What are your money goals?

gakline · #1 (**permalink**) 03-22-2005, 11:05 AM

Ok This goes along with the other thread

What are your money goals? Long Term, Short Term, Inbetween Term?

Do you have confidence you'll reach your goals?

My goals:
Contribute $4,000 to my Roth this year.
Grow my cash savings, for future endeavours.
Make additional payments to my mortgage.
Make additional payments to my student loan.
And get out of debt before 2035 (30 yr mortgage).

Armywife · #2 (**permalink**) 03-22-2005, 11:18 AM

My goals:

1K in each child savings account
2K in emergency savings accts
Max out 2005 contributions for my Roth

(That's about all I can afford this year LOL)

PrincessPerky · #3 (**permalink**) 03-22-2005, 12:01 PM

Balance budget
Pay off CC
Save for vacation in DC (DS is bugging me to go)
Get out from under the car and mortgage.

#4 (**permalink**) 03-22-2005, 01:31 PM

Paying off all old debts.
$1k for each child
$5k in our long term savings
$2k in vacation fund.

Until the old debts are paid off though, the rest is kinda on hold.

Kim

michellelab · #5 (**permalink**) 03-22-2005, 01:46 PM

To continue to send extra money each month toward mortgage principle.
To save the money and pay cash for a newer truck for hubby by September (probably wishful thinking considering the truck we want, may have to save for a few more months)
Save the money for my October Florida beach vacation (a must have)
To not use a credit card for anything, at all!!
We finally got completely credit card debt free last month, and gosh it feels so nice, I don't ever want to go back.

Momof3grls · #6 (**permalink**) 03-22-2005, 01:53 PM

Mine for this year are pay off my house because of high intererst rate. ANd then pay off small balance on cc which is at 0% but needs to be paid off. And after that my goal is to buy a little newer car.

jacquelynrose · #7 (**permalink**) 03-22-2005, 01:55 PM

Right now my primary focus is a Car and I have a Short Term Savings Account for that with a Credit Union. Then after I will start my ING account for My Long Term Savings Goals for a down payment on a house. I have more Goals but these are my major ones.

Jacquelyn

mjrube94 · #8 (**permalink**) 03-22-2005, 02:36 PM

Short-Term: Pay off balance of home equity line by April 2006. Pay off car loan by December 2006.

Long-Term: Pay off mortgage, save for kids' college, and retirement.

I'm confident that I'll reach them (eventually). I'm less confident that I'll meet them by the dates I laid out...

miclason · #9 (**permalink**) 03-22-2005, 02:58 PM

Debt-free in 2007 - long term
Bring all outstanding accounts up to date - short term
Pay off 1 credit card - mid term

They look deceptively easy!! But it will be tough!!

DivaJen · #10 (**permalink**) 03-22-2005, 04:09 PM

Short term - Build savings back up to where DH and I feel comfortable (we have a number in mind and are about $2500 away). After that's done, save money for vacations and home improvements.

Long-term - Pay off house in 18 or fewer years, be able to retire once DD is through with college (she's five now), and be able to pay for DD's college tuition.

PRICEPLUS · #11 (**permalink**) 03-22-2005, 08:19 PM

Short Term Money Goals:

1) Emergency fund of between 8 and 10 thousand dollars.

2) Replacement fund major household appliances.

3) Save up for car replacement.

Long Term Goals:

1) Save up for the kids college fund.

2) Save enough for retirement. (I don't think SS will be there for me)

I guess I have a bunch of goals but this is the short list.

singinjeannie · #12 (**permalink**) 03-23-2005, 08:44 AM

Pay off debt. Where we are now, it'll take about 5 years to get out from under CC debt. We owe about $50,000 in debt outside of our home.
Van: $10,500
CC#1: $ 3,250
CC#2: $16,800
LOC: $13,200
Mortgage: $126,000
Business CC: $6,500

Ugly, isn't it. We only bring home about $ 42,718.00 after taxes, health insurance, etc.
Getting out from under this debt seems nearly impossible. Sigh, sigh, sigh.

-Jean

kashi · #13 (**permalink**) 03-23-2005, 08:48 AM

Short Term:
-Fully pay off 0% interest credit card debt by June 2005
-$2000 into savings in 2005
-$2500 into Roth IRA in 2005
-$450 Christmas gift fund for 2005
-not let my car insurance payments drag on for six months
-stop using credit cards!

Long Term:
-pay off one college loan in 2006
-pay off other college loan by 2009
-save for a car
-learn about homebuying
-have a large emergency fund
-put allowed amount into Roth IRA every year

orquidea · #14 (**permalink**) 03-24-2005, 12:36 PM

My money goals:

SHORT TERM
-Save for overseas trip to visit inlaws in May (just paid $2500 for airfare alone-yikes!)
-Continue contributing to 401K up to employer match and start adding to my initial investment in my Roth IRA
-Stop checking (hourly!) the realtime quotes for the stocks making up the majority of my mutual fund holding.
-Stop spending so much money on food!

MEDIUM TERM
-Save for downpayment for a house (aiming for as close to 20% as possible)
-Put money aside for moving expenses for moving to Texas in a year or two (I hear the housing market in Houston is very reasonable).

LONG TERM
-Buy a house
-Pay down my student loans. I'll be paying on these forever, so I generally see my income as my salary less my student loan payment! It's all worth it though

Luckily, I was able to consolidate at a low interest rate.