Saturday, January 1, 2011

2010 Roundup and 2011 Goals

2010 is over, and so are our financial goals for the year.  Did we meet them?  Some.  Not all.  Not most.  December saw us with a few setbacks as well, as we were met with unexpected expenses (emergency fund anyone?)  And while we generally do well staying within a budget for our Christmas gift shopping, we usually grossly underestimate what we'll end up spending on "extras" like food, carpet cleaning, and entertainment.  This year we also made an extremely last minute purchase of a new sleeper couch, something we hadn't planned on replacing anytime soon.

Still, it has not been an unsuccessful year.  There is much to be thankful for for sure, and lots of reasons to be positive about heading into the New Year.

Total debt for December:  
Down by $877.22

Total debt for 2010:
Down by $6562.54

In 2011, we'd like that reduction to at least double.  We also plan to:

1.  Pay off two targeted credit cards, leaving just one with a balance
2.  Bring our credit card debt down to 4 figures. (!)
3.  Increase Mike's 401K contributions

and otherwise,

4.  Just keep doing what we're doing.

Best wishes for a happy, healthy and prosperous 2011. 

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