Tuesday, November 29, 2011

SMART Financial Goals 2012

List of 2011 goals is here; and here's how we did:

1. We did sell the condo in September. We paid rent and mortgage (including the COA fee), plus insurance on two places, for 6 months. We also paid nearly $10K out of pocket to close. Which led, in part, to the fact that...
2. We only saved a little over $8000 towards the house DP this year (including dividends), about 1/3 of our goal. But we did most of that in about 2.5 months. The other reason the total wasn't larger was that...
2a. We decided to pay off the remaining balance of my student loan. The US Dept of Education switched to a new website in October that is incredibly frustrating, slow, and marks your account as 'past due' every month because for some reason they decided to have all auto-debited payments credited AFTER the due date (and then reverts your account status to 'current' after they get around to actually processing the payment). We decided that we just didn't want to deal with it anymore, paused our Vanguard contributions, and funneled all our extra dollars to the loan instead. I'm requesting the payoff balance tomorrow (after our previous payment shows up, three business days after it was scheduled to be credited). So, yay for that!

Two yays and a partial. So, how about next year?

1. Pay off my car loan. This should be done by August at the latest.
2. Restart contributions to our emergency fund CD ladder. Likely in October. We eventually want each of these to cover a month's worth of expenses.
3. STILL aiming for the magic $25K in the house DP account. We are projected to get pretty darn close this year so we might be able to squeeze it out.

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