Friday, January 1, 2010

2010 Goals

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.


Anonymous said...

Happy New Year, Grace.

MasterPo said...

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.

Grace. said...

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!