last year’s goals

We’re now a full week into the new year, and I realize that I haven’t yet posted our year-end totals.

Part of the reason I’ve waited is that our finances are rather unstable now that Keith is out of work and not eligible for many weeks of unemployment. But if this blog is really to be one where I honestly chronicle our journey toward financial freedom, that will have to include the lean times too, right?

So here we go.

Our financial goals for 2009 were 1) to acquire $1000 in emergency savings, 2) to begin a Roth IRA, and 3) to pay off about $9250 in principal on our debts.

We achieved the first goal, but ended up dipping into it at the end of December. I believe we should be able to fill it back up this week, but that likely won’t last long, as our living expenses now exceed our income.

We achieved the second goal, hurray!

We didn’t achieve the third goal, instead paying off about $6515 in principal on our debts. I have to admit, that is pretty disappointing. But we know which choices we made that prevented us from reaching the number we had hoped to reach this year, and we don’t regret making them. And I will say that after a year like 2008 in which we saw our debt-load increase, it is satisfying to have come to the end of 2009 – a year in which three of us lived on one income in a down economy – and have at least made some headway on our long-term goal of paying off all debts.

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Published in: on January 7, 2010 at 5:01 pm  Comments (4)  

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4 CommentsLeave a comment

  1. You did great! Beating debt is a financial marathon. It will take a long time and more discipline. But you are keeping pace and making great strides. Keep up the good work!

  2. I’m impressed, for one!

  3. A marathon indeed. Y’all did well. 🙂

  4. I’m ALSO very very impressed!!! I think 2010 is our year!!! I have a feeling like this year is going to be a good one!! thanks for sharing!! you’re a great example to me!!


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