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2014 Goals

August 31st, 2013 at 03:46 pm

As we head into fall, I was thinking about reaching this year's goals & looking ahead to next year's goals. This year my main goals are retirement & debt repayment, as they are every year. I always meet my retirement goal, as I will this year. In January I funded my Roth IRA with the maximum $5,500. I don't know if I'll be able to do that this January. I may have to fund it throughout the year, since my savings have been somewhat depleted to pay down debt. I will continue to fund my retirement account at work with my maximum contribution. I have not read if they're anticipating another increase in limits next year, though. A $500 increase would only mean an extra $20 biweekly though.

Last year I transferred the majority of my credit card debt to a card with 0% interest for 18 months. I started out paying $200 weekly, but now pay $100 weekly since I have one job. I still plan to have that paid off before the 18 months of no interest.

On a lighter note, I am going to enjoy this 3 day weekend by taking some time to cook, relax, and visit with family & friends.

2 Responses to “2014 Goals”

  1. scfr Says:

    Just my guess, but since we are experiencing some inflation, it's reasonable to think that there may be a $500 increase in TSP and 401K contribution limits (to $18K). Sounds like you're already considering that as a likely scenario.

  2. terri77 Says:

    I'll be pleased if there is an increase.

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