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2007 Financial Goals

December 24th, 2006 at 02:49 am

After much contemplation (on an aforementioned quiet beach) I've come up with the following financial goals for myself for the coming year:

--Have $500 on hand in my home.
--Have $5,000 in savings in the bank.
--Pay off Macys CC ($270)
--Pay off Mastercard ($1,000)
--Make double payments on home equity loan each month.
--Pay cash for every single purchase this year (except for bills which will be paid by check or online). No debit card, no credit card--CASH ONLY!
--Increase income from my business to $10,000 a month.
--Travel near or far once a month.
--Develop a plan to be able to live in a tropical locale (preferably Asia) at least four months out of the year (the older I get the less I like the colder months here) without going into debt to do it.

That's it. Actually meeting even half of these goals will be quite a challenge. I think the most difficult goal will be paying cash for everything--something I have never done for longer than a week or so.

2 Responses to “2007 Financial Goals”

  1. Bookie Says:

    The biggest challenge I find in living on a cash/check basis is that I need to plan for virtually any significant expenditure. No casually taking advantage of an unadvertised special. I don't carry my checkbook, incidentally, only the check I intend to use.

    Smile

  2. Ima saver Says:

    I never carry my check book either.

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