It's September and I was trying to remember what my Year End Goal was and if I even had one. Well I found I had stated in January;
Goal 1. to clear my debt
Goal 2. save emergency fund of £5000
Goal 3. savings over and above this amount to fund house building fund.
Okay these are the only gaols I found and am a little disappointed I wasn't clearer on what I wanted to achieve for the year financially. In saying that, will I be able to achieve the goals that I have set out above?
Goal 1. Achieved this one as I have cleared my debt
Goal 2. I have not even got chose to this goal and currently my Emergency Fund is at just over £100 so needs to be topped up again
Goal 3. I have saved £1,800 so far and by the end of the year my total here will be £3,000 that will be the goal amount
I have started to save about £500 a month (okay I only paid £250 in August) into a Freedom Fund. A term I have used in the past but have now changed it's meaning to be my pension saving or if your in the USA think Roth IRA. I am putting it into an ISA which is a tax free saving vehicle, the interest rate isn't great but that is more to do with the current financial situation. I don't trust pensions and I don't like the way they are operated or how you have to buy an annuity with your pension, so I am going with an ISA instead.
I did have a ballpoint figure in my head to save $10k (NZ) towards my Building Fund, that is equivalent to about £5k but I will be short by about £2k or $4k (NZ). So that will have to go into my Goals for 2012.
As 2011 comes racing to an end, how have you done with your Goals for the Year?