Frugal Village Forums banner
21 - 40 of 48 Posts

·
Registered
Joined
·
1,501 Posts
My goal is to continue putting an extra $100 on my mortgage. My goal is to have it paid off asap! Also, not to buy anything unless an absolute necessity and just pay bills and continue to increase my ef!
 

·
Premium Member
Joined
·
3,524 Posts
Yes, I'm planning my goals for 2011. I didn't do as well as I wanted to in 2010, and cash is going to be tighter for me in 2011 because I'm having a large chunk taken out of my paycheck to fund some planned medical and dental expenses.
 

·
Registered
Joined
·
128 Posts
I've done a little review and some thinking, but nothing in writing. Dh and I will do a financial review the week after Cmas and see how we're doing, then tweak things.
 

·
Registered
Joined
·
1,494 Posts
My 2011 goals:

1-finish paying for prenatal care
2- pay off hospital and delivery fees of DD due in Feb

(started saving for these 2 in 2010, but have used up all the money paying for prenatal care. I have less than $500 due for that I believe now.)

3-repay the $600 we borrowed from savings for emergency eye and dental appointments this year.

4-find a good grocery budget and follow it (with additions like diapers and maybe formula)

5-add aggressively to 3-6 months savings acct.

6-continue with sinking funds
(we started this in 2010, but didn't really follow it greatly (ex. new car fund has $44 and we have saved for a year, car repairs has $30 and we spend $250, etc. It helped to have a little saved, but we need to get even better at this!)

I have set up what I think will do for our 2011 budget. Some things will change after the baby, I am sure. Don't forget about possible tax changes. Maybe some of us will get more in our pay checks. We are debt free except the mortgage after the dr. bills (hopefully gone by tax return time).I think that is enough for now. With the help of these boards and you guys, it is possible!
 

·
Registered
Joined
·
3,849 Posts
We plan to retire completely in 2011. We agreed with the college to come back in February to teach one more class, and that will be the end. We've been working slowly towards this goal, cutting down on teaching, not teaching at all this semester, working with finances along the way. But this will be the year it all comes together. Once fully retired, and knowing I am not going back, then I'll go through my teaching files and books and materials, and sort them. Some I will donate to a local school, some I will dump and some I will keep. It will be a big job after 40 years in education (I started teaching in 1971). Also intend to ruthlessly go through boxes of "stuff" in our basement and do the same: sort to donate, trash or keep.
 

·
Registered
Joined
·
2 Posts
Trying to transition to SAHM

In 2011, my plan is for my husband and I to pay off some debt and for us to become financially stable. I am a counselor trying to transition to full time stay at home mom. First step, become financially stable with Internet CEO moms (.com/whynot). Second step, Work only from home. Third step, have children. I am really excited about our plan for the next few years. I'm only 26 and maybe I'm old-fashioned for wanting to be a stay at home mom, but it is also important to me that I contribute to the family income. So far I'm well on my way to meeting my goals!
Anyone in my boat?
 

·
Registered
Joined
·
2,372 Posts
I am soooo screwwed for 2011. I just had to borrow from overdraft to cover a credit card charge that over-maxed it.

My only light at the end of the tunnel is tax return time and the POSSIBILITY that I will get some back child support from the ex's tax return. Haven't received any since March of 2010.

I'll be spending 2011 counting my blessings because I certainly don't have any pennies to count.
 
G

·
My goal for 2011 is to roll with the punches and end up with our net worth higher at the end of 2011 than it is at the end of 2010. DH is still unemployed and his best prospect at the moment is a 6 month contract. I am hoping to change jobs. We are hoping to have another child. Lots of changes, so I'm mostly going to try and not lose ground, continue what we're doing.

We are also on schedule to have DH's car paid off in Dec 2011.
 

·
Registered
Joined
·
63 Posts

Yes, I just may be the dorkiest person on this board


Perhaps, lol, but you've inspired me!
 

·
Registered
Joined
·
682 Posts
Our plans for 2011 is to increase the EF from $1300 to hopefully
atleast $3500.
I'd like to try to grocery shop monthly instead of weekly.
Tried it this past week-end, and bought groceries for 2 weeks.
Went pretty good and it also slashed my grocery bill almost in half!

Gonna try to shop for the Month on Jan 2.:scratch:
Hoping to also open a Christmas account somewhere, so I know the money will be there next year.
 

·
Registered
Joined
·
63 Posts
Well, for this coming year I'm mostly hoping things stay the same ... although working less days due to "furloughs" everything should be alright as long as nothing huge wears out or breaks down.

My immediate goal is to make a couple of 'debt charts' like Marianne talked about. I have one large credit card that should be paid off by August and it would be fun to watch it decress on a chart on the fridge.
I bought some gifts at a local department store that gave 30% off if I used their charge card. Worth it, I think, but it means paying off the entire charge in January and therefore not having quite as much to pay extra on the car principal.
It all spirals, doesn't it?

Am hoping next year will be a better year, economically for each of us.
 

·
Registered
Joined
·
876 Posts
I have a serious problem with debt and savings charts too. But I can't seem to attach it, it's an Excel chart. It helps us though!

Our 2011 Goals are to keep our belts tight, and snowball like crazy. We will pay off our consumer debts before the year is over. I'm hoping for fall, or even summer.

Then we're saving like mad for a down payment on a new house. And we'll start shopping. And saving for an Emergency Fund as well.

We'll hopefully be trying to have another baby as well, I'm hoping sometime late summer or early fall when the debt is nearly paid off.

Oh, and hubby would like to go on a vacation somewhere too, so there's savings for that!

Lots to do!
 

·
Registered
Joined
·
95 Posts
We're hoping to have our last three debts paid off, a credit card, student loan, and car.

