It’s hard to believe that in 2.5 months (or 11 weeks, to be more exact), 2007 will leave and 2008 will roll in. The latter part of 2007 will definitely be a time to remember for both the good times & the not-so-good times. I graduated college, moved into my own apartment, started a 90-hour+/week job, found my very own mechanic, and started shoving (what is to me) piles of money into savings.
But when 2008 comes around, I think I’ll definitely be RELIEVED and happy to have survived 2007 (mantra: this too, shall pass). Financially-speaking, I want to celebrate New Year’s 2008 with a $10,000 net worth. Currently, I have around a $5,000+ net worth – I’ll need to take some disciplined steps to make it happen.
1. Save $1,750/month for retirement.
2. Save $500/month for emergency fund.
3. Pay down $160 of student loan when grace period expires in December.
4. Mix well, bake for 30 minutes, then voila! Out pops a five-figured net worth.
I can do it… I’ll probably take a look at how I’m doing in November then adjust my savings accordingly.