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2010 goals

January 1st, 2010 at 12:18 am

My big concrete goals are all financial for the next year. A huge amount of my concentration and effort is going to be devoted to preparing for baby, giving birth to baby and then keeping baby safe and happy and well. I'm excited and intimidated, energized and already exhausted just thinking about it. It's going to be an amazing time, I think.

But I do still have a number of pretty ambitious financial goals. I realize that these might not all get done, but this is what we're aiming for. I would say goals #2, #3, #4 and #5 are the most pressing. If we have to cut way back on birthdays and Xmas, and hold off a bit on paying off the Amex card, it won't be a very big deal. But we'll see how it goes.

#1: Build birthday fund of $600 by 2/28/10

#2: Pay off loan to Dad by 3/8/10 (baby's due date Smile ). Balance as of 12/31/09: $6000

#3: Save at least $1000 for trip to Va. by 6/1/10

#4: Save at least $3000 for trip to England by 7/1/10

#5: Pay off 0% Sears card (stove) by 11/1/10. Balance as of 12/31/09: $861.10

#6: Build Xmas fund of $700 by 11/25/10

#7: Pay off American Express credit card (and thus, become CC-debt-free) by 12/31/10. Balance as of 12/31/09: $10,829

So um, we'll be trying to come up with $22,990.10 to reach all of these goals. In an ordinary year, that would be no problem; we bring home about $80,000 net per year, and we routinely put more than a third of our income toward debt or savings. But with the li'lest wild card entering the picture, it's going to get real interesting!

I'm still going to post monthly debt goals as a way to keep track of how much I'm paying off. My January goal: Pay off $1,999 of debt. Beginning balance: $380,860.

4 Responses to “2010 goals”

  1. Apprentice Bliss Hunter Says:
    1262312994

    I wish you luck reaching your goals !

    Although, of course, Baby arriving safe and well is paramount !! :-) I'm excited for you !

  2. homebody Says:
    1262316627

    2010 is a great year to become debt-free!

  3. Provi Says:
    1262343063

    Congratulations! Yes, budgeting with baby and getting out of debt can be hard. But pray about it, and it's not impossible at all. Happy New Year!

  4. creditcardfree Says:
    1262379183

    Great plans! I'm sure you'll do great in 2010.

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