whocares Posted December 22, 2008 Report Share Posted December 22, 2008 Ok whats your financial outlook for 2009. Heres my plan.I am now saving in a 501K from work, they match some of my contributions.I need to get more financially stable in the shop. We are planning on some repairs to the building. We would like to add a video game arcade. We want to have pinball and older games like pac-man. The shops sales increased very nicely in 2008. I started my 4th year in business in November. The shop added movie and game rentals. They are coming along well.We are also planning on opening another store in the building...we are looking at baby/consignment. This will be a business my daughter wants to run.I will not be involved with this.I would like to get some repairs done at the house as well. I would like to build an emergency fund. I plan on closing at least 2 cards. I am about 1 1/2 years in repair and have done well. I want to reduce the number of accounts to keep track on and I should lose most of my inquiries in 2009.I want to reduce my liability to debt. Whats yout plan? 1 Quote Link to comment Share on other sites More sharing options...
lonesoldier29 Posted December 22, 2008 Report Share Posted December 22, 2008 Hopefully if I can get my credit repaired soon and get my USAA loan.Once I take care of this summer, rent/bills/expenses. Get a car and stuff, I plan to put most of it into a CD or invest it so that way when I get out of the Army, I'll have something to look at. Quote Link to comment Share on other sites More sharing options...
Dre Posted December 22, 2008 Report Share Posted December 22, 2008 Pay off my last credit card before Summer of 2009.Max out Roth account. Quote Link to comment Share on other sites More sharing options...
tommy32 Posted December 22, 2008 Report Share Posted December 22, 2008 Try and stop living pay check to paycheck. Get a savings account, and try and save. Quote Link to comment Share on other sites More sharing options...
Ravenous Wolf Posted December 26, 2008 Report Share Posted December 26, 2008 I would like to build an emergency fund. That has always been such a huge goal for me but living paycheck to paycheck greatly reduces that possibility.Instead, I have been reducing expenses and debt. It has always been hard to trim both of them but I have slowly been reducing them. I have paid off one bank loan this year and the loan for my funiture only has one payment left in January. Now I just need to find a way to keeping lowering my cost so I can aim for an emergency fund... Quote Link to comment Share on other sites More sharing options...
JustaTexan Posted December 27, 2008 Report Share Posted December 27, 2008 Get all cards paid off by end of 2009 and close what I do not need.Be able to raise 401k contribution 1% by end of the year.Keep atleast 1k in bank account at all times.Be debt free by end of year (except mortgage) Quote Link to comment Share on other sites More sharing options...
jq26 Posted December 27, 2008 Report Share Posted December 27, 2008 Good plan everyone. 2009 goals: - max my 401k in 2009 (it increased to 16.5k in '09).- save $25k for a new home (wife and I have 7.5k now for house).- increase contributions to son's 529 from $100/month to $200/month while the market still stinks- he's only 7 months old so we still have time!- pass the bar exam in July '09 so I can (hopefully) boost my income this fall. Quote Link to comment Share on other sites More sharing options...
dustysmom Posted December 27, 2008 Report Share Posted December 27, 2008 1. Pay off 2 auto loans this year 2. Be able to get a 401 k plan ( my employer has one but i need to work 1200 hours in 2008 so i have to see how many hours i worked I'm a school bus driver so i have roughly 13 weeks off each year) 3. Build an emergency fund4. Get a full time job if possible 5. Get things done to the house ( new windows to save energy, stuff like that) Quote Link to comment Share on other sites More sharing options...
momof5 Posted December 27, 2008 Report Share Posted December 27, 2008 1. Find a new job in the same town - since I am slated to lose my current job at EOM Jan.2. Survive without going past due if I don't get a job! I will have 1100/mo in unemployment and my student loans and my kids student loans...3. If I do get a job.... a. pay off all cc's. b. keep $ in savings - build emergency fund c. my mini-van will be paid off in Dec....one less large payment! d. start a 401K or some kind of retirement acct. Quote Link to comment Share on other sites More sharing options...
matthewscott Posted December 27, 2008 Report Share Posted December 27, 2008 1) Pay off last CC. It was a balance that we kept transferring while we were paying down a large amount of debt. Now that the big part of our debt is gone we can tackle this last cc.2) Pay off personal loan. 3) Pay off student loans.4) Save.5) Eventually settle with GMAC. If I can do at least half of this in 2009, I'll be very happy. Quote Link to comment Share on other sites More sharing options...
almost_there Posted December 28, 2008 Report Share Posted December 28, 2008 1. Tithe 10% to what/whomever is providing me with insight, inspiration, or spiritual fullfillment. 2. Save 10% - I don't have a 401k option, but perhaps an IRA. I'd also like to begin investing.3. We have very little debt after our bankruptcy earlier in 2008, but what little there is I would like to eliminate, this includes carrying no or very little balance on my 1 new credit card.4. "Pays as agreed" on student loans and car payment. Stay current on all the household bills. Credit score up - yes. Down - no. 5. Begin my business as a Premiere Designs Jeweler so I can earn extra $ doing something I enjoy. 6. Whatever it takes to thrive - it's not about my resources but about my resourcefulness. Quote Link to comment Share on other sites More sharing options...
chelseagirl Posted December 28, 2008 Report Share Posted December 28, 2008 2009 I plan to clean up my credit! Quote Link to comment Share on other sites More sharing options...
