My 2010 goals will look a lot like my 2009 goals, which, in turn greatly resembled my 2008 goals.
Which, if you are reading between the lines, tells you that I have yet to ever meet my annual financial goals.
Isn't it the definition of insanity to keep doing the same things and expecting a different result?
Ah well. My new plan is to institute smaller, quarterly goals that should lead me to year-end achievement of the bigger goals.
SO--here are Grace's Personal Finance Goals for 2010:
1. Reduce credit card/personal loan/auto loan debt by at least $6000.
2. Have $1000 emergency savings plan in effect by February 28 and keep it fully funded for the rest of the year.
3. Contribute $17,010 to 401(k). (This is a very slight increase of $12.50 per paycheck--I don't know yet if I'll get a pay raise in 2010.)
4. Drive less. Walk more or take public transportation since I have an annual pass.
5. Figure out how to use those cute graphic do-hickeys on my blog to chart my progress on these goals.
To everyone--here's hoping that the coming year and decade is fullfilling and prosperous for you all.
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Contact Grace: Gracefulretire@aol.com
Getting a late start on retirement saving and debt reduction in middle age with a middle class income.
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Contact Grace: Gracefulretire@aol.com
About Me
- Grace.
- I'm 63, a single mom, getting a late start on my retirement. Travel along as I reduce debt, increase savings and get myself situated for retirement one of these days.
Personal Finance and Retirement Blogs I Read
- A Gai Shan Life
- All Financial Matters
- Always the Planner
- Bargaineering
- Beach Girl's Budget Blog
- Blogging Away Debt
- Boxcar Kids
- Buck$omeboomer's Financial Path to Retirement
- Cents To Save
- Debt-Free By 50
- Digging Out From Our Mess
- Fabulously Broke In The City
- Financially Free To Be Me
- Frugal Texas Gal
- Frugal Zeitgeist
- Fumbling At Joy
- Get Rich Slowly
- Go To Retirement
- Grumpy Rumblings of the Untenured
- Happy Health--Senior Living & Health
- Just A Backpack And A Rollie
- Last Third of My Life
- Life Doesn't Begin at Retirement
- Man v. Debt
- Mighty Bargain Hunter
- Mortgaged Life
- Musings of a Midlife Mom
- Mutant Supermodel
- My Journey to Eliminate Debt
- My Retirement Blog
- My Wealth Builder
- No Credit Needed
- Noho'ana Hau'ole: Life is Good
- Out of Debt Again
- Personal Finance By the Book
- Planning to Retire
- Rest of Our Days
- Retire In Style
- Retirement Daze
- Retirement: A Full-time Job
- Ruminations
- Satisfying Retirement
- Savvy Working Gal
- Simple Dollar
- Surviving and Thriving
- Tessie's Awesome Blog
- The Next Stage: Women & Retirement
- The Retirement Planning Community
- Time Cheapskate Blog
- Tough Money Love
- Towards Retirement With Debt
- What Fresh Hell Is This? A Winsome Look at Life after 50
- Yes, I Am Cheap
3 comments:
Happy New Year, Grace.
Your #2 doesn't go far enough IMO.
Granted that I don't know your situation - perhaps $1,000 is good for you - but I'd go much much higher than that.
I can't tell you how many times in the last 6 years I've had to suddenly pull thousands$$$ out of my butt on the spot for some emergency repair, service, etc.
Actually, Po, I'd go higher, too. BUT, during 2009, a series of visits by Murphy kept me from ever having even $1000 in my emergency fund. So, my 2010 goal (borrowed from Dave Ramsey) is to at least maintain that small amount in an emergency fund. You should note that I can't even do that until I get my tax refund, which is why I show that I plan to do it in February!
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