Can you believe it’s almost the end of January? Well, I made some financial goals for this year and it’s a good time to see how I’m doing.

• Income: I would like to earn $37,000 for the year.
  • I’m working on some projects, including adding some ads on the site. Human Resources and I are working on the switch from the intern position. Hopefully this will be resolved by the end of this week.
• Spending: I’m going to continue cutting back on eating out to twice a week, including weekends.
  • I’ve definitely improved on this, but not quite down to this average. I forget my lunch in the morning sometimes. I’m determined to prepare it the night before.
• Investing: I’m going to enroll in my company’s 401(k) and meet the employer match. I’ll also continue to contribute to my Roth IRA.
  • I’ve contacted HR and they are going to send the paperwork. If I don’t get anything by Wednesday. I’ll talk to my supervisor. I am contributing monthly to my Roth IRA.
• Saving: I will have $2,000 in my emergency fund by September 1, 2008. I would also like to put our income tax return into our house fund.
  • I’ve been making regular weekly deposits into my emergency fund and should beat the deadline. My husband and I are changing our plans on the income tax return plan.
• Debt: I would like to pay off my car loan by July 31, 2008. I would like to have my car loan out before I have to start paying student loans.
  • With the lower savings rate, the income tax return will go towards paying down my car loan. After it is paid off, the monthly payments will be redirected to the joint savings.

It’s good to review periodically your goals. As you can see some change and others need a reminder to work on them harder. How are your financial goals for 2008?

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Photo Credit:   It’sGreg

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