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Updating 2016 Goals

December 23rd, 2015 at 11:51 pm

I really want to start thinking about next year's goals, but my work just dramatically ramped up! I really want to b concentrating on relaxing, Christmas dinner and 2016, but right now I'm trying to answer bidder questions. We are issuing an addendum on 12/29... crazy!

Anyway, I decided to take a quick minute to look at last year's financial goals and amend them for 2016.

FINANCIAL GOALS
- Retirement - increase from $730/month to our IRAs to $800 per month and increase what D puts in the employee matching plan from $249/month to $265

- Mortgage (our only debt) - Hope to pay down $12,000 in additional principal this year. Total paid to principal for 2016: $0 so far but I have $10 from a Craigslist sale.
Currently will be paid off entirely July 2019.
Owed at the beginning of 2016: $43,109
Now owe: $43,109

- Tuition - increase amount we pay out of our budget from $750 to $800 (which will reduce the amount we take from school savings each month and stretch that out until we pay off our mortgage)

- Car Savings - continue putting in $150 per month (automatic withdrawal)

Also Christmas Dinner:
- Turkey (brought by my friend M)
- Ham (brought by my friend B)
- Potatoes Dauphinoise (me!)
- Wild Rice (me)
- Roasted Veggies (me)
- Salad (B)
- Gingerbread cookies (M)
- chocolate cake (me)
- wine (M)

Now for relaxing...

Posted in Frugal Living | 4 Comments »

4 Responses to “Updating 2016 Goals”

  1. creditcardfree Says:
    December 24th, 2015 at 12:21 am 1450916496
    1450916496

    Enjoy all the relaxing moments you can get!

  2. PatientSaver Says:
    December 24th, 2015 at 12:23 am 1450916611
    1450916611

    Are you putting your retirement money into a traditional IRA or Roth IRA, or a 401k? I'm putting $800-odd dollars into a Roth 401k monthly, which is after tax, but if I were doing pre-tax deferrals into a traditional 401k, it would be quite a bit more money.

  3. FrugalTexan75 Says:
    December 24th, 2015 at 12:26 am 1450916767
    1450916767

    We had people at our office today doing a pre-bid walkthrough (cleaning company.) There were quite a few that came = some were quite late!

  4. Buendia Says:
    December 24th, 2015 at 03:38 pm 1450971536
    1450971536

    Creditcardfree - yes, a relaxing morning! Then the other members of the neighborhood Design Review Committee are coming over for a few minutes to look at someone's plans. Then maybe x-c skiing around the high school field for a little bit...

    Patient Saver - I have a traditional IRA/SEP for my business (where I put some of my profit). But the $800 per month is in roth IRAs. And D's 265 gets matched and goes in pre-tax...

    FrugalTexan - that sounds so flaky! Annoying when they're late because you wonder how they'll be if they get the job!

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