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2013 on my mind

December 20th, 2012 at 02:35 am

I have a hot cup of coffee, the rest of the house is asleep, I can sit down and really think about 2013!

-I will continue to save 15% of my salary in pre-tax deferred compensation account. I don't intend to touch this money for another 30 years. It has time to grow.

-Complete course requirements for professional certificate: 3 remaining courses in 2013. It might be difficult material and time consuming. It will take some sacrifices of my free time on the home front. But I am learning useful stuff and it will help me with career advancement in the future.

-Save additional $15,000 by December 2013. (I like to send money to my taxable fund in $5,000 increments). It sounds like a lot of money to save, but even if I don't reach it I will get closer than I am now. Or I could play it safer and make the goal $10,000 so that I don't feel like I am worrying about money all the time or stretching my budget too thin.

So I guess the action steps will be:
-set up my finances so that the goals can be funded appropriately. This will be the biggie.
*Goal #1 is already set up through payroll.
*Goal #2 is in progress. I register one class at a time.
*Goal #3 needs to be looked at. There are variables that impact this goal: child support from ex (I plan my expenses out of my own money so that if something goes wrong with child support at least my bills are paid), where we will be living: if we stay in the area I keep my current job, if we move I get another job.

-arrange my schedule so that I can have the time on the weekends set aside for studying.

So not all of the details are worked out yet, but I feel like I have more of a path to follow now than I did before I wrote out some goals.

2 Responses to “2013 on my mind”

  1. creditcardfree Says:

    All the unknowns do make the planning difficult, but if you know the goals, you can make progress and adjust when things become more clear.

    I find savings goals like the $10K easier if you break them down by month, such as saving $833.33 per month. However, if the money doesn't come in that way, it is more difficult! Good luck.

  2. SecretarySaving Says:

    Mamasita- I do the same thing. I plan all of my bills out and then if and when child support comes in then I can throw that amount at something. For instance, the last time I paid off daycare until the end of the school term and funded lunch money until the end of the school term. This next go around I have planned to take that money and throw it into an account for back to school clothes/supplies. I can see where you are going with your goals. Keep at it you're doing great!

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