Layout:
Home > Dec & fast forward to 2007 - goals...

Dec & fast forward to 2007 - goals...

December 1st, 2006 at 06:24 pm

It's time to set those all important money goals...I've already sent off $174 extra for the Dec mortgage payment and $627 extra for the Dec auto loan payment. I've also transferred $550 into our e-fund savings account. So, just the first day of December and I've already "spent" $1,351 right off the bat. Depending on how well our Christmas shopping comes under budget, I'm sure I'll be able to put more money toward the car loan by the end of the month.

Ok, so goals for 2007 in order:

Continue paying $2,088 extra toward principal on mortgage (174/mo)
Pay off car loan bal of $8,300 (373/mo payment + 320 extra)
Save $9,000 to bring e-fund bal to $10,000 (750/mo)

That totals $1,244 extra each month on top of the "normal" budget expenditures like utilities, etc. I will need to work hard on this, but it's definitely attainable... especially since I'm expecting a $5,000 raise in April that I'm not considering at this time... and we (both DH and I) normally get standard cost of living increases in July. Of course there are a ton of variables that could pop up to veer us off track but we'll handle those as they come along.

DH and I have sort of come to an understanding based on our conversation last night. He said that it would be tough, but he's changed his mindset to first save for what he wants vs. going out and charging it and figuring out where the money comes from later... monumental statement coming from him. I just hope he's committed to it. It sure would help us out.

So far, so good! Smile

0 Responses to “Dec & fast forward to 2007 - goals...”

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]