I had 3 big picture financial goals for 2013 and in July I tweaked a little bit and evaluated how we’re doing so far at that time. I’m proud to say that all 3 are done and early might I add. They were all relatively easy goals to reach and some people might say that I’m being too easy on myself. Well that may be true, but I know myself well enough to gauge the level of goals I need to set to not quit and finish it. This is not a sprint, but a marathon. So I’m pacing myself and so far so good in my opinion. I think that’s all that matters. It’s a personal journey, so no matter how grand your goals are and how great other people think they are, if you’re not motivated and overwhelmed, what’s the point?
The first goal was to save $2,000.00 for an emergency fund. There was $1,000.00 in that fund in July and now there’s exactly $2,000.00 in there. I still don’t feel comfortable with just $2,000.00 as our emergency fund, but this is just a starter emergency fund while paying down our debt. I do want to one day have 6 months fully funded emergency fund, but let’s not get ahead of ourselves.
The second goal was to save $1,000.00 for our moving fund for next year and pay down our debt as much as possible. We now have $1,000.00 for moving next year and my student loan is below $15k mark and 401k loan has all been paid off. We also cash flowed hubby’s fall MBA tuition and we have enough to pay out of pocket for his winter tuition. Well, 401k and most of fall tuition came from my hubby’s job switch, mostly from his severance pay and unused PTO money. But we didn’t blow that money and put all that towards debt and not getting into more debt.
The last goal was to pay off the 3 small fedloan loans that I had around $2,000.00 balance. That’s been paid off a couple of months ago. Now we’re focusing on saving money for hubby’s tuition and paying down my student loan. Even though these were all attainable goals, I was a little worried because we had and still have a lot of expenses coming up. But we made it ahead of schedule and can now focus on paying other student loan debt. I do have 2014 financial goals already in mind, but I’ll post it later so this post doesn’t get too long and confusing.
How are your 2013 goals coming along? Are you ahead of schedule or behind?