virginiabound Posted December 28, 2008 Report Share Posted December 28, 2008 Still going over our goals, but here's 3 to start.No more added debt.Reduce accumulated debt.Continue DH's credit repair. Quote Link to comment Share on other sites More sharing options...
nascar Posted December 28, 2008 Report Share Posted December 28, 2008 We've decided to get rid of all the credit cards and quit worrying about credit scores. Quote Link to comment Share on other sites More sharing options...
admin Posted December 29, 2008 Report Share Posted December 29, 2008 1. Payoff my equity line (ok, maybe goal for 2010) then work towards paying off my house. 2. Pay more attention to where my money goes. Quote Link to comment Share on other sites More sharing options...
virginiabound Posted December 29, 2008 Report Share Posted December 29, 2008 2. Pay more attention to where my money goes.THAT is an excellent goal! I've been thinking about little things like that...like perhaps getting rid of part of my cable options...could save $15/month or $180/year.I've just never been able to put it all into one sentence I think I might just sit down tonight, and plan out where we can save money instead of just 'throwing' it away.And definitely going to start planning out monthly budgets for necessities.I've had a lot of time to think today...been upgrading customers to XP Professional...gotta love formating drives Quote Link to comment Share on other sites More sharing options...
cavazos007 Posted December 29, 2008 Report Share Posted December 29, 2008 Wow let's see....Get my mortgage up to date and refinanced by another company.Fix mine and my husband's creditGet a new carPay off all credit cards and only use them for emergenciesSave more money and not touch it.Oh and finally get my secured mastercard from my credit union that should help our credit out... Quote Link to comment Share on other sites More sharing options...
whocares Posted December 30, 2008 Author Report Share Posted December 30, 2008 Sounds like many people have a plan, I am happy. I may acquire another business as well, good luck for next year. Quote Link to comment Share on other sites More sharing options...
J_Snow Posted December 30, 2008 Report Share Posted December 30, 2008 Paying attention to where the money goes and increasing amount going to savings are the two that I've already started.Personal goals: Loose 12 more pounds and learn Spanish. Basically these are the two same goals I've had for the last 3 years. But I will tackle both of these in 2009! Quote Link to comment Share on other sites More sharing options...
whocares Posted January 1, 2009 Author Report Share Posted January 1, 2009 That has always been such a huge goal for me but living paycheck to paycheck greatly reduces that possibility.Instead, I have been reducing expenses and debt. It has always been hard to trim both of them but I have slowly been reducing them. I have paid off one bank loan this year and the loan for my funiture only has one payment left in January. Now I just need to find a way to keeping lowering my cost so I can aim for an emergency fund...You can do it easier than you think.....Lower expenses is a great start...saving a dime everytime you can...make it a game and then a lifestyle. If theres one thing I have learned from having no credit, is now much I can really live without. I will be praying for you. Quote Link to comment Share on other sites More sharing options...
whocares Posted January 1, 2009 Author Report Share Posted January 1, 2009 1. Payoff my equity line (ok, maybe goal for 2010) then work towards paying off my house. 2. Pay more attention to where my money goes.EXCELLENT GOAL and it seems realistic, best of luck to youWe do need a financial health thread... Quote Link to comment Share on other sites More sharing options...
whocares Posted January 1, 2009 Author Report Share Posted January 1, 2009 Hopefully if I can get my credit repaired soon and get my USAA loan.Once I take care of this summer, rent/bills/expenses. Get a car and stuff, I plan to put most of it into a CD or invest it so that way when I get out of the Army, I'll have something to look at.Thats an excellent plan too. you just don't know how fast things in life change and you will be glad you saved some money.Good luck my friend:rolleyes: Quote Link to comment Share on other sites More sharing options...
whocares Posted January 1, 2009 Author Report Share Posted January 1, 2009 Good plan everyone. 2009 goals: - max my 401k in 2009 (it increased to 16.5k in '09).- save $25k for a new home (wife and I have 7.5k now for house).- increase contributions to son's 529 from $100/month to $200/month while the market still stinks- he's only 7 months old so we still have time!- pass the bar exam in July '09 so I can (hopefully) boost my income this fall.Wow thats alot of goals, easier than you think.....and good luck on the bar. You will be great at what you do, as long as you do whats in your heart. Quote Link to comment Share on other sites More sharing options...
whocares Posted January 1, 2009 Author Report Share Posted January 1, 2009 We've decided to get rid of all the credit cards and quit worrying about credit scores.Someones pants are on fire!!!!! Quote Link to comment Share on other sites More sharing options...
whocares Posted January 1, 2009 Author Report Share Posted January 1, 2009 THAT is an excellent goal! I've been thinking about little things like that...like perhaps getting rid of part of my cable options...could save $15/month or $180/year.I've just never been able to put it all into one sentence I think I might just sit down tonight, and plan out where we can save money instead of just 'throwing' it away.And definitely going to start planning out monthly budgets for necessities.I've had a lot of time to think today...been upgrading customers to XP Professional...gotta love formating drives It's very easy to live below your means....Just don't spend.A plan is very important, what makes it easy for me is quicken software, I can download all my banking and CC info into one program...it helps track where I spend.BUT this bugs me....upgrading customers to XP Professional???Who is upgrading to pro from what??? Please say VISTA... Quote Link to comment Share on other sites More sharing options...
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