It's a New Year and a new beginning to your financials! I have to admit that I always spend time making a budget then I follow it for about a month and then it's forgotten. This year I am GOING to make a budget and stick to it!!
I am also going to:
Max out my Roth IRA ( Contribution limits for 2009 is $5,000 if you are age 49 and below and $6,000 if you are above 50).
Contribute to 401K (at least up to my employer's match)
Open a 529 Savings
Contribute to my Emergency Fund
Pay towards the Student Loan principle
I am sick of the student loan payments always going to the interest rate. I WILL make a dent in that loan!
What are your goals for the New Year?
January 5, 2009
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Hey - nice blog! Was wondering where you were at with the debt payments - 50% seems way too high! Assuming that's minimum payments anyway. I am probably about 50% of my income to debt every month, but that's WAY over my minimum.
ReplyDeleteI highly reccomend Dave Ramsey. I did a lot of what you are doing, trying to pay stuff down and do retirement at once. Of course, I was buying retirement funds when the market was high. Now, when it's low I still have the debt. Work on 1 thing at a time and you will feel the progress and intensity.