We’re nearing the end of January, and last night I ran across an article that claimed that 92% of Americans fail to keep their New Year’s Resolutions, with a whopping 45% throwing in the towel within a month. With that in mind, I wanted to ask you guys how you’re doing?
As for me, we’re still on track with our goals for 2008, though we’re doing better in some areas than others. Here’s a quick rundown of how things are going…
This is a pretty easy one for us, as everything is automated and we’re pretty much 100% assured of maxing our our various accounts. So we can chalk this one up as a success.
I still haven’t had a chance to put together a tax-efficient strategy for non-retirement investments. We’re still just piling our equity investments into Vanguard’s Total Stock Market, but I hope to have a better plan in place sometime soon.
Simplifying Our Finances
We’re actually doing pretty well in this area, as we’re in the process of dumping one of our credit cards, and we’ve also just closed our HELOC. We have no need for it, so why keep it open? I’ve also set up autopay for both our Citi Dividend Platinum and Amex Blue Cash cards and automated a couple of other minor monthly payments.
Protecting Our Future
Still no progress on a long term disability (LTD) policy for me. 🙁
Creating a User Manual for Our Financial Life
At long last, I’ve begun making progress on this one… Thus far, I’ve been putting together an encrypted database of sensitive info (account numbers and login credentials) in SplashID, though I still need to pull together a notebook detailing the various accounts, insurance policies, etc. that we have (and where we have them).
Kids and Money
Still no progress on teaching our ten year old about investing. This is high on my list for this year, but we’ve just haven’t had the time.
I started pulling together our 2007 taxes last night. As part of this process, I set aside anything that we’ll need for 2008. I still haven’t set up a dedicated folder for this, but at least I have a pile… 🙂
So… What about you? Are you keeping up with your goals/resolutions?
This article is part of the MBN group writing project on keeping up with your goals for 2008.