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Goals 2011

January 2nd, 2011 at 03:40 pm

Hmmm, a new year - and maybe a new set of goals based on my prior year's goals? I'm going to list mine for this year, then a review of what I wrote last year and how I did.

First for the upcoming year (2011):

Financial:

•Fund Roth IRA fully. No date this year as I will be having some competing expenses I didn't have this past year. It may take all year to complete this.
•Continue max contributions to 457 plan (a 401k plan for gov't types) so that I max out contributions by end of September. I'm keeping this from last year.
•Be happy with spending once in a while (yeah, not frugal, but I need to have a life - so to speak). This is another good one I want to keep.
•Sell more books and other junk to help free up space at home (and make money!). I did well this year and I should be able to keep it up.

Personal:
•Finish cleaning the house - Part way there, I should be able to finish this year (Yeah, I'm slow, but I'll do it - honest!)
•Try the online dating again - I can't quit, can I?
•Continue to volunteer and donate blood. At work there is supposed to be some new program for volunteering - I will need to see what thats all about.
•Start / finish repairs & tasks about the house. - I already started one project today - if only I can keep it up.
•Continue my exercise routine at home. - hopefully the nagging ailments will subside.
•See if I can finish paying my mortgage by year end. This will be tough. I have CDs maturing Jan 2012, so if nothing else I will be able to finish the mortgage by then.
•Get a new (to me) car. - This is going to hurt my finances, but it can't be helped.

Long Term (Post 2011):
•Get my retirement savings to $250K by my 50th birthday (late 2012). My (401k, 457, Roth IRAs) are at $197,000 now so if I can put in $16,500 in the 457 and $5,000 in the Roth each year, this could happen.

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And now lets see how the goals worked out last year (2010) This should be interesting...

Financial:

•Fund Roth IRA fully by June 30 - I met this goal - finished by mid May
•Continue max contributions to 457 plan (a 401k plan for gov't types) so that I max out contributions by end of September. - Another one that worked out, I maxed out in mid September.
•Be happy with spending once in a while - hmmm... hard to say - I did get some great items at yard sales, and I didn't stress over the prices (much). So I'll give this one an ok.
•Sell more books and other junk to help free up space at home (and make money!). If I can get this year to at least be a wash it would be tremendous. - I don't have exact numbers, but I believe my ebay/half.com sales paid for all my ebay/yard sales purchases this year. If not it was close. And I have cleared out some room. So I count this as a success.

Personal:
•Finish cleaning the house - I did ok, but still have a ways to go.
•Try the online dating again, of course trying to keep more of a zen philosophy while doing it. - Ugh. At least I tried for the Zen. The rest - total failure.
•Continue to volunteer and donate blood. - Kept up the blood donations anyway.
•Start / finish repairs & tasks about the house. - Did some - so-so results.
•Re-start my exercise routine at home. - I did workouts at home, usually one or two nights a week - still not as good as I would like - but I see the changes - my body looks close to my high school years now.
•Look into applying for the team lead position opening at work at the end of the year. - That didn't fly - oh well I tried.

Long Term (Post 2010):
•Get my retirement savings to $250K by my 50th birthday. It was around ~$150,000 at the beginning of the year (401k, 457, and a Roth IRA). - I ended the year with my accounts totalling $197,000 - A very solid increase from last year. Barring a market downturn again, this looks like it may happen.
•Determine within 3 years if I want to finish my working career at my current job, and if so find a house to live in closer to work. - no change
•Finish paying off of current mortgage by 50th birthday. - I've upped the payment amount, now I hope to finish January 2012, possibly earlier.
•After the mortgage is paid, buy a new (new to me) car. My current one is getting long in the tooth, hopefully it can last to 2012. - The car had a bad year, its still running but I don't know how long, but I already have a replacement car in the wings that should be available by this spring. Hopefully it no major repairs will happen between now and then.

Whew. Sorry, that was a lot of stuff to read. I know its a lot, but if I can do that, I'll be pretty well set. But isn't that was being frugal is all about? Having a life you can enjoy without worries?

1 Responses to “Goals 2011”

  1. Ima saver Says:
    1293985948

    I agree. It is nice to have a life you can enjoy without worries!

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