Tuesday, February 13, 2007

2007 Goals

My goals for 2007 are:
  1. Increase my emergency fund to $10,000. This is ultimately where I would feel comfortable and equals over six months of living expenses.
  2. Max my HSA contributions for 2007. I switched to a high-deductible insurance plan that is combined with a Health Savings Account. The maximum contributions my employer and I can make are $2850 for 2007. My employer's planned contributions are $1000, so that leaves me with $1850 to contribute.
  3. Max my Roth IRA for 2006 and 2007. This means $1250 towards 2006 and $4000 towards 2007.
  4. Contribute at least $13,000 to my 401k. Based on my income and expenses, it doesn't look like I can max it out this year, but if I can I would be extra pleased.
  5. Increase my net worth to $76,000. This goal seems very reasonable for me.
I am also going to carry over my 2006 non-financial goals:
  1. Have an up-to-date will.
  2. Take an inventory.
  3. Create a list of accounts in case of emergency.

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