About Me

DEB

I am married to a 'most of the time wonderful guy' and the mom to two great kids. I'm a high school teacher and I'm currently working on a Masters degree in Education.

2010 Tentative trips

February 2010 Puerto Rico
Need $1,000.00
9/15/09-$200.00
9/30/09-$250.00
10/16/09-$450.00
10/31/09-$650.00
11/15/09-$850.00

March/April 2009 Ireland
Need $2,500.00
9/15/09-$250.00
9/30/09-$450.00
10/15/09-$650.00
10/31/09-$900.00
11/15/09-$1,150.00

****SAVINGS TO DATE****
Money Market Account:

10/15/09= $21,644.94

Savings Account:

10/15/09=$25,820.12

Total savings goal=$50,000.00

****SUMMER FUND 2010****
(So I don't have to work in the summer and home repairs)
Goal by June 30, 2010
$13,000.00

9/15/09-$550.00
9/30/09-$1,100.00
10/16/09-$1,650.00
10/31/09-$2,200.00
11/15/09-$2,750.00

****GOALS FOR 2009****
[ ] Remove in-ground oil tank
[X] Save for a granite counter-
top, stainless steel sink
and range hood.
[X] Replace the deck. (priority)
[X] Take at least 3 graduate
courses in 2009.
[ ] Increase the extra principal mortgage payment to $200 instead of $150.00.
(X) January/2009
(X) February/2009
(X) March/2009
(X) April/2009
(X) May/2009
(X) June/2009
(X) July/2009
(X) August/2009
(X) September/2009
(X) October/2009
(X) November/2009
[X] Increase savings to $20,000 by July 1st, 2009.
[X] Increase Personal Savings account to $23,000.00 by December 31, 2009.

****Personal 2009 Goals****
[ ] Exercise more
[ ] Lose weight (I'm working on it!
[ ] Try to visit my parents at least two times a year.

****Long Term Goals****
[ ] Pay-off 30 year mortgage in 10 years. (26 years remaining)

A car fund?

January 23rd, 2009 at 05:15 pm

I'd been thinking (maybe a little too much lately)about establishing a car fund. I drive a 2001 Suzuki GV XL7 that has not hit the 50,000 miles yet. We plan to keep this car 'till it dies. The SUV looks great and thus far in great shape (my husband is a car buff and takes great care of it). Thinking ahead, I'd like to start putting money away so that we can pay cash for a new car when the time comes. We have a truck loan now at 0% interest for 7 years and even though we pay no interest, I really hate making the $394.00 a month payment. Do you think this is a good plan?

Posted in Uncategorized | 8 Comments »

8 Responses to “A car fund?”

creditcardfree Says:
January 23rd, 2009 at 05:17 pm

Sure...saving for any goal is a great plan!
ralph Says:
January 23rd, 2009 at 05:35 pm

Absolutely! Driving till they drop is the best plan, and saving for a replacement before that happens is perfect.
Amber Says:
January 23rd, 2009 at 05:36 pm

I say go ahead and save if you can, it's a great idea
merch Says:
January 23rd, 2009 at 08:00 pm

Personally, I would pay off the truck loan as fast as you can and then save for a car.
Ima saver Says:
January 24th, 2009 at 07:48 am

whenever, I pay off a car, I keep making that payment to myself. It goes to my "new car" fund!
NJDebbie Says:
January 24th, 2009 at 08:38 am

Thanks for all of your input.
Koppur Says:
January 24th, 2009 at 10:08 am

I think as long as it doesn't take away from a savings like a retirement account or EF, it is a great idea!
fern Says:
January 24th, 2009 at 02:11 pm

I bought my last 2 cars (Hondas @ < $15K) new, with cash. Yes, save up, nothing beats the feeling of being able to drive around and not have another big bill hanging over your head.

Trying hard not to be a slave to the lenders.

Teaching my sons to be fiscally responsible by example.

A car fund?

8 Responses to “A car fund?”

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