We're also anxious about getting our taxes done to see how much we owe (there's $$ already set aside for this) or if we're going to break even. If we break even, it'll pay off half of the student loan (the credit card should be taken care of by then) and we'll pretty much be left with the car.

We've been snowballing since 2008, we're ready to move on to getting a full emergency fund in place!
 

·
Registered
Joined
·
708 Posts
yes.....

With income tax return i plan to get back on track and pay off some bills and figure out a budget that we can stick to and then put some money away for an ef....need to finish off the rooms downstairs so that i can do our paperwork for fostercare.... fostercare has weighed heavy on my heart this year as i work with kids that at times may need to be placed in fostercare until their parents can get their lives figured out...I love kids but cannot see putting my body through another pregnancy and with so many kids out there needing homes i think that this is my calling... what i am suppose to do with my life...so really looking forward to getting all above accomplished so that i can get going with the next era of our lives...
 

·
Registered
Joined
·
7,747 Posts
Yes, I'm already in 2011 in my mind.

Praying for a better year next year. Praying to get lots of debt paid off.

Planning on staying on the decluttering train all through 2011. Hopefully will have the butler's pantry, the home office, and the room I'm using for my closet/crafts all set up. Then get the bedroom decluttered and decorated with what I have on hand.

Finally, I hope to have the attic loft decluttered and get shelves set up for our non-perishable stockpile.
 

·
Registered
Joined
·
5,276 Posts
I'm very much looking forward to 2011. The first thing we have to do once I get back to work, is get used to DH being salary and getting paid on the 15th and last day of each month. Once I'm back to work and back on track, we should be able to destroy any debts very quickly. We also will be saving, with a vengance, for our land and home. We would like to be out of here this time next year, but have discussed waiting for 2012 to move if we don't have as much saved as we would like to have.

Cat
 

·
Registered
Joined
·
50 Posts
For my debt charts, I take the amount owed on an account, and then list numbers down, and cross off each number as the balance comes down.... does that make sense? Then each time I pay down that amount of the balance, I cross off another number.

For example, a $2000 balance that I'm checking off by 100s might look like this:

2000 1500 1000 500
1900 1400 900 400
1800 1300 800 300
1700 1200 700 200
1600 1100 600 100

I have really limited Excel skills, or I would make a photocopy of one of my real charts to post here! I get fancy with fonts & colors & gridlines, etc.

I keep these in my household notebook, and post one at a time on the front of the refrigerator, which keeps DH motivated. Some are done in 100s, some in 50s, it could even be done in 20s. It feels great to cross off those numbers!

And although I haven't done it.... these charts could also be used for savings goals, by increasing the numbers instead of decreasing.

Yes, I just may be the dorkiest person on this board :whirly:
I will be a dork with you! this is also how I do it except it stays on excel...however I think I may blow it up and print a monthly one so that I can cross things off and make sure I am sticking to budget!!! You have inspired me!

In 2011, my plan is for my husband and I to pay off some debt and for us to become financially stable. I am a counselor trying to transition to full time stay at home mom. First step, become financially stable with Internet CEO moms (.com/whynot). Second step, Work only from home. Third step, have children. I am really excited about our plan for the next few years. I'm only 26 and maybe I'm old-fashioned for wanting to be a stay at home mom, but it is also important to me that I contribute to the family income. So far I'm well on my way to meeting my goals!
Anyone in my boat?
I am sitting right next in that boat :) planning to try and be a stay at home mum by the beginning of 2012. Its not old fashion at all I think if you beleive that the best place for you is at home and you can afford it then go for it...make it your goal.

With income tax return i plan to get back on track and pay off some bills and figure out a budget that we can stick to and then put some money away for an ef....need to finish off the rooms downstairs so that i can do our paperwork for fostercare.... fostercare has weighed heavy on my heart this year as i work with kids that at times may need to be placed in fostercare until their parents can get their lives figured out...I love kids but cannot see putting my body through another pregnancy and with so many kids out there needing homes i think that this is my calling... what i am suppose to do with my life...so really looking forward to getting all above accomplished so that i can get going with the next era of our lives...
I really want to foster care. DP and I have considered doing this instead of having a third child (we havn't had a second yet) we just think that maybe, considering my body and the issues we had with my first pregnancy we would be better off caring for children that are already here. I think it is amazing you are finding room in your home and hearts for a child.

As for my frugal family we have grand plans this year;

Get frugal...you all know how easy and how hard this is going to be.
DP needs to complete a course to upgrade his qualifications ($4300)
Move house ($3000)
Save to have a baby ($8000) and become a stay at home mum.
Pay of as much debt as possible
Save as much as possible
 

·
Registered
Joined
·
34 Posts
We're moving, next week... just in time for the New Year!

I have lots of "planning" in my head but won't feel comfortable, personally, working on it until we're in our new space.

I'd love to pay off the debt DH has (about $3,000), save our EF and save for a downpayment on a house (we're moving into an apartment that is 1/3 the size of the rental house we live in now) for the summer of 2012.
 

·
Registered
Joined
·
1,105 Posts
I'm going to pay off as much debt as I can.
 

·
Registered
Joined
·
1,013 Posts
We were blessed in 2010 and was able to pay $50,000 of business and personal debt and now we're debt free. We then cut all our credit cards up to avoid being a slave to credit card companies again.....then life happened and our savings was depleted. My goals for 2010:

*Rebuild an emergency savings $1,000
*Property tax savings (we have to pay this on our trucks, 5th wheel,towing trailer and 4-wheeler in MO every year) $700-$900
*Christmas savings $1,200
*Reduce grocery spending
 
21 - 40 of 48 Posts
Top