So I started a post on my financial goals for 2008, well at the start of 2008, but I never quite got it finished. Since however the first quarter is already over (yikes) I thought I would post what my goals are so that perhaps before the year is halfway over I can post on how well I’m progressing. Here are my goals:

  1. Reduce the principal balance of my student loans by $1500
  2. Save $1200 for long-term savings (I don’t have a specific goal in mind but I might have need of money for a car or wedding in the (fairly distance) future)
  3. Increase my emergency fund by $1000

These are in order. If you’re wondering why the emergency fund is last it’s because I already have more than four months of savings specifically dedicated to an emergency fund as well as other savings that could be used in an emergency. At the beginning of the year I felt that these were fairly ambitious; if however I manage to meet them all, I’m not quite sure what I will do with the “excess”.