Showing posts with label goals. Show all posts
Showing posts with label goals. Show all posts

Friday, June 6, 2008

My 2008 Personal Finance Goals

Most of the personal finance blogs that I read include the blogger's financial goals. I assume it makes them more accountable, and also serves as a way to keep track and look back on how well (hopefully!) they've done. Back in January, I wrote out my goals on Adventures in Library Land. They were:

1. Pay my car off within 18 months.
2. Learn more about personal finance and investing. I quantified this one by saying I would keep up with the personal finance blogs I subscribe to (see the Finance section), as well as reading 2 books.

How am I doing on my goals?
1. I have paid off my car already. In 6 months instead of 18. The title came in the mail the other week, and it was entirely too exciting. I now own my car. What a good feeling. Goal 1 accomplished.
2. I have read two personal finance books. I would highly recommend Random Walk Guide to Investing, which I reviewed on Rage in the Page. The Ultimate Cheapskate's Roadmap to True Riches is also a great read, both entertaining and quick. It contains lots of good advice on how to keep your expenses low, although I doubt many would desire to be quite that cheap. (Note: Book title hyperlinks will take you into WorldCat where you can type in your zip code and see if a library near you has the book. It's cheaper than buying it, and I'm a librarian - I like to support libraries). I also do a relatively decent job of keeping up with the personal finance blogs I subscribe to.

Since I basically met the goals I set earlier, I am setting additional ones:
3. Open a Roth IRA (I've been intending to do this for the past 6 months, and I need to finally do it!)
4. Read 3 more personal finance books, and continue to keep up with the blogs I subscribe to.