Back in January, I shared with you the financial goals that my husband and I set for 2011. Each quarter, we sit down to review our progress, and I'll share it here so you can see how it's going. At the beginning of April, I shared how everything went askew because of our FEMA drama about flood insurance. I'm sorry to say this has not been resolved, even with the many many hours I've put into it. Grrrrr… We had also been nervous about the government shutdown, which obviously didn't happen (yay). So here's the current update:
1) Pay off one whole debt
Nope. See #2.
2) Bigger Emergency Fund
We hadn't moved on either of these goals by April because of having to send a bunch of money to FEMA. Grrrrr… I think we're close; I'm waiting for one more letter to get from point A to point B and we should see the money returned. In the meantime, we've socked all money–our tax refund, extra monthly from a raise my husband received, and my blog earnings–into our emergency fund. At this point, we're feeling really good about goal 2 but really lousy about goal 1. As soon as that FEMA refund check comes, it's going straight to #1.
3) Contribute to a retirement plan
My husband is now contributing enough to his work plan that they'll match it, but we'd still like to do more. Obviously, the previous goals have higher priority.
4) Pay down our second mortgage
5) Two family vacations (using the “extra” 2 bi-weekly paychecks)
We did it–we went to Florida for one week in May. It wasn't bad–we actually came in $900 under budget, since I was militant about cooking and stretching our funds. Our second trip this year is a big family reunion in the Midwest in August. We bought plane tickets at the best price I could find, so it was expensive, but I'll get creative in all the other areas and try to keep us on budget.