Monday, February 7, 2011

Financial Goals for 2011

The past year and a half have been crazy, to say the least. We have moved 4 times (including a short stint at my in-law's house) and have changed jobs 3 times. After all the craziness of life and this economy, we are determined not to be thrown into panic-mode anymore.

Our solution? We are going to put aside, what we consider, a year's supply of money. This is not the amount we would spend if we were employed, but should the economy freak-out, should Mike's company suddenly close, or some other devastating event, we don't want to have to immediately move or worry how long we can survive with the amount of money we have saved. So we decided to buckle down for a year and put away a large amount into our savings each month.

So January has come. And we did it! We were able to put away the full amount we wanted to, plus a little extra! We did go over on some of our budget items, but we stayed under on the others. So we are pretty darn proud of ourselves! In fact, with the money we had saved from our previous savings, plus January, plus February and our tax refund (woo hoo!), we will possibly be halfway there already! Although we plan to save for the entire 12 months, putting aside more for a down-payment for a future house and a celebratory trip to Europe hopefully planned for Summer 2013!


Jennifer said...

Wow, that is a huge accomplishment. I am sorry 2010 was so rough, but what an incredible goal you guys set and are meeting. I hope you meet your 12 month amount soon.
Thanks for entering my giveaway and good luck!

E is for ELMES said...

Your so amazing tortilla girl! I have to laugh and say we (my hubby & I) and you guys are "like peas & carrots" rough roads & financial goals! love it.

Greg & Dlora said...

I am super impressed! Good for you guys. Aunt DeeDee