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About Me:

Patrick

Single male in Ohio born in 1963. I'm "the toyguy" because I work in the toy dept. of a large retail store.

2011 Goals:

- Pay myself back into my savings account the money that I used to pay off my mortgage.
- Put $3000 into a Traditional IRA again.
- Put $1000 into a Roth IRA.
- Add at least $2000 to my Antarctica fund.
- Add $400 to Emergency Fund (At end of 2010 I have $2526 in this fund)
- Put at least some money into my car fund. I have a car fund created at ING with about $25 in it but need to start saving for a future car purchase.
- Go to Scotland for a week in May for a ghost tour and stay a few days in New York city.
- Might have to have another expensive roof repair. Last year or so I had to have half the roof done and was very satisfied. But I think I have to have the rest of the roof done now.
- Take a short trip to New Orleans for Halloween.

2010 Goals:

X- Pay myself back for latest car repair (rear breaks)
X- Add $400 to my E-Fund
(Added $410)
X- Continue putting whatever money I can into IRA fund for 2010 and 2011.
X- Put $3000 into IRA for 2010
X- Have income taxes done before end of March
X- Continue paying at least $100 extra on Principal of my mortgage each month
X- Continue putting whatever extra I can afford into my Travel Fund
X- Have to call Tours of Terror to make arrangements for Ghost Tour in Scotland for next year.
X- Try to take a trip to west Virginia in Spring or early summer.
- Take a short trip to Phoenix Arizona if I can get very low cost tickets. (FAILED. Couldn't get cheap enough airfare)
X- Figure out exactly when I can pay off the rest of my mortgage. It might be this year or the end of next year.

"Lofty" 2010 Goals:

X- Pay off my house completely by November. This one is not so lofty cause I will be paying it off sometime regardless. November will be the absolute earliest though.
(Paid off end of October)
X- Start an Antarctica Fund and save at least $1000 in it. I want to go there someday but its very expensive and my Travel Fund alone will never be able to handle it. (Put in $1200)
- Put at least an extra $1000 into my 2010 IRA than stated above but put it into a Roth instead of a Traditional.
(Failed. Never got around to this one)

2009 Goals:
X- Pay myself back $344 for muffler repairs on my car from December of 08.
X- Add $400 to my E-Fund.
X- Continue saving for a total of $4000 for 2009 IRA.
X- Start saving for total of $3000 for 2010 IRA. (Saved $690)
X- Have my first ever yard sale when the weather starts getting nice this spring.
X- Try to take a real vacation around July or August possibly to Costa Rica.
X- Pay at least $100 extra per month to Mortgage principal. I plan to pay off my mortgage completely before the 20 year mark which is about 3 years from now.

2008 Goals:
- Continue using Quicken to keep my checking and other accounts in order.
- Save at least an additional $400 into my
E-Fund (DONE) which currently has $1,200 in it. My overall goal for E-Fund is $12,000.
- Slowly work on building up a car fund. (VERY SLOWLY)
- Save enough into Travel Fund to take a good vacation in October. (Saved enough money but cannot travel this year)
Save $4000 for 2009 IRA contribution.
- Continue my "Paper (clutter) Challenge"
- More to come as I think it over.

Payday, goal update

January 23rd, 2009 at 06:12 am

Cashed paycheck today and made a little more progress on my goals. I could do better if I worked a normal 40 hours a week or God forbid a little overtime. But things are slow at work and I'm very lucky
if I can get about 38 hours a week.

Anyways, put $60 towards my extra mortgage payment. I think I'm about $40 ahead of what I need for this month on that one cause I'm only actually paying $100 extra a month right now no matter how much I can save over that.

And I paid myself back another $50 for the car repairs so now I'm down to $214 I still owe myself.

I only work less than 36 hours this week so the next paycheck (which I get paid every 2 weeks) wont get me too far on my goals either but I am making baby
steps forward. At least I am completely debt free other than my mortgage and regular utility bills. And I plan on having my mortgage paid off in less than 3 years from now. Can't wait for that!

Posted in Uncategorized | 6 Comments »

6 Responses to “Payday, goal update”

Koppur Says:
January 23rd, 2009 at 02:37 pm 1232721457
1232721457

Baby steps add up to giant leaps! Great job, keep at it!
mooshocker Says:
January 23rd, 2009 at 03:10 pm 1232723409
1232723409

I could not have said it better than Koppur. Baby steps still get you to your goals. God bless.
creditcardfree Says:
January 23rd, 2009 at 04:41 pm 1232728913
1232728913

I agree with Koppur, too! You are doing great.
toyguy1963 Says:
January 23rd, 2009 at 05:29 pm 1232731754
1232731754

Thanks "guys". You are all very encouraging.

Now if only I had a magic toilet that money appears in I'd be all set. LOL.
NJDebbie Says:
January 24th, 2009 at 01:25 am 1232760319
1232760319

Me too, I agree with Koppur! I cant' wait to read the your blog about paying off your house.
toyguy1963 Says:
January 24th, 2009 at 05:12 am 1232773936
1232773936

Thanks Debbie. I am looking forward to that too.
I don't really owe very much. I bought an inexpensive home to begin with. And I've had it approx. 17 years now. So I owe less on it than what most people owe on their new cars. So I will have it paid before the 20 year mark.

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The Toyguy's Blog

Chugging along at a snail's pace.

Payday, goal update

6 Responses to “Payday, goal update”

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