Sunday, October 31, 2010

atTENding to Our Finances in 2010 November update

Time once again to update our financial goals, which I posted at the beginning of the year.

Our first goal was to save up for our daughter's bat mitzvah, which occurred at the beginning of the month.  We thought we had budgeted correctly for this; it turns out that there were several unplanned expenditures, which we had to pay for out of our other savings (which was our second goal).  So this month was spent restoring our savings.

So, we did not work much on our third goal, which was to pay off our home equity line of credit.  We did make a small principal payment as well as an interest payment.  But we have only paid off approximately 9% of the loan amount from the beginning of the year.

I'll be doing a few things to help increase our income over the next several months, so that we can throw more money at the home equity line.  These include:

 How are you doing on your 2010 financial goals? Post them (or a link to your blog) in the comments.

Check out more financial goals at Saving on a Shoestring @ Cha-Ching on a Shoestring, Coupon Teacher, and Money Saving Mom.

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