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Financial Goals Update: March | Frugal & Simple

Financial Goals Update: March

We have had another successful month making strides towards accomplishing our 2010 Financial Goals!

Here’s what we accomplished in March:

1. Save $3,000 for new to  us vehicle. We saved $142.59 in March towards this goal! We are very slowly progressing with $2,572.91 left to go but we are pleased with every dollar we are able to save! We’re not sure if this goal will be achieved in 2010 but we are going to try (plus our vehicles are still running great so we have plenty of time to keep saving for a new vehicle!)

2. Add on a guest room in the basement without any debt. We have yet to begin building the guest room in the basement. We’re not sure when we will begin but we have $562.78 saved for the project!

3. Establish a college fund for Paxton. We haven’t quite figured out the wisest thing to do in regards to what type of account but we have begun saving a little each month and plan to put some money we received at showers into his college fund!

4. Make an extra principal payment each month. We were able to make $217.85 in extra principal payments in March! (To pay off our mortgage in 15 years we need to make a $215 payment each month!) So far in 2010 we’ve made $785.35 in extra principal payments, it’s great watching the principal amount come down!!