GOALS- Short, Mid & Long Term
Short term Goals (one year or less) Thru December 2010**1. 3 Month Expenses Emergency Fund $9,222
2. Max Roth IRA’s for 2010 10,000 (Retirement funds – Mid/ Long Goals)
3. Work Retirement Account Savings need something to reduce yearly deposits in long term
4. school – $500; 2527.22 semester start cost
**5. household repairs that currently need to be done/ basement finish 2,000
**6. College for Son $150 per month = 1800
**7. Braces fund for Son 3000 (Projected need 2012) 100 per month = 1200
8. New Bed - 2000
9. free weights or a cable system $200 - $2000
10. computer building business - $300
11. buy a smoker -DONE
Total 27,422 – 31,249.22
** Goal- Complete before Mar 2010!!
Mid Term 2-5 years Thru Dec 2015
1. 6 Months Expenses Emergency Fund 18,444
2. Max Roth IRA’s for 2010 10,000
3. Work Retirement Account need something to reduce yearly deposits in long term
4. school$500- 2527.22 (semester start)
5. College for Son $150 per month = 1800 per year = 9000
6. Braces fund for Son 3000 (Projected need 2012) 100 per month = 1800 needed for 3000
7. future house repairs fund -5000
8. Build a Storage Shed - 5000
9. Build Deck – 8000
10. Landscaping/ start a garden – 500/300
11. Living room Couch/ Chair 1000
12. Replace Front Steps - 3000
13. finish garage (cabinets, workbench, air compressor, Refrigerator)-3000
14. HUSBANDS new 2010 Camaro 23,000 - 31000
15. trip to europe or Australia 10000
Total 118,544- 126,544
26,108.8 per year
Long Term 6 years- indefinite *Note 18 years to 65
1. 12 Month Emergency Fund $36,888
2. Max Retirement deposits 31,888 per year needed 24,722 second plan
Goal 645K for DH to retire @65 (Sept 2033) (Short 574)
Goal 525K for DH to retire @ 73; Me @ 65 (Nov 2042) (short 445)
3. 4 Years College Son = 20,217.76+ (need June 2021) $150 per month
4. Pay off Mortgage at least 4 years early ($43,200 in principle) (no early = 2037)
a nicer house ??
5. finish school masters in computer science = min 2527.22 per semester
6. fishing boat or canoe ??
7. New Car ME_COUPONADDICT 20K