Saturday, June 30, 2012

2012 Financial Goals: Update

It's been a long time since I've done one of these but I'm back! I have had a lot of changes to my finances, mainly I'm in the process of buying my first home!  From a purely financial standpoint this may not have been the best decision, however the home is in an ideal neighborhood, I LOVE the house and can see myself (and my fiance and future family) there for a long time, so I'm comfortable with my choice.

Save $4000 by January 2013 I've added about $2200 to my savings this year and so far I haven't touched any of the money that has been added to my savings account since I opened it.  I'm scheduled to close on the house in about 2 weeks and unfortunately I will have to pull out about $1500 for closing.

Maintain a buffer of $100 in my monthly budget. From March to May I maintained about a $400 buffer each month.  In June I went on a vacation and had some minor expenses relating to the house (ex paying for a home inspection) so this buffer was only $49.  I did put down a $1000 deposit to secure the venue for my wedding next year, but I didn't include this in my monthly budget because I have been saving cash and gifts from family members in an envelope labeled Wedding Fund (old school, I know).

Maintain $0 credit card debt.
I used my credit card for my regular monthly expenses (grocery, gas, etc.) and pay the balance in full by the end of the month.  So far this year I've gotten a $50 Gift Card using my credit card reward points and by next month I should have enough points for another $25 card!

Open a Roth IRA
Haven't done this yet. 


  1. Congrats on buying your new home!

    1. Thanks! I'm excited but nervous at the same time!

  2. I'm new to your blog but I hope that you continue to update this one often. I love the idea you have behind this and I always love learning new ways of increasing my net worth, saving money, investing, etc.

    Sincerely Daja

  3. great post! i think I really need to have my own financial plans goals too! :o

  4. amazed by your looks posts!!
    i stay here, feel free to follow back <3

  5. love is something that makes me fulfill my destiny as a human being, to marry is the greatest hope that I hung far above the sky where I say a prayer to the Lord. thanks for the article interesting. continued success yes for CERT

  6. You rock! As does this blog! Congrats on your first buy!


  7. Setting financial goals are always a good thing.



Leave your two cents