We set five goals for ourselves 12 months ago. Here's how we did relative to each one:
1) Increase net worth to $105,700 SUCCESS
We blew right past this goal in November and didn’t look back. We finished 2010 at 109.08% of our goal with a net worth of $115,300.07, $9,600.07 over our net worth goal. This feels great after missing our net worth goals the past two years. We are 4 years in to our 21 year plan to retire early and so far, we’re on track.
2) Increase savings account balance to $20,000 FAIL
We would have probably achieved this goal, but in March we paid $12,000 cash for a vehicle. Even so, we were able to get our savings back up to a pretty respectable $9,215.82.
3) Contributing at least 15% of income to company 401(k) SUCCESS
I’m going to say we met this goal because we contributed 15% to both of our 401(k) accounts until my wife was laid off. We have continued to contribute 15% to my 401(k) account, but my wife’s new company does not have a 401(k) plan. To make up for this, we have contributed an additional $4,000 total (2K each) our Roth IRAs.
4) Decrease debt by $1,000 SUCCESS
We pulled this one off at the buzzer. We increased our student loan payments slightly at the end of the year so that the balance dropped to $3,127.35. That’s $1,021.11 less than what we owed last December.
5) Increase tithe $25/month SUCCESS
Thankfully, we were able to increase our tithe not just $25/month, but $35/month to $835/month. Taking this step in faith and giving back a portion of what we are blessed with has continued to reward us.
So, it looks like we reached 4 of our 5 goals. Not perfect, but not too shabby. I’ll be posting our 2011 goals shortly.