Time to update you on our status of our 2013 financial goals since the first quarter of the year is now behind us. The goals are listed below, and I've indicated where we are next to each one.
1) Make maximum contribution to both of our Roth IRA's. And contribute 7% to husband's TSP. This goal is on track. We are contributing $458.33 each month to each of our Roth IRA accounts. The contributions are set up to withdrawal from our checking account automatically. Therefore, we never forget! And of course, the TSP is automatic from my husband's paycheck, too!
2) Pay off truck loan. This was completed March 5. Yippee!
3) Snowflake a Free Christmas, goal again is $750. As of March 31, I have saved $419.02...all from sources outside of our income.
4) Save $4,000 ($2000 each daughter) for college. This goal is on track as well because we automatically invest $167 monthly from our checking account for each daughter.
5) Pay for new intermediate flute with cash, about $1500. The flute was purchased in late January. We put it on a credit card to reap the rewards. I paid the flute off in full at the beginning of March. No interest was charged. We have paid our saving account back $1000. Just another $500 to go.
6) Save $2K for vacation. Not sure where we might go, so that is a pretty vague goal at this point! Eek. No plans and no money right now.
7) Landscaping and furniture purchases. Pay with cash and decide on a limit! No plans here yet. We will purchase when we find what we are looking for and will pay cash. We are not interested any zero interest offers either!
There is where we are. Obviously, we are doing well with retirement and college savings. We also have zero non mortgage debt and it will remain that way! Clearly, I'm working on some other savings goals that are more pay as we go. I do feel a little vague on those. Very hard to meet a goal when the target is not in focus. I'll work on getting those goals nailed down soon.
How are you doing on your 2013 financial goals? Share here or post your own update on your blog.