Wednesday, December 17, 2008

2009 Financial Goals

I have been reading several blog posts about 2009 financial goals so I thought I'd put mine here and refer and update as the year progresses.

  • Pay off my car loan by end of the year
  • Save $14,500 for my portion of a house downpayment
  • Continue educating myself about investing, finance management, etc
  • Educate myself about real estate and decide to purchase end of 2009 or wait until 2010
  • Devise how to combine bank accounts with Ali
  • Increase income by adding a secondary job(web design, computer repair)
  • Continue to not rely on credit for purchases
  • optimize my budget to reduce spending even greater
  • Increase 401k contributions?(perhaps)
I will either comment on this post or update as I complete these tasks. Along with a car loan, I have a student loan. I've been paying the minimum for 4 years now and I need to decide how much more I should contribute to this to get it paid off faster. I could also see a possible new debt of being a mortgage but that is it.

UPDATE: I forgot to include other goals for 2009.
  • Lose 16 lbs to get to 185. I gained some lbs over the past few months and I want to get to that weight for wedding
  • Continue reading books, 1-2 a month(loose range of 12-24)
  • Run the Baltimore Half-Marathon, i've been saying this for 2 years and last year i injured myself. I want to say run a marathon but this is a goal that is up in the air. but we'll say half for now

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