Setting Goals for 2009

I last wrote about my goals in December, but I hadn’t set them in stone.

This is what I initially thought I would do: 1. Pay down my credit card debt. Target balance for December 2009 is $3000.00. 2. Save 20% of my salary between my 401k, ESPP, HSA.

But that seems too easy. The second goal is a no-brainer with automatic savings plans at work. I think my current settings have me putting away 19% and I am saving about $150 a month in short-term liquid savings.

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Really I guess I need to think beyond 2009 for viagra online bestellen a few minutes and consider where I want to be in a few more years.

1. I need a car savings fund. My car is 8 years old and I’ll want to buy something else within 5 years. I’d like to have $10K in this account by the time I go get a car. 2. I’m worried about the current economy achat levitra. Though I work in federal contracting and my job is relatively safe, I feel like I should have a real emergency fund and not a token amount of savings. 3. I also feel like I should have a Mom & Dad emergency fund for those little things my mom asks for like money for property taxes, renovations, and the new roof I promised her, but don’t feel I have money for.

And on top of all that, I still want to pay down my credit card debts.

So I’m still mulling all of this over. It’s hard to balance out competing financial interests here. I have debt reduction competing with saving. Isn’t that the perennial dilemma?

The best course I guess is to stick with a debt payment goal and a savings goal.

As it stands, I have one credit card balance at $10,001.20, with a total balance of about $15,050.00 as of December 31. I think I can push my original goal idea even further and get this paid off by the end of the year.

I know that I will be getting a small bonus this year from my company. The amount hasn’t yet been finalized, but it will be about 3-5%. I think I should save that in liquid savings. Combine that with my current savings, I hope to fill up the Save-O-Meter again by the end of the year.

2009 Goal #1 Pay down credit card debt by December 31

2009 Goal #2 Fill the Save-O-Meter to $4K

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