topic Financial Goals for 2017? in Personal Finance

Financial Goals for 2017?

Anonymous — Sat, 31 Dec 2016 17:31:30 GMT

I don't really do the whole New Years Resolution thing but I have some goals for 2017 and some of them have to do with Finances so I was wondering what everyone elses goals were for 2017.

I am going to try to Garden all year.

Pay off the credit card debt that I have. (Which is around 3k-this should be done in the next 90 days)

Double up on my car payments.

I started to restablish in March of 2016 and have had great success so far. 2018 I would like to buy my first home! #goals

What are your goals for the New Year?

Re: Financial Goals for 2017?

Steelersboy — Sun, 01 Jan 2017 04:18:33 GMT

Build my savings more and contribute more to my IRA.

Re: Financial Goals for 2017?

EAJuggalo — Sun, 01 Jan 2017 04:34:08 GMT

Pay off all credit card debt, then get started on getting my wife's report mortgage ready by mid-2018.

Re: Financial Goals for 2017?

Anonymous — Sun, 01 Jan 2017 15:35:23 GMT

Save more and spend less.

Age my accounts.

Re: Financial Goals for 2017?

the_jan_b — Sat, 11 Feb 2017 22:11:34 GMT

Put my credit cards in ice until they're at a $0 balance - Done
Increase my contribution to my 401k - Done
Increase my contribution to my secondary retirement account - Done
Increase payments to credit cards - In progress
Increase amounts going into savings account for retirement - Takes effect with the next direct deposit
Have the last remaining few negatives removed from my credit reports
Save about 25% of the cost of a new car for a down pymt by the end of the year

Will review my plan in about three months, and adjust accordingly...

Re: Financial Goals for 2017?

Revelate — Sun, 01 Jan 2017 22:35:44 GMT

Simple year:

Pay off my HELOC.
Shuffle money into my various investment accounts
Unwind LendingClub if I can though I think that'll take a while.

New job is a big pause button on my financial life other than just taking the income stream and moving it to where it can do more good. Thought about paying down the mortgage though in current market think there's more optimal uses... also am thinking I want liquid assets and the ideal plan would be to get a place in a good school district in a few years.

Car should last a few more years, all the slush fund spending this year is pretty much done, and my expenses other than mortgage/HOA/taxes should be slashed with the travel reimbursement when I'm out of the country... or I might be on per diems

Re: Financial Goals for 2017?

Thomas_Thumb — Fri, 13 Jan 2017 16:27:21 GMT

1) Maintain work income in balance with expenses through 2020.

2) Allow current investments to grow without tapping into reserves

3) Pay down mortgage per plan - free and clear October 2020.

4) DD self sufficient - no longer a dependent on tax returns.

Re: Financial Goals for 2017?

grillandwinemaster — Mon, 02 Jan 2017 04:50:53 GMT

Nice thread OP!

I am also NOT into New Year's Resolutions, BUT I am into goal settings. Here are some of my financial goals:

1- "Ice" my credit cards until there paid down.

2- Increase my business income by 66% ( this is already In progress!)

3- hire my first employee! ( if I hit #2, #3 will happen)

Obviously, if I hit #2, #1 will also happen with greater speed and efficiency.

Let's have an awesome year!

Best credit wishes to all!

Re: Financial Goals for 2017?

Anonymous — Mon, 02 Jan 2017 20:02:34 GMT

1) Pay off Lowe's card before the 0% promo expires (should accomplish this with tax return)

2) Pay off student loan by end of summer

3) Refill my emergency fund (I spend about 8k on home renovations last fall)

I may not get number 3 completely finished this year but I think I will have the majority of it done by the end of 2017. The first two are definite (assuming no catastrophic issues arise)

Re: Financial Goals for 2017?

