Post your financial goals for 2018

[phantom]

We haven't looked at specific numbers yet, but the main goal is to have a second baby without running out of cash. I need to get some specific numbers and start figuring out how much we can set aside for other goals and still pull that off.

[MonkeyMama]

MM - do you guys have a plan to get there? Like adding more principal to your investments or changing your asset allocation?

I am asking because this is the part of personal finance that I love.

We are at a point in our lives where investment returns are building our wealth more than we are (income/savings). So there's not a whole lot of strategy beyond "stay invested."

I am only 40, so I don't see making any changes to investment allocations.

We do save/invest 30% of my income and then invest all of my husband's very small/side income. Retirement has been our primary (only?) financial goal since our mid 20s, so pretty much we just invest as much as possible. Our strategy has always been to "pay ourselves first". Savings/investments first, and then live off the rest.

[Out of the Dark]

Stay Money Smart

My goals are:

1. Stay engaged on SA;
2. Fully fund my ROTH IRA;
3. Maintain consistency in my mortgage pre-payments;
4. Continue to add to MM360 Account.

[bennkar]

For us, it's simple:

$1M in savings. We're at $800k right now.

That's a big jump in one year. I'm near $850k at the moment, and I don't see how I could hit $1M by the end of 2018 (though its a nice goal). I would like to see $925k by the end of year, I could live with that.

Today my GF passed the $950k mark. Maybe she can make it to $1M (she is paying for her kid to go to college, so her savings are minimal right now).

[Joan.of.the.Arch]

I didn't think I (we) had any goals, but now that someone mentions a goal of $0 medical expenses, I realize my big goal/concern is that I remain insured (health insurance)! We're making a change as my husband goes on Medicare, and I have this fear of a bureaucratic screw-up which would leave me uninsured, as it has been through his past workplace that I have insurance.

It was a retirement benefit to be able to stay on the workplace plan so long as we pay the entire amount ourselves. That has been our best way to get insurance. To continue on it this year, my husband must buy part of his Medicare plan through the same system and insurance company.

[Outdoorsygal]

$1 more per hr raise starts Jan 2018 (about $43 a wk)
+30 more Paid Time Off (PTO) hrs

I just received a raise of $2.34 per hr

$1400 per yr in seasonal rental income
My husband will build a sunroom in the back of our new house to rent out... along with the back bath & shared laundry.

Hopefully sell our land for 80K-100K sometime soon or in 2018

[msomnipotent]

I forgot to add that my main goal is maxing out the 401k contribution next year.

[amastewa93]

Main financial goals in 2018: working on increasing my credit score, paying down my student loan debt, opening a retirement fund.

As always, I'll also be saving money (currently saving for a 20% down payment on a home).

[AJ444]

Save half of my income, spend half of my income. I can’t predict the market so I always have a savings goal instead of a net worth goal. I just created my 2018 budget to accomplish it.

[disneysteve]

My husband will build a sunroom in the back of our new house to rent out

Maybe sunroom means something else where you live but I'm wondering why anyone would rent your sunroom. Around here, a sunroom is basically an enclosed patio.

[Gailete]

Hoping to get our rental property completely paid off in about 4-5 months at this point. We owe less than $1700 at this point.

Work on paying off credit card bills and paying extra on the mortgage.

I need to take the time to check into insurance premiums on the car and home to see if we can get some savings there.

See if I can find some other sources of income. I got a few leads on that.

[scfr]

The big 3 are:
1. Contribute same percentages to tax-deferred retirement savings.
2. Maintain health insurance (losing employer-supplemented coverage Jan 1 with a decade to go until Medicare eligible)
3. Make decision about relocation

Lots of other small ones, but these 3 are the "biggies."

[msomnipotent]

Maybe sunroom means something else where you live but I'm wondering why anyone would rent your sunroom. Around here, a sunroom is basically an enclosed patio.

I took it to mean that they have a house they want to rent out and are building a sunroom onto the back, but I could be wrong. I would love a sunroom, specifically one with a heated tile floor. I like to grow plants, and it would keep the muddy dog prints out of the house.

[kork13]

Most of our finances are on autopilot right now, with only minor adjustments needed. Debt free except low-rate mortgages, EF in good shape, and retirement accounts on a good path. So our financial goals aren't too exciting.

- Continue to contribute to TSP & Roth IRAs for DW & I at current levels (keeping our TSP contributions at ~$18k/yr, not bumping up to hit max)
- Save on schedule for DKs 529 plans
- Get a new (or renewed) tenant leasing our rental in the summer with minimal vacancy time
- Make some career choices.... Decide on whether or not one or both of us will be leaving military active duty in 2019, and make plans accordingly (if "No", then bulk up taxable savings... If "Yes", start working on getting the job I'm looking at, and also invest in some desired home improvements).

[disneysteve]

I took it to mean that they have a house they want to rent out and are building a sunroom onto the back

Ah. That would make a lot more sense. That's now how I read it at all.