Goals

New Savings Goal Attained Plus Emergency Fund Poll and Discussion

I sent in another 2300 dollars this month, for a total of 10, 800 dollars. I will not post this as my official update over at the NCN Network site, just yet. I might have to take a few of these dollars back if a current work program sputters a bit. Either Way, I am at 54 percent of my goal of 20K. I am saving roughly 2600 dollars per month for the year of 2006. Our take-home pay in that same period has been roughly 5200 dollars, give or take a few hundred bucks. So, roughly 1 half of our paychecks go into savings. Yay!!! Once we get the emergency savings taken care of, putting aside 15 to 30…

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Goals

NCN Manifesto

The following chart represents my goal of putting 20,000 dollars, per year, into savings and retirement, over the next 10 years. Yearly Contributions Retirement Accounts Savings Accounts               NCN 403B NCN Roth Mrs NCN Roth ING Direct TradeKing 2006 $0.00 $0.00 $0.00 $18,200.00 $1,800.00 2007 $6,000.00 $4,000.00 $4,000.00 $6,000.00 $0.00 2008 $6,000.00 $5,000.00 $5,000.00 $4,000.00 $0.00 2009 $6,000.00 $5,000.00 $5,000.00 $4,000.00 $0.00 2010 $6,000.00 $5,000.00 $5,000.00 $4,000.00 $0.00 2011 $6,000.00 $5,000.00 $5,000.00 $4,000.00 $0.00 2012 $6,000.00 $5,000.00 $5,000.00 $4,000.00 $0.00 2013 $6,000.00 $5,000.00 $5,000.00 $4,000.00 $0.00 2014 $6,000.00 $5,000.00 $5,000.00 $4,000.00 $0.00 2015 $6,000.00 $5,000.00 $5,000.00 $4,000.00 $0.00             Account Totals: $54,000.00 $44,000.00 $44,000.00 $56,200.00 $1,800.00      …

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Goals, Savings

Focus (Laser Vs. Flashlight)

I took the time to figure out the EXACT amount I will have to save each month, for 8 months, to reach my 20000 dollar goal. I will need to deposit $2434.39 on the first day of each month. I used an excel spreadsheet to calculate the interest, monthly payment, etc. This number will change, a little bit, if the interest moves up or down. Lately, I have acted like a flashlight, instead of a laser. This will change, as of NOW! My “financial” focus has been off, and I have been trying to do too many things at one time. When I was trying to get out of debt my goal was clear. Pay down the balance, pay down…

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