Baby Steps
Step One:Emergency Fund
[Done-Sep 9, 2009]
Step Two:
Pay off all debt $8380.81 Special Assessments
[DONE-Oct 15, 2009]
Step Three: 3 to 6 months expenses in Savings.
3 MTH Short Term Goal 9,222 (less than a year)
6 MTH Mid Term Goal 18,444 (2- 5 years)
12 MTH Long Term Goal 36,888 (6 years or longer)
* I plan to keep revisiting this goal as time goes one to build it slowly larger; that is why it is spread over 6 years.
Step Four: Retirement Savings
I am done for 2009 as I am working on building my Emergency Fund; But 2010 my goal is to MAX roth IRA's then place the rest of the 15% into pretax work savings account
Step Five:
Education Savings for DS 150 per month until College starting 2010
Step Six:
Pay off Home $130,640.19 (Oct 31, 2009)
* I need to cut atleast 4 years off loan in the amount of 43,200 to have this paid off my the time DH reaches age 65
Step Seven:
Build Wealth and Give!!