Saturday, December 29, 2007

2007 year end financial review

Here is my 2007 financial review! All in all not too bad of a year

While not a goal our Net worth did increase $27,000 this year in saving, retirements, college funds, and mutual funds!

Here are the goals that I set-up for ourselves!

1. Continue funding DH 401k at 15%
Yeah we did this! It really has helped with retirement savings.

2. Continue to deposit $350 a month into a Roth IRA for me. This is done through automatic deducation
$4,000 funded

3. Save $5,000 outside of retirement and college saving plans. This will help with a downpayment for a newer car for 2008 and/or bathroom remodel. Will attempt to do an automatic deduction for $220 each payday from hubby's check.

Nope only about $3,000 saved

4. $50 each, each month into kids 529 plans-automatic deduction

Two of boys have active 529 plans. My third son has autism and will probably never go to college so we are saving money into mutual fund instead. We actually increased this to $100 per kid each month in July.

5. Disney trip need an additional $1000 cash! Use tax return money (and money saved for self-employment taxes)

Woo hoo we had an excellent trip to Disney the end of June

6. Excess tax return money will go towards new couches first and then some minor remodeling for our family room.

I forgot that I included couches in our financial goals for 2007. We did add some new barn board to our family room in the basement this year for about $2,000. It looks great!

 Disney World vacation saving tips

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