Comments on: Financial Goals for 2010

By: julie

julie — Mon, 18 Jan 2010 04:54:30 +0000

I’d like to pay off the remaining $3000 on our car and finish off the the school loans that feel like they’ve been hanging around forever. To do this, my husband and I need to reexamine the budget for the year. Thankfully we’ve learned to be fairly frugal so we’re not in any “danger”.

What I really want is to feel more free to give generously and with purpose. We give some, but there is so much need. I haven’t given anything for Haiti yet. My tendency is to hoard, which shows my fear of the future and the unknown. I want to be able to trust that God will provide for my real needs, and to joyfully give as He leads. Use money as a tool, and not be a slave to it.

Thanks all the great thoughts/advice/inspiration.

By: Single Guy Money

Single Guy Money — Sun, 10 Jan 2010 05:49:48 +0000

My 2010 Financial Goals are here:

http://www.singleguymoney.com/.....goals.html

I summary, it involves saving more money and getting more organized.

By: John

John — Mon, 04 Jan 2010 03:35:58 +0000

1: Pay down mortgage to 80% to eliminate PMI.
2: Eliminate CCs one by one. $9550 on 4 cards to go. My goal is to have all gone in 12 months.
3: Increase my emergency fund. No specific number established here. Currently about $800, which is enough for a 1 major pickup repair or 1 medium house repair.
4: Invest lightly in Lending Club. Maybe average $20-30/month.
5: Maintain company matches on 401(k)
6: If everything else works out and I am in 15% bracket, invest in a Roth IRA account.

By: Ray

Ray — Sun, 03 Jan 2010 21:41:54 +0000

Pay off my mortgage! I have already followed Matt’s recommendations. Mortgage is my only debt.

By: April B

April B — Sun, 03 Jan 2010 21:29:39 +0000

I just cut up all of my credit cards – every single one, the week of Christmas. My husband and I are going to dig ourselves out of a GIGANTIC financial hole. I am so excited about this!!

By: Hank

Hank — Sat, 02 Jan 2010 03:31:31 +0000

My goal this year is to finally max out my emergency fund. I have been putting it off for months and months, but I am going to get it done in 2010.

By: Rosa Rugosa

Rosa Rugosa — Sat, 02 Jan 2010 02:08:48 +0000

Increase EF from 6K to 12K
Increase personal slush fund from $500 to 1K
Try to stop smoking, which would free up $350 per month (in addition to the obvious health benefits)!
Put a new roof on house without using any debt/financing
Pay an extra 3K on HE loan (this is our only debt, primary mortgage is paid off, and we want this GONE!)

By: Mary

Mary — Fri, 01 Jan 2010 23:13:28 +0000

Stop eating out so much and start taking our lunches. We could have paid off my credit card with what we spent eating out.

By: LeanLifeCoach

LeanLifeCoach — Fri, 01 Jan 2010 15:27:10 +0000

Financial goals for this year include:

Fully funded 401K and IRAs (no problem)
Another 3,000 to taxable investment account (no problem)
6 extra mortgage payments (a stretch!)
Double my hobby income (?)
Convince my wife to give up cable (dream goal!)

What are your goals nickel?

By: Floridian

Floridian — Thu, 31 Dec 2009 16:49:48 +0000

With no debt except for mortgage, an ample emergency fund in place, and plans to continue maxing out retirement accounts…our goal will be to continue cutting expenses. We are a family of 5 living (basically) on one income. Last year, I got serious about couponing and halved (yes halved) our grocery bills. Satisfied with the grocery bills now, we plan to continue with reducing energy consumption. NOT to reduce our carbon footprint (Al Gore and the other tree huggers are morons!), but for the sole purpose of lowering our utility bill – which is pretty high considering we run a daycare out of our home. Last year we reduced our utility bills by 25-30% when we got a new roof with better ventilation, and built an addition – yeah, add more space and the utility bill goes down, go figger! ha! Actually, it’s b/c the windows on our house are crap. We had the adddition built with very efficient windows (replacing some of the crap windows). So this year, we will start with replacing the remaining (30 year old) windows in our house. We are also scheduled to have a new energy star refrigerator delivered in two weeks…I wonder how much our utilities will drop when we replace the 20 year old fridge?? I can’t wait to see!

By: Dave

Dave — Thu, 31 Dec 2009 16:01:50 +0000

My goals for 2010

Payoff the remaining 4000 on my cc

Build up the savings a bit more

Keep paying the minimum on my student loans until I can apply for the Education reduction when I hit the 5 years of teaching mark as I worked in a school in need.(they will payoff up to 17,500)

By: Dan

Dan — Thu, 31 Dec 2009 15:45:28 +0000

My goals for next year:

1. Build a $10k-$12k emergency fund.
2. Save $8k for a vacation.
3. Save $3k for some new furniture for the apartment.

By: Funny about Momey

Funny about Momey — Thu, 31 Dec 2009 15:43:12 +0000

Having been there and done all that, my goal is never to have to go back to work again. The day job is now history!

Happy New Year, and a long and happy life of financial independence to one and all.

By: Laura

Laura — Thu, 31 Dec 2009 13:20:09 +0000

I’m taking a cue from you and I’m consolidating my loans to get a lower rate. The interest rate for consolidating student loans is really low and I want to take advantage of that.

By: kev

kev — Thu, 31 Dec 2009 13:03:57 +0000

The new year is also a great time to start a new budget or fine-tune an existing one. Our budget needs some adjustment in a couple of key areas – namely groceries and entertainment expenses. Getting our grocery expenses under control will also help with another goal for 2010 which is to stop eating like a pig.