Comments on: Share Your 2008 Financial Resolution for a Chance to Win an iPod!

By: Mrs. Wang

Mrs. Wang — Mon, 03 Dec 2007 20:57:13 +0000

My goal is to continue to save $500 a month in my emergency fund in order to have a 6-month emergency fund set aside. This is to ensure that I have a large buffer of savings in the event of an unexpected job loss.

By: Dave

Dave — Mon, 03 Dec 2007 20:47:30 +0000

My goals for 2008:
Currently have approx. $6,700 in CC debt from an emergency move last year and various poor financial decisions (which I have learned from). I had it all transferred to a 0% card for the next 12 months. I have been and will pay $350 per month on this debt for 2008.
I plan on saving $100 per month for investing in index funds at ShareBuilder ($4 per purchase). I will invest this based of 5 different index funds until December 2008.
I currently have a $500 emergency fund and plan to add $100 per month to that as well for all of 2008.
Plus, I am currently contributing 12% to my 401k and plan to increase that to 15% by the end 2008 (if not sooner).

By: Alan

Alan — Sun, 02 Dec 2007 19:54:10 +0000

My financial goal is to save 3000 dollars for my emergency fund by June 1st so I don’t have to depend on credit cards to get me through tough spots. I will do this by saving at least 500 dollars every month by paying myself first when I am paid and reducing expenses. Any extra money at the end of the month will also be saved for this purpose. Once this is done I will continue saving at the same rate with the goal of contributing the money to a Roth IRA.

By: Don J

Don J — Sun, 02 Dec 2007 17:43:59 +0000

My goal for 2008 is to get serious about contributions to my RRSP (Canadian retirement plan).

My plan is to make contributions equal to 10% of my gross income for 2008. I will do this by making a contribution to my ING Direct RRSP savings account every month when I get paid. I will set up an automated transfer so that I do not need to bite my lip and make the payment every month.

Looking at my current income, the idea of putting 10% of every month’s paycheck into my RRSP is terrifying. It does help a lot to make a commitment in a forum like this one, though!

By: Jamie

Jamie — Sun, 02 Dec 2007 03:37:59 +0000

My 2008 goal is to max out my ROTH IRA contributions. For the ROTH I have been putting $200 a month in a money market account and will continue to do that. When my balance hits 3k I transfer it into my ROTH. I plan on increasing my monthly savings to $400 a month to take advantage of the increase in 2008 contribution limits. End of year bonus should hopefully put me over!

By: Matthew

Matthew — Sat, 01 Dec 2007 20:35:46 +0000

Well CashMoneyLife-

I am new to your site, but I saw a link here, so I thought I might post my goal. Since my debt payoff is more than a year away I don’t get to set a end date goal that falls in 2008, so I’ll do this:

We have $45,000 in student loan debt. My goal is keep my monthly contributions over $3000/month. Currently we hover right around $3000, my goal is to always keep it above $3000. By doing this we will have all debt [we only have SL debt] paid off by March 2009. Now obviously raises, bonuses, and the like will likely contribute to the date being sooner, but this is something that is tight, but realistic.

It’d be easier/more fun to give you my 5 year plan. We REALLY want to get into a house, this debt payoff is what we’ve chosen to do first. So March 2009, then save about 5 months expenses, then 20% down for a modest home. So our goal for all of that is by the end of 2010. We can do it, we’ve been on track for a few months of intensity and don’t see us slowing down.

Thanks for your great site, I look forward to reading more!

By: Ryan

Ryan — Sat, 01 Dec 2007 16:16:18 +0000

Everyone through this point should have received a confirmation e-mail from me. Thank you for sharing your goals, good luck in the giveaway, and more importantly — Good luck reaching your financial goals!

By: Miss Grad

Miss Grad — Thu, 29 Nov 2007 18:58:41 +0000

My goal is to open a Roth IRA and invest in a Vanguard index fund. To do this, I need to save $2000 more in order to meet the $3000 minimum investment. I plan to put away 10% of my paycheck as well as any windfall money (especially from Christmas cards!) into a high-interest savings account and then roll it all into the Roth when it gets to be enough.