January 6, 2014

Review of 2013 Financial Goals

Below is a review of how we did with each of our 2013 financial goals.

1) Increase net worth to $211,000
This one was a gimme since we had already passed our 2013 net worth goal of $211,000 in December 2012.  We ended the year with a net worth of $245,457.24, 116.33% of goal!

2) Pass our 2014 Net Worth Goal 1 year early
Since we passed our 2013 goal one year ahead of plan, we decided to shoot for our 2014 goal of $251,900 one year early.  We almost made it coming up just $6,442.76 short.  The good news is that our current net worth of $245,457.24 means we will be starting off 2014 within sneezing distance of our 2014 net worth goal.

3) Contribute $15,000 to retirement accounts
We only contributed $12,918.29 to our retirement accounts in 2013.  I feel like we could have reached this goal with a bit more effort.  My wife was unemployed from December 2012 to April 2013, so we had a little catching up to do once she got her new (great paying) job.

4) $100,000 total balance in retirement accounts SUCCESS
Through contributions and market performance, we ended 2013 with $109,117.55 in our retirement accounts.

5) Grow our family
We feel so blessed that my wife is pregnant and we are due to have a baby girl in May 2015.  Best goal of the year!

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