Back in February when I started this blog, I set 3 simple goals for 2013. 1. Save $2,000.00 for emergency fund.
2. Save $5,000.00 toward house down payment. 3. Payoff 3 little loans I have with fedloan, which is around $2,000.00. And I’m changing number 2 to paydown student loan as much as possible and save $1,000.00 toward moving fund.
Couple of weeks ago, I mentioned how my hubby and I don’t know when we’ll buy a house, during or after paying off our loans. So we decided to not keep $5,000.00 and just put that toward moving that we’ll have to do next year and the rest to our student loan payment until we have more solid time frame for our house purchase.
Let’s see how we’re doing so far on each goal.
1. Save $2,000.00 for emergency fund. (On track) We have so far $1,000.00 in emegergency fund. I think we’ll hit $2,000.00 by end of October or early November.
2. Save $1,000.00 for moving and pay down as much student loans as possible. (Need more work) We’ve been paying extra for each student loan payments, but there’s only $100.00 in moving fund so far. Need to work on building that, so we don’t end up using our emgergency fund and in worst case, use our credit card. Yikes!
3. Payoff 3 small fedloan loans around $2,000.00. (On track) Paid off 2 and I’m planning to pay the last one off the next payment cycle. Then I can focus on my Salliemae ones and my hubby’s.
To be honest, I’ve been changing my goals constantly. Just little changes here and there and back and forth. But I decided to leave most of them alone other than the house down payment plan since that’s a pretty definitive answer for now.
How are you guys on your 2013 financial goals so far? Have your goals changed?