Thursday, October 2, 2008

Goals, i kinda need to lay them out...

like i've said before, i looove paying bills. :) makes me happy. i'm really attacking my credit card debt hardcore and with this experiment i'm hoping i can put a lot more towards my debt.

now i should start thinking about being debt free and what i want to achieve once i'm there.

here are some of my future goals:
  • have at least $10,000 in savings (no touchy touchy)
  • establish an emergency fund of $5,000 (car repairs, etc)
  • buy a car with cash in the next 2 - 3 years ($8,000-20,000)
  • have enough for a down payment on a house, about $25,000-30000

Total: $48-65,000

So if I save $1,200 a month, it will take me 40 months/3 years and 4 months to save $48,000 and 55 months/4 years and 7 months to save $65,000.

I don't think this is too unreasonable at all to achieve, provided that I'm debt-free, in fact, I think this is very attainable! I'm quite optimistic about this. :) Nothing makes me happier than planning my future financial goals.

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