The month of January has flown by which means we need to look at our goals and see where we are. I am so sick of paying bills right now that I could scream, but we did make some dents in our goals, bu then we still have a ways to go.
Goal 1: Save enough to replace our 1994 GMC Pickup Truck by Aug. 1, 2010. Still working on this one. We didn't actually add anything to this in January as we had to pay Alex's last tuition bill this month. He will graduate in May with his masters!
Goal 2: Pay off one of Alex's student loan by March 1, 2010. Done as of Feb. 8!
Goal 3: Write a will to make sure everything is covered should something happen to us, but it won't, because we don't die! Our financial adviser gave us the name of a lawyer who writes wills, but I hate to say we haven't done anything else with this.
Goal 4: Buy enough life insurance to bump us up to 10 times our salary each by Dec. 31, 2010. We made a spreadsheet with our various policies and listed out our totals each. The determination is that we both need a lot more to have 10 times our salary. We are in the researching phase at this point.
It doesn't look like we made much progress but January was a weird month. We had Row's birthday, bought Row a big boy bed, paid tuition, and Alex traveled to Cleveland. All but the trip to Cleveland was paid for in cash, so we can feel okay about that.
We should get a tax refund the end of this week, and we intend on putting that money away for the truck. That should move us closer to our goal of paying 100% cash for a new to us vehicle!
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