2007 Goals

bjl584 · #1 (**permalink**) 12-08-2006, 07:09 AM

As we wind down 2006 I am wondering what everyone's financial and personal goals may be for the coming year. Personally, I have a HELOC that I want to get paid off, I need to bump up my ROTH IRA contribution to max, and I am going to be finishing up my MBA. There's also a few projects that I want to get completed around my house.

Broken Arrow · #2 (**permalink**) 12-08-2006, 07:46 AM

Here

Lonewolf · #3 (**permalink**) 12-08-2006, 01:52 PM

I am with you on the Roth IRA, if not Max, as close as I can. In addition, have a car loan I'd like to eliminate with my bonus next year if all goes well (and start paying myself for the next car down the line). If my only Debt can be Mortgage and school loan, I'd be a happy person . . .

markio26 · #4 (**permalink**) 12-08-2006, 03:10 PM

no new goals for 2007 yet... i just want to end this 2006 year first.... we spent more money this year, than we ever had... our house flooded remember from a water line that connected to the icemaker... costly, but insurance kicked in.. we upgraded everything and i bought a new 2006 dodge caravan sxt.... i may pay another credit card off before the end of the year, debating on that one.....

creditcardfree · #5 (**permalink**) 12-08-2006, 03:50 PM

Max out our Roth IRA's and put 3% into husbands TSP account.

Contribute $2000 to our two daughters ESA accounts.

Pay down our HEL by at least $7000.

Take a vacation with cash...maybe Mt Rushmore.

Buy a new van? Not sure on this one, may need to wait for a raise.

shadon · #6 (**permalink**) 12-08-2006, 07:44 PM

Pay off $7000 in personal debt.

Get a part-time job.

Get EF up from $965 to $2000.

Start a savings account specifically for the month of November when about $2500 worth of bills come in all in the one month!

jodi · #7 (**permalink**) 12-08-2006, 08:49 PM

1. Pay off 0% cc before the rate ends in August ($4800)
2. Pay off my student loans ($6000)
3. Remodel our bathroom ($???)
4. Get EF back up to close to $10k

puck36 · #8 (**permalink**) 12-08-2006, 11:02 PM

Well I'm 100% debt free and have my EF done. My goal for the rest of 2006 and most of 2007 is to save all that I can so I can have as close as I can to a 20% down payment on a house.

lrjohnson · #9 (**permalink**) 12-09-2006, 01:12 AM

Get over being intimidated by financial stuff and read investing books

Look at my Deferred comp 457 plan, change holdings if necessary, bump up contribution

Invest a minimum of $2000

Put another $4000 in my Roth IRA

Look at my non-Roth IRA holdings

JBinKC · #10 (**permalink**) 12-09-2006, 08:04 AM

Sell all of my winning stocks/mutual funds and rollover/transfer my 401K assets to a self directed IRA.

Sell my illiquid assets- My primary house and suburban land plot and increase my land holdings in rural areas.

Make a decision if I should stay retired or work again.

Reldon · #11 (**permalink**) 12-09-2006, 04:39 PM

Max out my contribution for my IRA.
Get a raise.
Pay as much off my mortgage as possible.

frugalmomof1 · #12 (**permalink**) 12-10-2006, 06:02 PM

See my blog for 2007 goals.

humandraydel · #13 (**permalink**) 12-10-2006, 09:49 PM

My goals for 2007:

Contribute $4500 to 401k + Earn $3400 in company match = $7900

Save $4,000 in Roth IRA

Save $6,000 for house downpayment

These are certainly achievable goals, but they don't leave much room for error! How achievable do you guys make your goals? It would be nice to "beat" your goals, but having such lofty goals for myself helps me stay focused.

rduell · #14 (**permalink**) 12-11-2006, 02:45 AM

See signature:

Ima saver · #15 (**permalink**) 12-11-2006, 09:14 AM

I want to pay off a piece of property that I owe $24,000 on.
I would like to pay off my car.(almost $20,000)
I would like to have over $400,000 cash in money markets and cert. of deposits.
I would like to save $20,000 in the 20 dollar challenge.

lucasrd · #16 (**permalink**) 12-11-2006, 11:32 AM

Continue for wife and I to max out 401K (15K each)
Get EF up to $25,000 ($13K now)
Invest $12K into current mutual fund basket w/ financial planner
Invest $12K into self directed mutual funds
Invest $6K into individual stocks

this should give me a cushion of $10,000 to play with and maybe pay off my car if all goes as planned.

abowers · #17 (**permalink**) 12-11-2006, 03:01 PM

Financial Goals: Finish paying off my promotional 0% cards by June and July before the 0% period is over; AND to keep saving for our August wedding.

Personal Goals: Procrastinate less with my grad school work, continue going to the gym/exercising 3x a week. Also, to be less of a packrat.

genmed · #18 (**permalink**) 12-11-2006, 03:25 PM

2007.. already? I can't believe it's almost Christmas, or even winter as warm as it's been lately.

For 2007:
Try to get the student loans down to around 30,000 -- might be hard as I'm still paying tuition.
Build up or emergency fund to $5000.
Contribute 4000 to Roth IRAs.

meaghanchan · #19 (**permalink**) 12-11-2006, 05:38 PM

My goals for 2007: To save $6000 for retirement, in my Roth IRA and my taxable account; to put $4000 towards a 'someday I may want to buy a house' fund; start saving for a vacation to Europe in (hopefully) Spring 2008 and a nice camera to take there with me.

disneysteve · #20 (**permalink**) 12-11-2006, 07:53 PM

Contribute $15,000 to my wife's 403b.
Contribute $8,000 to our Roths.
Contribute $4,800 to our daughter's 529.
Add $3,600 to our taxable mutual fund accounts.
Make some extra principal payments on our HEL.
Replace our current life insurance policies as rates have fallen.
Take a summer vacation with out Marriott reward points paying for the accomodations.
Buy a shed for the backyard.
Clean out the garage and buy a new freezer once I make the space for it.
End 2007 with at least $400,000 in our portfolio.