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Financial Goal for 2008!

Patrick at CashMoneyLife.com is hosting the first Carnival of Financial Goals next Wednesday (December 5th). He’s asked people to write blog posts for the carnival, which will also be entered in a contest to win an iPod. The goal has to be SMART, and he’ll tell you what that means.

I was trying to think of my biggest financial goal for 2008 and then it hit me. I’m starting my new patchwork job and won’t have a guaranteed salary.

So, my financial goal for 2008 is to be earning $2000/month after taxes by the end of April, and $2500/month after taxes by the end of October.

I will be earning it through my job at the hospital, sewing, freelance, blogging, tutoring, everything I can get my hands on.

I’m sure that seems really low to some people. Well, Mr. Micah will be earning a bit, but we can actually live comfortably on $2000/month or so and make just more than minimum car payments. His student debt is currently deferred and we’re waiting until he’s working to deal with it (it’ll be deferred at least until next September and if I’m making $2500/month by then I can start putting money towards it). Maybe that’s not the best decision, but it’s the one we’ve made.

Specific, Measureable, Actionable, Realisitic, and Timely. I think my goal is pretty SMART.


{ 8 trackbacks }

A 2008 financial goal and a chance to win an iPod | Gather Little By Little
November 29, 2007 at 6:50 pm
Mrs. Micah: Finance and Life / Save the Business Card!
November 30, 2007 at 8:30 am
Green Panda Treehouse » Financial Goal for 2008
November 30, 2007 at 11:27 pm
2008 Financial Resolutions | Cash Money Life
December 5, 2007 at 7:34 am
Carnival Retrospective | Mrs. Micah: Finance for a Freelance Life
December 9, 2007 at 1:07 pm
Carnival Time! | Green Panda Treehouse
December 17, 2007 at 10:44 am
A Goal for the First Month of the New Year | Mrs. Micah: Finance for a Freelance Life
January 1, 2008 at 9:30 am
How are my 2008 goals going? How are yours going? at Mighty Bargain Hunter
January 28, 2008 at 7:05 am

{ 6 comments… read them below or add one }

Patrick November 29, 2007 at 7:26 pm

Pretty SMART, indeed! πŸ˜‰

Good luck at meeting your goals this upcoming year. πŸ™‚

Flexo November 29, 2007 at 9:07 pm

That sounds like a great income goal. Good luck! I look forward to hearing about your progress and strategies.

plonkee November 29, 2007 at 10:23 pm

Sounds like a great goal.

I still think that I should win the ipod though. πŸ™‚

mrsmicah November 30, 2007 at 6:54 am

πŸ˜› Plonkee. πŸ˜‰

wealthy_1 December 2, 2007 at 8:26 am

I think you’re goal is pretty smart too. No goal is too low. Good luck and continued success!

Dividends4Life December 5, 2007 at 8:42 pm

Admirable goal!

I plan to include a link to this article in my Friday Carnival review.

Best Wishes,
D4L

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