Goal #1
Specific – Contribute to my 401k plan
Still holding strong on this and I am considering bumping things up a percent or two in the future.
Grade: Pass
Goal #2
Specific – Reduce my credit card debt
Measurable – By 50% or $9,137 (rounded up to $10K)
Achievable – Monthly payments of $762
With all my federal tax refunds, I’ve paid down $2000 on one of my credit cards. I have done some projecting out to December and I don’t think it’s realistic for me to get down to $10K without some other belt tightening.
Grade: Fail, but improving.
New Goal #3:
Specific – Reduce my credit card debt on my highest balance card ~$13K
Measurable – By 50%
Achievable – ~$825 a month
I’m not 100% sure this goal can be met, but in May, I didn’t make the $825 monthly payment I had hoped.
Grade: Fail.
Net worth calculations will be late as my condo is *STILL* under renovation and I can’t get to the PC where I usually keep the numbers. (I have like 2 wks worth of transactions to download on my bank accounts. Reconciling is going to be ugly. But at least I use Quicken.)
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- August 2009 Goals Update 2009 Goal #1 Pay down credit card debt by December...
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{ 1 comment… read it below or add one }
I find it interesting that you post your financial goals online but I guess that it is the intent of your blog — to provide personal advice on money and finance and seeing you willing update your goals for readers is both fascinating and encouraging.
Unfortunately I’m too scared to see my big financial picture on paper because I know that I’m deep in the hole thanks to credit card companies staking out poor college students on campus and funding two degrees at a private university. I’m going through a divorce so I won’t have the savings from the shared expenses to put toward the debt. I read tips at http://www.girlsjustwannahavefunds.com that have been helpful because I’ve seen the stockpile of change raise in the savings account.
I did recently check my credit report and found that I have five credit cards open that I have not or never used in several years. Does keeping them open, albeit unused, help or hurt my credit score? Would you suggest that I close the accounts if I never intend to use them?