2009 Goals: A Review

June 29, 2009 at 5:52 am 4 comments


At the start of 2009, I listed down our goals for 2009 (see story). Goal-setting is an important component of financial independence as you need to see where you want to be and be able to keep track on how you are doing.

Since this is the middle of the year, it’s time for me to check on the status of our goals.

1) Additional personal savings of PhP120,000.
*** Status: Done. I expect to save more from my salary before the year ends.

2) Ebay net earnings of at least PhP10,000 (earmarked for travel)
*** Status: 60% complete.

3) Add PhP12,000 to our mutual funds in Philam Fund, Inc. and GSIS Kabuhayan Fund.
*** Status: 33% behind. We are running behind in this goal. This is largely because of the unstable market and I’m quite nervous of placing more money in our mutual fund.

4) Start a retirement account of PhP12,000
*** Status: 50% complete. Just right on track.

5) Completely get rid of hubby’s credit card debt.
*** Status: 26K left. We expect to complete get rid of his CC debt by August 2009, four months ahead of schedule.

6) Pay off our car debt in full by November 2009.
*** Status: One month ahead of schedule. We expect to fully pay off the car loan by October 2009, one month earlier than we committed.

7) Save at least PhP140,000 from hubby’s salary.
*** Status: 50% complete

Optional goal: Travel to a foreign country
*** Status: Our Singapore travel is scheduled on October.

How about your goals?

Entry filed under: money tips, Reviews. Tags: , .

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4 Comments Add your own

  • 1. rj's mama  |  July 2, 2009 at 11:31 am

    i noticed that you have investments in mutual funds. why don’t you try trading in the stock market also, you can try accord capitals🙂

  • 2. Riza  |  July 23, 2009 at 10:34 am

    Wow, I think I need to reconsider my spending habits!!! I like that you have!

  • 3. Marj (nawie)  |  October 13, 2009 at 3:40 am

    hi roche, ‘noticed that you and hubby are right on track on your savings and yet hubby still has a 26K CC debt.. why not pay for this first? surely you’ll still have more left even if you do this =)

  • 4. pinayandmoney  |  October 13, 2009 at 4:45 am

    hi, marj. hehehe. you noticed it pala.😀 actually, i don’t want to pay off all of hubby’s CC because i want him to learn the lesson. would you believe that majority of his CC debt was incurred way, way, way before we got together? medyo costly yung lesson na yun but hubby needs to understand how hard it is to pay off his CC. hehehe.😀 but yeah, since on track na kami sa savings, i’m thinking of paying it all off na.😀

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