2009 Financial Goals: May Update

>> Friday, June 12, 2009

Well, I had forgotten to do this until I saw MoneySavingMom's update. This is how May went for us.

1) Pay off my husband's car.
Completed in January. Yay!

2)Make monthly "car payments" into a car savings account each month.
Made a partial payment.

3)Build our emergency fund up to six months of living expenses.
Increased savings from 39.4% of goal to 40% of goal.

4) Continue our normal contributions to retirement savings.
done

5) Paying extra on our mortgage.
Still rounding up for small extra payments

6)Save $1000 to cover all expenses for next Christmas.
Account is 69% funded.

7)Finally, by the end of the year, we plan to evaluate our savings plan and find a way to begin saving for college expenses.
Not there yet.

4 comments:

Mary Ellen ~ Carolina Momma June 12, 2009 at 3:36 PM  

Sounds like you're making great progress on your goals! Thanks for visiting my blog.

Rachel June 12, 2009 at 6:08 PM  

Your doing great on your goals for this year! I am very impressed that you have 69% of your Christmas savings...that is something I haven't even thought of yet but need to since it is almost less than 6 months away!

Jerri - Simply Sweet Home June 13, 2009 at 7:29 AM  

Look like you have some goals and plan laid outo. We're trying to make similar plans ourselves, but we keep getting unexpected set backs. I can't wait to get back on track!

Tracey June 15, 2009 at 4:48 AM  

You're making progress! Hope June is a great month for you!

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