brought it up, we already do allowance, complete with the charity/spend/save breakdown that you alluded to. In this case, I'm talking specifically about teaching our oldest about investing. He now has enough money saved up to get into a well-diversified mutual fund, but we haven't had a chance to make it happen yet. CF: Yes, you have to call them and then fill out a form.

liz: Our kids are already a huge priority in our lives, and not just when it comes to talking about money. But since you brought it up, we already do allowance, complete with the charity/spend/save breakdown that you alluded to. In this case, I’m talking specifically about teaching our oldest about investing. He now has enough money saved up to get into a well-diversified mutual fund, but we haven’t had a chance to make it happen yet.

]]> By: liz http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/comment-page-1/#comment-114802 liz Mon, 28 Jan 2008 17:18:23 +0000 http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/#comment-114802 Please, please, make your kids a priority! BTW, I don't have kids but I'm a terrific Aunt! (grin) Set a timer for 10-15 minutes. You have that much time each day, right? - You can use the first couple days to just outline what is important to you to communicate-achieve, and jot down some ideas to talk with your wife about, and get her ideas. You both want to be on the same page. After you've got some ideas with your wife, tell your kid(s) you're going to take 15 minutes (timer!) each day for a month(other?) just to talk (their money - their finances?), and then implement the ideas you have. Whether it is the 3-envelope method (spend, tithe-donate, save) or other. Make it happen. All the best! Please, please, make your kids a priority! BTW, I don’t have kids but I’m a terrific Aunt! (grin) Set a timer for 10-15 minutes. You have that much time each day, right? – You can use the first couple days to just outline what is important to you to communicate-achieve, and jot down some ideas to talk with your wife about, and get her ideas. You both want to be on the same page. After you’ve got some ideas with your wife, tell your kid(s) you’re going to take 15 minutes (timer!) each day for a month(other?) just to talk (their money – their finances?), and then implement the ideas you have. Whether it is the 3-envelope method (spend, tithe-donate, save) or other. Make it happen. All the best!

]]> By: CF http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/comment-page-1/#comment-114799 CF Mon, 28 Jan 2008 15:00:12 +0000 http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/#comment-114799 Nickel, how did you set up autopay for Amex Blue Cash - do you have to call them? I tried finding it on the website, but came up empty. I'm in the process of setting it up for my Citi card (they need to send me a form to fill out - did you have to do the same?), but found nothing for AMEX. Thanks. Nickel, how did you set up autopay for Amex Blue Cash – do you have to call them? I tried finding it on the website, but came up empty. I’m in the process of setting it up for my Citi card (they need to send me a form to fill out – did you have to do the same?), but found nothing for AMEX. Thanks.

]]> By: Debbie M http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/comment-page-1/#comment-114798 Debbie M Mon, 28 Jan 2008 14:43:16 +0000 http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/#comment-114798 So far, so good. I opened a new checking account that doesn't have my social security number for the account number (and I almost have my new number memorized). I have filled out the forms to have 2 of my 4 automatic processes switched to the new account and have enough money in both accounts to cover things no matter when the switchovers actually take effect. And I finally found the paperwork for switching the other 2 automatic processes. I've opened a new high-interest online savings account and connected it to my new checking account. I also connected my old (not quite so) high-interest online account to my new checking account in case I decided to switch back at some point. And I transferred my money across. I found my receipts for the central AC I had installed last year so I can claim the tax credit on my income taxes. I also learned that the new doors we installed may also qualify, so I need to see if I can find the receipts for those. And I found an acceptable way to invest my old pension money that I just rolled over into an IRA and have done that. I still have to automate my charitable contributions, take defensive driving, increase my IRA contributions for this year, finish my taxes, and finish the process of switching checking accounts. So far, so good. I opened a new checking account that doesn’t have my social security number for the account number (and I almost have my new number memorized). I have filled out the forms to have 2 of my 4 automatic processes switched to the new account and have enough money in both accounts to cover things no matter when the switchovers actually take effect. And I finally found the paperwork for switching the other 2 automatic processes.

I’ve opened a new high-interest online savings account and connected it to my new checking account. I also connected my old (not quite so) high-interest online account to my new checking account in case I decided to switch back at some point. And I transferred my money across.

I found my receipts for the central AC I had installed last year so I can claim the tax credit on my income taxes. I also learned that the new doors we installed may also qualify, so I need to see if I can find the receipts for those.

And I found an acceptable way to invest my old pension money that I just rolled over into an IRA and have done that.

I still have to automate my charitable contributions, take defensive driving, increase my IRA contributions for this year, finish my taxes, and finish the process of switching checking accounts.

]]> By: Josh http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/comment-page-1/#comment-114796 Josh Mon, 28 Jan 2008 14:34:52 +0000 http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/#comment-114796 I'm pretty much on track. I would like to put more into my Roth IRA, though. I’m pretty much on track. I would like to put more into my Roth IRA, though.

]]> By: Ron@TheWisdomJournal http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/comment-page-1/#comment-114794 Ron@TheWisdomJournal Mon, 28 Jan 2008 13:39:37 +0000 http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/#comment-114794 Still working on my goals. Why is it so difficult sometimes? Still working on my goals. Why is it so difficult sometimes?

]]> By: nickel http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/comment-page-1/#comment-114793 nickel Mon, 28 Jan 2008 13:37:37 +0000 http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/#comment-114793 Meeting goals for things like net worth can be pretty challenging at times (and overly easy at other times -- it largely depends on how the market performs). This is why I try to avoid setting goals about things that I can't control. I've found that it's much easier to keep yourself on track if you set goals for which success/failure is entirely dependent on things that you do (like savings goals instead of net worth goals). Meeting goals for things like net worth can be pretty challenging at times (and overly easy at other times — it largely depends on how the market performs). This is why I try to avoid setting goals about things that I can’t control. I’ve found that it’s much easier to keep yourself on track if you set goals for which success/failure is entirely dependent on things that you do (like savings goals instead of net worth goals).

]]> By: SingleGuyMoney http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/comment-page-1/#comment-114792 SingleGuyMoney Mon, 28 Jan 2008 12:07:30 +0000 http://www.fivecentnickel.com/2008/01/28/2008-resolutions-are-you-still-on-track-with-your-goals/#comment-114792 So far, so good. With the drop in the market, it is not helping with my networth goal. So far, so good. With the drop in the market, it is not helping with my networth goal.

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