Personal Goals 2008

2008 Goals

  • Transfer Roth IRA, old 401Ks, and old pension to discount brokerage firmDone 03/2008!
  • Contribute maximum limit to Roth IRA for 2007 by AprilDone 04/2008!
  • Become credit card debt free by July by paying off credit card #1 before the 0% intro rate ends – on target Pay off credit card #1 before the 0% intro rate ends – on target*
  • Pay down car loan by 90% by December 31 – on target slipping
  • Continue to contribute 401K to employer match percentage – on target
  • Research long term investment options – gotta get started

*This got revamped because I remembered I have another credit card balance with a 0% interest rate that ends in Feb 2009, so I won’t be credit card debt free until Feb 2009.

Short Term Goals

  • Determine personal net worth – in progressDone 04/2008!
  • Track aggregated expenses for 2007 – in progess, gotta create more meaningful subcategories to get the unreconciled percentage down O_oDone 04/2008. I used this budget template from Microsoft to determine better categories and subcategories.

Tentative 2009

  • Contribute maximum limit to Roth IRA for 2008 by January – on target
  • Pay off car by April – slipping
  • Rebuild personal emergency fund to 10K by December 31 – ahead of schedule
  • Increase income from lower $60s to upper $70s by December 31 by possibly getting a new job

Long Term Goals

  • Contribute maximum limit to Roth IRA in lump sum in January by age 30
  • Earn $125K salary by age 35
  • Contribute maximum limit to 401K annually by age 35
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