Friday, December 31, 2010

Money Goals for 2011 and review from 2010



2011 Money Goals

Well, with 2 babies on the way and me being out of work for about 5 months this year is gonna be a tough one. Lets see what we can do!


Debt

  • Pay off Medical Bills from Dr. Guerreri, Lake Health, Dentist, Pediatrician appointments, Labs
  • Keep paying Adams Big Loan-I would like to get this to $28,000 at the end of this year
Save
  • Continue to contribute the max to my Roth $5000
  • Start college savings accounts for the kids, goal of $100 each this year?
  • Save for a new car for winter 2011 probably :(
Frugal
  • Make Homemade baby food
  • Breastfeed
  • Use recipes with less ingredients
  • Free/Cheap stockups at drugstores with coupons from newspaper
Home
We did so much in 2010! I am not sure what we have planned for 2011...
  • Drywall Office
  • Paint office
  • Floor in office
  • Carpet Living Room
  • Get closet doors
  • Install counter top in bathroom
Organize Accounts
  • Call Fidelity about CCF 403B rolling into Roth
Budget
I have to sit down with adam for this part...

Review of 2010 Goals
Overall I think we did well. Our house took up most of the money, but we have done so much around here! Heres a review:

Goals 2010
  • pay one fund at a time and get to the goal of the emergency fund $5000 first
  • Keep paying Adams Big Loan--extra payments once small loan is gone-
  • Save $40 in HSA fund
  • Get bank account to $10000 pay off medical bills and then pay off adams small loan
  • Buy a boiler
  • Consider Refinancing our House---4% 15 yrs! Plan to payoff in 12 yrs
  • Redo downstairs plumbing ($1100)
  • Continue to contribute the max to my Roth $5000
  • Close Huntington and move money to northwest saving--2/10
  • Pay $450 more for basement plumbing done 3/5
  • Buy Cavs season tickets...make a fund next year!--bought 3/10---did not start for next year
  • Use Thank You rewards for Adams Loans-- used them! 5/10
  • Opening a Schwab 2% Cash back card--will use all cash back for Adams loans 5/10
  • Pay off Adams Small Loan by December--PAID OFF!!! 6/10
  • Get Emergency Fund Back to $5000--5861.43!! 6/10
  • Once we get the Schwab card, get rid of Citi---done with citi! 6/10
  • Get Baby Fund to at least $5500(we have changed this goal to $10000 due to bedrest)- currently at $10002.00--GOAL MET!!! 9/10
  • Start IKEA fund so we can go on a shopping spree haha ($1000 goal)- went on our shopping spree :) 9/10
  • Look into different mutual funds for Roth...--done 9/10 will check back 12/10
  • Start Boiler Fund and buy a boiler this year with tax credit Save $3000-- Got the boiler installed, about $6000
  • Pay off Adams Small Loan by March done!
  • Pay all medical bills etc with HSA Fund--used up all of our HSA :(
Home in 2010
  • Paint upstairs bathroom orange-- bought paint 1/10
  • Put in new toilet and plumbing downstairs done 5/10
  • Get window treatments for bedrooms done 5/10
  • Put in new toilet upstairs done 5/10
  • Install toilet and sink done 5/10
  • Paint downstairs bathroom-- bought paint 1/10
  • Install bathroom floor--floor boards are down! 3/10 installed 8/10!
  • Paint Guest Bedroom--Base Coat and Closet are painted! 2/10
  • Buy carpet for guest bedroom--done 8/10
  • Buy floor for downstairs bathroom--bought 4/10
  • Redo electrical box- done 3/10
  • Get all downstairs plumbing done--done 3/10
  • Get Drywall done in downstairs bathroom-- done! 3/10
  • Put downstairs bathroom floor in done 5/10!
  • Paint Bathroom done 5/10!
  • Buy bathroom sink- done 4/10
  • Install dryer--done 9/10!
  • Install cabinet in bathroom--done 9/10
  • Buy upstairs carpet for guest room--done 8/10
  • Paint upstairs guestroom--done 7/10
  • Take a trip to IKEA to furnish guest room before babies come--done 9/10
  • Put shelves up in blue room done 10/10 and babies room
  • Set up babies room with cribs done 10/10 and gliders and decorate
  • Get chimneys inspected done 11/10
  • Get a new boiler done 11/10
  • Get babies dresser organized and sheets on the cribs kind of done 12/10

Thursday, December 9, 2010

Money Goals for December





Debt
  • Pay of Medical Bills from surgery- currently $277.06 for lab and $226.96 10/1 Dr Guerreri $530.96 will pay minimum right now because thats all we can afford...
  • Keep paying Adams Big Loan--extra payments once small loan is gone-- no extra this month due to other expenses. Currently at 32,169.55
Save
  • Continue to contribute the max to my Roth $5000-- 2010 roth-currently at 4,411.00 added $416
  • Start a new carpet fund-- started with $10--on hold :)
  • Start saving for baby stuff that we dont get at the shower--no savings right now, just trying to pay bills
Frugal
  • No More than $200/mo on groceries--spent $207 will continue with monthly meals, its hard to get to the grocery store together more than once a month!
  • Free/Cheap stockups at drugstores- I got some stockups on diapers,wipes and cleaning stuff

