Well, we’re just about done with 2009 and I wanted to take a look back at my financial goals, the blog, and take a look ahead to 2010.
Awhile back, I stated my 2009 goals. I’ve actually changed my mind about a few of them. The amount I have saved exceeded my expectations, and I’ve decided to allocate those savings differently than originally planned.
I have saved $3,000 in emergency savings as I had hoped. Actually, I’m up to $3,400 and once I get to $4,000, I’ll start to slow down considerably as that will represent about 3 months worth of expenses.
I do have enough in my checking accounts, although I thought I would need more in checking. Instead, I’m keeping one month’s worth of expenses in my checking account, so at the beginning of the month it is around $1,700, but as the month progresses, that drops to about $500 and gets replenished later. I realized that I didn’t need that large of a buffer, so I’m putting that extra money into savings.
For the Roth IRA, I decided to forgo that and retain my flexibility. By putting it in a Roth, I would be throwing $1,000 in a very basic Vanguard account. Instead, I’m going to invest $200 a month in index funds and retain the flexibility of deiciding what to do later should something happen.
I have paid off all of my high interest student loans, so right now my loans sit at around $23,000 at 2.8%, which is definitely bearable. I’ll be paying that down slowly and if I see I have excess money in savings, I may send in some lump sums to lower the balance.
In terms of the blog, I had no idea I’d have so much fun with it. After reading and reader for a few years, I decided to take the plunge and start the blog, and it’s everything I could have hoped for.
Here are a few of my favorite articles from 2009:
The Credit Series was a big success and I am planning to do a few other series on student loans and retirement funds.
Looking ahead to 2010:
I will be producing more of the same content. I want to focus on real stories and provide useful information to the visitors. I will also be guest posting on other blogs in the coming months, something I’m very excited about and something that should bring more traffic to the blog. I always welcome guest bloggers, and I hope to have some in the coming months as well. Finally, I may be updating the look of the blog with the help of a few friends, but that is several months away.
I hope you’ve enjoyed the blog so far, and there’s much more to come in 2010. Happy New Year!