Editor's Note: Congratulations to Kathleen @ Frugal Portland, Kathleen S, and Jerry for winning this week's contest!
Most people have financial goals they are trying to accomplish. Whether it's dining out less or cutting back on a certain item in your budget, everyone works on achieving small financial goals everyday. But people also work towards achieving larger financial goals such as getting out of debt, buying a house, retiring, or taking a dream vacation too!
What is your biggest financial goal? Saving up for a house? Buying a car? Taking a trip around the world? Paying off your debt?
Tell us about your biggest financial goal and we'll enter you in a drawing to win a $20 Amazon Gift Card!
We're doing three giveaways — one for random comments, one for random Facebook "Likes", and another one for random tweets.
If you're inspired to write a whole blog post OR you have a photo on flickr to share, please link to it in the comments or tweet it.
Good Luck!
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Biggest financial goal? Financial independence. By that I mean, having enough investment income to cover three quarters of our family's current living expenses. This would allow my wife and I to transition to worthier causes and free up time to spend with our children and family. Why three quarters? Because when the transition occurs our expenses will be reduced and should cover all of our monthly expenses with additional savings. How are we getting there? By spending only 60% of what we make and investing the remaining in our children's education funds and our FI fund. If you are dreaming, dream BIG!
Pay off my $243K mortgage by 2018! I'm down to $142K in 19 months! How? Living BELOW our Means and using half of our savings.
Paying off those pesky student loans!!
Pay off mortgage, Have some money set aside for kids' education. Retire in style.
To retire comfortably
I would love to pay off my mortgage early!
My biggest financial goal is to become debt free (including the mortgage) within the 5 years. Plan in place, just need to keep up with it!
My dream is to finance medical school for myself, repay the debts, and then be able to properly care for my parents in their old age.
short term: finish reading david bach book.
long term: buy house with fiance and save enough money to send future kids to school.
Our biggest goal right now is to save up to cross-country move. My husband's job will transfer him, and there we can afford to purchase our own property as opposed to this high-cost-of-living area.