Goals!!!

**ironmaiden** · 05-27-2006, 12:25 PM

What's your 1 year goal?
Your 5 year goal?
Your 10 year goal?

In other words, where's this frugal stuff going to get you?

**ironmaiden** · 05-27-2006, 12:29 PM

In the next year will pay for in cash whatever we decide to do to the house -
probably a few replacement windows, paint the outside (we'll do it ourselves one side of the house at a time), repaint the pooldeck, paint the front porch floor, get the damaged dining room ceiling fixed, new blinds for the family room.

5 year goal - ASSUMING we stay in this house, we should be pretty close to having it paid off. Begin yearly trips with the kids.

10 year goal - keep traveling with the kids, keep putting money into those college funds.

**Lorelei** · 05-27-2006, 01:04 PM

Our goals don't quite fit neatly into those timeframes, but in just over a year we'd like to move to a larger house. Longer term goals are kids' college educations & comfortable retirement (pretty much as we live now but with an extra vacation added). Our frugal lifestyle is already allowing me to stay home which is one previous goal met.

**treeluva** · 05-27-2006, 02:17 PM

Paying off my credit card by a certain time
Getting myself and my girls to Disney world by a certain time.

And then having 7 grand in savings by a certain time, that is not bound by IRA rules, stocks, bonds, or mutual funds. Just 7 grand I can have to think about whether or not I really need that new sofa or not. I am calling it the bank of Tree. Like, my own freaking credit line, to myself. And, If I use it, I am going to charge myself a crazy amount of interest so I can make more money off of myself while I am broke. Who is in with me?

**Darlene** · 05-27-2006, 02:46 PM

In one year dh & I (ages 57&46)will be at our healthy new weights and spending less on groceries. Dd will be getting married so we'll be saving to help with that.

5 years(62&51) will find Dh retired (3 years April) and maybe him or us both working part time. We should be in a different house, with lots of land and a thriving garden for produce to put up to help cut that grocery bill even further.

10 years out finds us (67&56) living comfortably, healthily & enjoying our kids, grandkids and life.

**yankeegal** · 05-27-2006, 02:58 PM

Originally Posted by Darlene

In one year dh & I (ages 57&46)will be at our healthy new weights and spending less on groceries. Dd will be getting married so we'll be saving to help with that.

5 years(62&51) will find Dh retired (3 years April) and maybe him or us both working part time. We should be in a different house, with lots of land and a thriving garden for produce to put up to help cut that grocery bill even further.

10 years out finds us (67&56) living comfortably, healthily & enjoying our kids, grandkids and life.

I love your goals... Mine are quite similar although maybe not in the same time frame. I find as I get older(44 this year) my goals/dreams involve more of the simple things in life like good health and time spent with family.

**starsapphire** · 05-27-2006, 03:14 PM

1 year goal - have all CC's paid off. Which will happen before one year is up. Start to really build up the EF and start contributing to my Roth IRA again.

5 year goal - have enough money saved to buy a new car.

10 year goal - have a decent down payment for a house.

**Valerie in WA** · 05-27-2006, 07:02 PM

1 year - pay off CC and van loan, replace windows and exterior doors. Also have most of the money saved for kitchen remodel

5 year - kitchen remodel done, house re-sided and nice front porch built, making double-plus house payments

10 year - house paid for, saving hugely for retirement, setting aside some money for next vehicle.

**Jenna** · 05-27-2006, 07:12 PM

short term goals:
- increase e-fund, pay off loan, fund ROTH annually
- start saving for eventual housing purchase, consider starting family
- get SO on board for the above goals (& his own personal goals).... he's almost there.
- contemplate career change

**banana** · 05-27-2006, 07:39 PM

Wow you ladies are ambitious!

I really dont have a 1 year goal but I hope to save $ to put towards my car loan which I will hopefully pay off in 3 years.

5 year goal - remodel kitchen

10 year goal - pay off house we will be 48 and 50
hopefully be in a position to pay for sons college education

15 year goal - sell this house and buy something real small with no maintence like a condo!

**Lmullin** · 05-27-2006, 09:07 PM

This thread is what is so wonderful about this website. I don't think about goals in such a longterm manner, but now that I'm called to task:
One year: pay off cc and truck.
Five years: Pay off all vehicles and not have vehicle payments anymore
Ten years: Stop working, house will be paid off (or very close)

**peanut** · 05-27-2006, 10:11 PM

1 year - pay out mortgage and $10,000 in EF
5 year - in a different house
10 year - retired and travelling

Jean

**dwallyfam** · 05-28-2006, 07:54 AM

1YR - Have cc and hopefully loan paid off
5YR - hope to have moved out to the country with a place that has small acreage. DD will have 1 more year left of High school. My mom started a college fund for her before she died. With the interest that is earns DD should be set for college.
10YR - Hopefully country house (if we moved in) will be just about paid for and we will be on the front porch just a swingin'

Kellie

**Scattymum** · 05-28-2006, 08:04 AM

1 yr - be a bit more financially secure and have paid of the smaller debts thus being able to snowball that money
5yr - paid off car loan and CC, being able to have new windows put in to replace these drafty ones and actually have some savings!
10yr - hopefully be debt free for ever ( apart from mortgage which we will hopefully have nearly finished paying off)

**PrairieRose** · 05-28-2006, 08:13 AM

Great thread

1 year goal: Be in maintanence at my (Gripey's already doing this) goal weight. Feeling great, living well

5 year goal: Have warehouse and office and rental property paid off, have fully funded EF, 1 yrs' living expenses banked and saving hard for retirement.
Will be working in some fun travel.

10 year goal: We probably won't be retired but will have a nice nest egg and still be adding to it. We are self employed and plan on keeping the businesses for well into "retirement age". By this time we plan on doing a lot more of what we want to do (with less things to take care of), paying cash for everything we buy and do and worrying less and less about stuff.
10 year goal: