Tuesday, January 4, 2011

2010 Financial Goals Review

2010 was a year of saving and planning, all resulting in a beautiful (and paid for) wedding. But I managed to accomplish some other goals last year too. Here is my review of the goals I established for myself:

1. Get married without going into debt. Pass (sort of). Okay so we made it to the big day with everything paid off - rings, dress, photographer, flowers, music, transportation and accomodations. This was no small feat and really was a lesson in savings for us both. And then that lesson was briefly ignored on our fabulously unfrugal Hawaiian honeymoon.

2. Increase 457 Fund contributions. - Fail. I did increase my contributions for a while until I decided to focus on the Roth instead and lowered them. Overall, I contributed about 5% of my salary this year to the 457.

3. Max out Roth IRA. In progress but likely fail. I didn't start this goal until October since I was preoccupied with wedding stuff and have only contributed $1000 so far. I still have until April to make 2010 contributions and hope to double that number.

4. Buy back pension credits. Pass! Well I got the ball rolling and in 15 more pay periods I will have paid off my old time - just in time for vesting.

5. Eliminate law school loan. Pass! Finally done after being on my to-do list for two consecutive years.

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