September 2008 Goals: Trashed
Goal #1
Specific - Contribute to my 401k plan
Done. But I reduced my contributions to 5%.
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
Because I committed to a very expensive Christmas present for my mother, I’m abandoning this goal completely and will probably resurrect it in 2009. I did what I could and it’s down 16% as of this report.
Grade: Fail
New Goal #3:
Specific - Reduce my credit card debt on my highest balance card ~$13K
Measurable - By 50%
Achievable - ~$825 a month
Because this card is the one with good balance transfer rates, I gave my mom Christmas money out of this account.
Grade: Fail
In light of failing on my last two goals, and willfully abandoning them for the rest of the year, what are my goals now? Honestly, I don’t know. The market is a mess and I feel like I should just work on holding some liquidity in the form of cash at my brick and mortar bank. That might sound odd, but I think that’s best for now.
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