Anonymous — Tue, 03 Jan 2017 04:26:54 GMT

Build up my current savings account (for emergencies)

Build up my Barclays Dream Account that I just opened for future me (whatever that may be; just want a DO NOT TOUCH UNDER ANY CIRCUMSTANCES savings)

Continue paying off student loans with more than minimum payment required.

Figure out my life. This is largely as there are a couple of maybe big spends I have coming up, possible switching of crappy job to less crappy job. So just stick to savings and try to budget for these things. I'm lucky that my financial situation allows me to be a bit flexible (thanks to parents letting me stay home) so I can afford some of these spends without costing my savings deposits too much.

Re: Financial Goals for 2017?

Anonymous — Thu, 05 Jan 2017 01:33:45 GMT

SAVE! SAVE! SAVE!

Put more money to SAVINGS! Number 1 Goal!

2nd: Grow My Credit Lines

3rd: Keep Improving my Scores/Strengthen my Portfolio

Re: Financial Goals for 2017?

Anonymous — Thu, 05 Jan 2017 01:39:14 GMT

Save save save ... need to build the emergency/home improvement fund since I got my CC paid off. Minimize frivolous spending.

Re: Financial Goals for 2017?

iced — Thu, 05 Jan 2017 14:25:28 GMT

I have two goals for the next year:

1. Cap annual HSA contributions. Letting that money grow over the years will prove useful when I'm older and may actually have need of medical care.

2. Last year I diverted 39% of monthly gross to savings, investments, and retirement. I'd like to push it up to 45%. Capping HSA should account for between one-third to one-half of that goal.

Re: Financial Goals for 2017?

Anonymous — Thu, 05 Jan 2017 14:52:34 GMT

All of these are great! I enjoy reading everyones goals! Keep them coming!

Re: Financial Goals for 2017?

Anonymous — Thu, 05 Jan 2017 20:34:41 GMT

Mine are a bit different. I don't know if I will actually attain these goals in 2017, but nevertheless they are for the near future:

Get to the point of making $800 month on a semi-regular, sustainable basis. This is to ultimately get off of SSI, and finally have the ability to save my own money (currently if I save, SSI stops. It's a messed up system.)
Pay no credit card interest
Conclude the year with all cards zeroed out (they currently are, but I'm about to head back into debt out of life-threatening medical necessity)

The year of 2016 I accomplished:

Earning over $200/month on a regular basis (first earnings ever of my adult life!!)
Zeroing out all credit within 3-4 months of each emergency that necessitated debt (remember, I'm not allowed to save)
No interest (besides credit-builder loan, that's what, $1? Doesn't count. )
Created a habit where I'm only handling finances once a week, instead of stressing over them every other day.

Re: Financial Goals for 2017?

Anonymous — Sat, 07 Jan 2017 07:33:52 GMT

My goals for 2017 are to increase my savings to a total of 10000 dollars by the end of the year.

Figure out a way to cook so i dont spend all of my money eating out.

Re: Financial Goals for 2017?

Anonymous — Sat, 07 Jan 2017 16:35:02 GMT

My financial goals for 2017

Save
Pay down/off credit card debt
Spend less

Re: Financial Goals for 2017?

gamegrrl — Sun, 08 Jan 2017 22:58:54 GMT

Spend less, especially on eating out
Save more: I'm already putting $300/wk into my emergency savings fund and putting $6,500/year in an IRA, but I want to save more and SMARTER
I'm down to 0 inquiries, so don't apply for any new credit

Re: Financial Goals for 2017?

Anonymous — Mon, 09 Jan 2017 15:25:17 GMT

Game Grrrl,

Excellent goals! If you don't mind me asking, How long did it take you to raise your scores?

Re: Financial Goals for 2017?

Anonymous — Tue, 10 Jan 2017 17:44:32 GMT

Every year, my goal is to save more money. This usually means buying less stuff, and putting more money in my savings. This year I want to be smarter about saving, and earn some cash sitting in my savings account.

Save more money

Max out my IRA

Get more involved with investing

Maybe get a high yields savings account or fixed income investments