20 Financial Milestones for your 20’s

I was going through From Shopping to Saving Blog and I found this awesome financial post! Let’s see how I am doing…

#1 – Finance a dream vacation…in cash – In Progress
We want to travel! We want to go to Costa Rica, Mexico, Greece, Italy, South Africa…and that’s just overseas. We have a lot of saving to do! We haven’t been on our honeymoon yet either.
#2 – Pay off your student loans- Check!
I had scholarships and my parents helped me with living expenses, so no student debt. My hubby’s parents also paid for his college tuition, he just had to work to pay for his living expenses; no student debt.
#3 – Automate paying your credit card bill in full
I don’t have a credit card. Need to get one, I am just weary of it. I am not a fan of automating bills either. Unless it’s constant every month like Netflix, Renter’s Insurance, or Gym Membership. Everything else that is variable, I just go and pay it online. Doesn’t really take me a long time.
#4 – Get rid of all bad debt
We have no debt, so far. If we can get my car for under 10K, we shouldn’t need a loan, either!
#5 – Build an adequate emergency fund
No emergency fund
#6 – Make your first, and last, investment mistake
Hmmm…Not sure about this one…
#7 – Develop a statement of cash flows- CHECK
I am a number cruncher. I know where every dollar goes. I really need to post our monthly spending summary.
#8 – Max out a ROTH
Promise this will be done as soon as we start working. That’s a total of 10K since there are two of us in this marriage 🙂
#9 – Contribute to your 401(k)
Again, as soon as we have our jobs after college this will happen.
#10 – Get a degree or certification that increases your earning power
Currently working on my MS/MBA.
#11 – Take a career risk
#12 – Negotiate something
Every day baby!
#13 – Earn your first side grand
Need to work on this!
#14 – Star a sub-savings account for an upcoming financial goal
Need to do this!
#15 – Set a target retirement date
Need to this!
#16 – Monitor your credit
I don’t even know what my credit is. Probably have none since I have never had loans, credit cards, missed payments, etc.
#17 – Say no to a financial salesman
#18 – Give just enough to make it hurt
Broke college student
#19 – Invest $1 for every $1 you spend
Need to this!
#20 – Start a 529 College Savings Plan
Future goal.

So, I have a lot of goals to work on for 2012!

What are your thoughts? How is your progress?



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