For the past few years, I've been trying to write down my new year's resolutions and have tried my best to keep with them. 2007 was a good year for keeping with resolutions. 2008 wasn't as good but I did meet just a couple. Hopefully 2009 will be a good year as well. I am trying to be specific with my goals but not to extreme. So here goes....
I've broken these up into 3 parts: debt, savings and personal
1. Pay down debt:
a. Pay off visa which has shy of $2k
b. Pay off half of Amex which has shy of $6k
2. Build up savings:
a. Increase my CD funds from $13.4K to $20K.
a1. Any interested earned on the CD goes back into the CD
b. Build up SB savings account by direct deposit from paycheck - $250/mo.
b1. use $75/mo of these funds to go into the emergency fund
(I have now set up an E-trade savings account that earns 3.01%)
c. NO SPEND TUESDAYS.
This is a completely new one. I read some blogs on different ways to earn extra money or save extra money. One suggestion was to pick a day to become no spend days. So I've decided to take this on. And the money I would normally spend on this day (lunch, bus/subway fare, etc) will go into my savings account.
d. Extra income earned through ebay business/surveys/cash back/etc will go be split - 50/50 debt and savings.
e. Save $5 bill. This will be deposited into my piggybank.
Another idea I found through other blogs.
f. Any change (coins) will also go into my piggybank.
g. If any bonus is paid at work, 50% will go to debt, 15% CD funds, 10% savings, 10% me.
3. Personal:
a. Lose another 25 lbs. (approx 2 lbs/moth).
2008 I completely plateaued. 2007 I lost a little shy of 60 lbs. So I need to get back on the losing track.
b. Join 2 classes at the gym - mini trampoline class and another (perhaps pilates or yoga)
c. Run at least one 5K in the spring, summer and fall
d. Check out new single events -- or venues to meet more people (ie...wine tasting event...my church's monday night coffee house
And that would be it, folks. Wish me luck!!!
Thursday, January 1, 2009
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Hate to be a niggler...but I'm having trouble understanding why you want to hold so much in CDs @ 4%-ish when you've got CCs charging you 8-10%? Especially since it looks like you've got a terrific CD savings cushion! Do you ladder them?
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