This is going to be short and sweet! A recent post by Ninja @ Punch Debt in The Face, “Houston, We Have a Failure,” made me want to post my total financial goal for the end of 2012. Yes, I posted a detailed plan of saving, debt, and personal goals for the rest of the year. But I wanted to reveal the big number we are aiming to have in the bank.
We want to save up $20,000 in cash by the end of 2012. Right now, we have $7500. Yup, I added $1500 from last paycheck! We saved $2300 so far this month. Which means we have $12,500 to go. With five months to go, it means we have to save $2500 a month to make the goal. Is it doable? Not sure, but we are going to try!
We, also, want to decrease our car loan (debt) to -$3000. After the July payment, the loan is currently -$4900. Right now, we are planning to pay $300 a month. 5 months * $300 is only $1500. We will be $400 short of our goal. But maybe I can send an extra payment in December?
What is your financial goal for 2012? Are you almost there?
Savvy Financial Latina 
I’m sure you can reach your goal! You always seem so smart with your money.
Thanks! I hope we can too 🙂 The economy is so dismal right now, it scares me, and makes me want to hoard cash like crazy.
I bet you make your goals. I haven’t actually looked at my 2012 goals mainly just because everything is so different from when I made them. I’ll have to check and see how I’m doing so far!
I hope we do! Sounds like a post to me!
I didn’t subtract the tuition payment I just made today. I figured since I will get it back in December, it is still part of my net worth long term goal.
If I save $500 more this month, it will only be $2400 every month to reach the 20K goal! Something to consider.