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2018 Goals

December 30th, 2017 at 03:49 pm

It's hard to do a lot of detailed planning for 2018 because we will be having medical bills and we don't know exactly how much those will be, and we also have a renter moving out as of Feb 1st and no new tenant lined up yet. Also since we know we have medical bills coming up we changed our medical plan for 2018 to a more expensive plan, and also started contributing to our HSA again, so my take home pay will be less, but it should be the best for us in the long run to keep bills manageable.

But for now we can at least see where we will be with the minimum payments on our debts and other personal goals.


2018 Goals

Savings
-Pay in cash for Vegas trip
-Keep savings at/above $5K by end of year

Debt
-Mom Loan #2 (From $17,327.47 to $10,410.84)
-Store Loan (From $7,116.12 to $4,078.11)
-Rental #1 Mortgage (From $149,980.00 to $146,380.00)
-Rental #2 Mortgage (From $83,740.75 to $81,520.75)
-Our House (From $246,688.21 to $241,855.85)
-STRETCH GOAL Total Debt Balance down to $474K or less. That would be if things go well and we could payoff the Mom Loan. That would put us down $30,852.55 for the year (Currently at $504,852.55).

Retirement
-Continue contributing 6% to 401K
-Research and review allocations of ROTH and make appropriate adjustments

Health
-Be positive and thankful for what I have
-Lose 50lbs

Home Improvements and Rental Updates
-Complete minor repairs at Rental #1 (hole in wall)
-Plant bigger/better garden at new house

2 Responses to “2018 Goals ”

  1. Amber Says:

    You got this, happy 2018 🎆

  2. frugaltexan75 Says:

    You can do it!

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