Tuesday, May 6, 2008

Resolutions? What resolutions?

I haven't made New Years Resolutions since I was in high school. I broke the tradition in 2008 because I have a lot that I want to accomplish. I also enjoy working toward and accomplishing planned goals.

There are 239 days left until 2009, so let's see how much progress I've made on my 2008 goals.

  1. Increase my net worth to $30,000. My net worth at the start of 2008 was $21,494. My net worth has increased by $4,920 to my current net worth of $26,414. I need to accumulate an additional $3,586. Since I'm going to graduate school in August, I think this goal will be very difficult to reach (especially considering the expensive moving costs). I think this goal is at the whim of the markets.
  2. Lose weight. I started out the year at 140 pounds, and I am currently at 137 (with a low of 132 pounds). I hope to reach at least 125 pounds before the end of the summer.
  3. $3,000 in emergency fund. I will have to deposit at least $200 in my EF every month....this is going to be my most difficult goal. Even with the $600 rebate check, I will still have to deposit at least $175/month into this account.
  4. $4,000 in down payment fund. Since the beginning of the year, I have added $1,348.57 to my down payment account. In order to reach this goal, I will need to add an additional $145/month.
  5. Get into graduate school. DONE! I've even decided that I'm moving South!

I think I can get my net worth up to $30k if the markets agree. However, I think I will have a difficult time contributing to my EF and down payment account while I'm in graduate school. My income will be less than half of what I'm making right now. I plan on down grading my life, but I'm not sure how fast/much I will be able to cut back.

3 comments:

Beany said...

Congrats on getting into grad school

budgets are sexy said...

I agree - CONGRATS!!!! Mrs. Budgetsaresexy just got accepted over here in the DC area, so i'm looking forward to hearing how it effects all of our financials ;)

Wahoooooo!

LP said...

Congrats on school! I've lived in the South all my life (TN, MS, and AL) and love it here, no matter its faults.