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
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.