Thursday, December 31, 2009

2010 Financial Resolutions

The end of the year is the perfect time to sit down and review your family's financial goals. Even if you didn't meet the goals you wanted to in 2009, it's still important to set new ones for the upcoming year. These goals not only inspire and motivate you, but they keep you accountable too. Below are some of our family's financial goals for 2010:

-Save $1000 for Baby expenses by May 31st

-Pay off $10,000 in student loans by December 31st ($15,000 would be ideal)

-Save $5000 for a 2nd car by August 31st

We have a big year for us financially. Not only will (God-willing) our income increase drastically with a full-time job, but we'll be welcoming a new member into our family in June. With the job will likely come a move as well.

We currently are following Dave Ramsey's Debt Snowball plan to work our way out of nearly $50,000 in student loan debt. Our hope is to have all of that paid off within 2 1/2 years. It will be hard work, but we want to live like no one else now so we can live like no one else later!

What are some of your 2010 financial goals?

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