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What are your financial goals for 2011?

In late 2009, I was drowning under credit cards, student loans, a car payment and monthly bills. I made some HUGE goals (pay off all my cards, pay off my car, put money into savings, slash my studen loans) and while I didn't acheive them all, I'm doing better.

This year, I plan to:

1) Keep my credit cards at 30% of their balance or less (in 2009, I had SEVEN cards, all maxed! Now I have 3 and only one has a balance.)
2) Put a minimum of 5% of my income in savings and keep it there! (No more raiding for non-emergencies!)
3) Reduce my student loan balance by 20% or more.

Answer Question
 
geminilove

Asked by geminilove at 5:08 PM on Oct. 28, 2010 in Money & Work

Level 23 (17,006 Credits)
Answers (6)
  • Have half of our debt paid off
    mommy_of_two388

    Answer by mommy_of_two388 at 5:09 PM on Oct. 28, 2010

  • ok well I have some debt too and since I got in car accident it def. put me behind... I would like to pay some of it off as soon as tax time comes around and get back on my feet.. I would like to start saving also for a house but that might be a couple years though.
    mamaevans0708

    Answer by mamaevans0708 at 5:37 PM on Oct. 28, 2010

  • hopefully dh will have a better job to help save money for kid's private school. pay off my one and only credit card. this may be a negative goal, but buy new furniture and paint house!
    ksanders

    Answer by ksanders at 5:47 PM on Oct. 28, 2010

  • We plan on being completely debt free in 2011.
    We'll start building our fully funded emergency fund.
    Set up an HSA
    Not miss out on all our family get togethers =)

    I'm excited for 2011!!!
    Erica_Smerica

    Answer by Erica_Smerica at 7:35 PM on Oct. 28, 2010

  • Get off of food stamps and medicaid. Permanently.
    Anonymous

    Answer by Anonymous at 7:36 PM on Oct. 28, 2010

  • Pay down debt, keep control of expenditures.
    tasches

    Answer by tasches at 4:13 PM on Oct. 29, 2010

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