Home
  • Paint upstairs bathroom orange-- bought paint 1/10
  • Put in new toilet and plumbing downstairs done 5/10
  • Get window treatments for bedrooms done 5/10
  • Put in new toilet upstairs done 5/10
  • Get closet doors
  • Install toilet and sink done 5/10
  • Paint downstairs bathroom-- bought paint 1/10
  • Install bathroom floor--floor boards are down! 3/10 installed 8/10!
  • Paint computer room
  • Install Floor in computer room
  • Paint Guest Bedroom--Base Coat and Closet are painted! 2/10
  • Buy carpet for guest bedroom--done 8/10
  • Buy floor for downstairs bathroom--bought 4/10
  • Redo electrical box- done 3/10
  • Get all downstairs plumbing done--done 3/10
  • Get Drywall done in downstairs bathroom-- done! 3/10
  • Put downstairs bathroom floor in done 5/10!
  • Paint Bathroom done 5/10!
  • Buy bathroom sink- done 4/10
  • Install dryer--done 9/10!
  • Install cabinet in bathroom--done 9/10
  • Install countertop in bathroom
  • Buy upstairs carpet for guest room--done 8/10
  • Paint upstairs guestroom--done 7/10
  • Carpet Living and Dining rooms
  • Take a trip to IKEA to furnish guest room before babies come--done 9/10
  • Drywall Office
  • Paint office
  • Floor in office
  • Put shelves up in blue room done 10/10 and babies room
  • Set up babies room with cribs done 10/10 and gliders and decorate
  • Get chimneys inspected done 11/10
  • Get a new boiler done 11/10
  • Get babies dresser organized and sheets on the cribs
Organize Accounts
  • Pay off Credit Card biweekly--paid!

Budget
$200 mo groceries spent about 276
$280 mo gas $172/mo--got a new boiler and new gas company, wonder if it will make a difference
$600 year auto repair 87 oil change, 400 insurance
$50 mo electricity --$33
$50 mo clothing--none!
$100 fast food/dining--$200---went out every wednesday for broomball and to melt with elise...
$40 Water quarterly--1/10 $31.41 8/10- $82.00

Added Goals
  • pay one fund at a time and get to the goal of the emergency fund $5000 first DONE!
  • Keep paying Adams Big Loan--extra payments once small loan is gone--started this!
  • Save $40 in HSA fund-I will be put on hold until medical bill is gone
  • Get all funds done then make emergency fund 6 month savings
  • Get bank account to $10000 pay off medical bills and then pay off adams small loan---kinda switched this. 1/3 to medical/boiler/student loan
  • Buy a boiler in August---or september... or october... or november...

Completed Goals
  • Consider Refinancing our House---7/16 it will be final!! 4% 15 yrs! Plan to payoff in 12 yrs
  • Redo downstairs plumbing ($1100)--paid 1/7 and 1/21
  • Continue to contribute the max to my Roth $5000--Maxed 2/8
  • Close Huntington and move money to northwest saving--2/10
  • Pay $450 more for basement plumbing done! done 3/5
  • Buy Cavs season tickets...make a fund next year!--bought 3/10
  • Use Thank You rewards for Adams Loans-- used them! 5/10
  • Opening a Schwab 2% Cash back card--will use all cash back for Adams loans 5/10
  • Pay off Adams Small Loan by December--PAID OFF!!! 6/10
  • Get Emergency Fund Back to $5000--5861.43!! 6/10
  • Once we get the Schwab card, get rid of Citi---done with citi! 6/10
  • Get Baby Fund to at least $5500(we have changed this goal to $10000 due to bedrest)- currently at $10002.00--GOAL MET!!! 9/10
  • Start IKEA fund so we can go on a shopping spree haha ($1000 goal)- went on our shopping spree :) 9/10
  • Look into different mutual funds for Roth...--done 9/10 will check back 12/10
  • Start Boiler Fund and buy a boiler this year with tax credit Save $3000-- Got the boiler installed, about $6000

Goals not completed
  • Pay off Adams Small Loan by March
  • Talk with Wells Fargo, they want to refinance our home--ill wait til they call again, havent had time to meet with him
  • Save at least $300 for Sean and Mandys wedding in Disney-We decided that its not a good idea to go due to my surgery costs :( We are sad about it.
  • Opening a Chase checking because they are giving away $150
    Publish Post
  • Pay all medical bills etc with HSA Fund--used up all of our HSA :( once medical bill is paid we will continue to contribute
  • Save $40 in HSA fund--will look into a new HSA next year and how to maximize...
  • Start Cavs fund when our first fund reaches its goal and small loan is paid off--will not be doing this for 2011
  • Move 401k from Principal to Fidelity in may 2010--still didnt do this--did you jeannie??