As I've surfed the blogosphere this weekend, I've become energized! Why? Well, Patrick at CashMoneyforLife has announced the Carnival of Financial Goals. Many inspiring bloggers such as BripBlap, Mrs. Micah, and Iowahippiechick have jumped on the bandwagon, so I'm hopping on too!
My primary financial goal for 2008 is to reduce by credit card balance from $11,000 to $2,000 by December 31, 2008. I will do this by increasing my payments from $300 per month to $425 per month from January to June. Then from $425 per month to $1,125 per month from July to December.
I chose this goal because it will help me achieve a longer term goal of becoming debt free by June 30, 2009. I will achieve my goal by stopping my 401K contribution of $110 per month and my financial freedom contribution of $50 per month in January and applying those funds to my credit card balance. Then in June after I purchase the car I'm saving for, I will apply that $700 per month towards credit card.
This financial goal setting got me to thinking. We should set our health goals now too! Why wait until January 1? Let's take the time now to focus on how we become healthier in the new year.
Sunday, December 2, 2007
Wealthy_1's 2008 Financial Resolution
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5 comments:
That is really cool! Good luck with it. :)
Thanks for the mention wealthy_1 :-)
Doesn't this personal finance blogging community get you all psyched up?! I just love it... it really keeps me motivated and moving forward towards those financial goals. I think you did really well setting specific and doable goals for 2008! I'm going to be cheering you on all year!!! Then we can do the happy dance at the end of the year!!!
That's a great goal! I too have been thinking about my goals for 2008. Expect to see them on my blog this week sometime. I just need to finalize them and officially write them down!
Mrs. Micah, Dawn, and Cynthia,
Thanks for your support. And, yes, Dawn we will be doing the happy dance!
Cynthia, I'll be checking your site for your goals on Saturday.
I've also jumped on that bandwagon, and turned my blog into tips along the way.
Best of luck!
Shauna
www.shauna26.wordpress.com
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