It helps when I make the goals public

[shekina]

Financial goals for 2009:
1) Save 3 months of base living expenses (rent, utilities, food, etc. not student loans)
2) Eliminate all credit card debt
3) Max out retirement savings accounts (especially ones that can be leverage to buy a first home)

Right now, savings seems just a bit more important than debt reduction.

Comments

[chessdev]

1. Good plan

2. Definitely a good plan

3. What time horizon? You should have an idea of how much you're trying to reach and how long your money will be tied up in reaching that goal.

And about the savings vs debt....depends on how big the debt is:
For example, my wife and I are firebombing her student loans because it's better to free up her cash soon. We are both working but in case 1 of us loses our jobs, we dont want the debt to persist over our heads.

In any case, good luck!!

[shekina]

:) It sounds like you've wrestled with finances too