Malachi Money

At the beginning of 2014, I posted about goals that I wanted to accomplish for 2014. Here they are:

Goal #1 – Get our saving back up to $1000.
Due Date – 01/31/2014
Status – DONE! Completed 12/27/2013

Goal #2 – Pay off Capital One Credit Card
Due Date – 03/31/2014
Status – DONE – Completed January 1st

Goal #3 – Pay off Chase Card
Due Date – 05/31/2014
Status – 75%

Goal #4 – Save for our Elio car
Due Date – 08/31/2014
Status – 0%

Goal #5 – Pay off our Prosper Loan
Due Date – 08/31/2014
Status – 47%

Goal #6 – Reach positive net worth
Due Date – 12/31/2014
Status – 46%

Goal #7 – Invest $1,000 in ROTH IRAs
Due Date – 12/31/2014
Status – 0%

Here is an update on how we did!

Goal #1 – Get our saving back up to $1000.
Due Date – 01/31/2014
Status – DONE! Completed 12/27/2013
New Status – Got got back to $1k in saving in November! Goal still standing!

Goal #2 – Pay off Capital One Credit Card
Due Date – 03/31/2014
Status – DONE – Completed January 1st
New Status – Still Credit Card debt free!

Goal #3 – Pay off Chase Card
Due Date – 05/31/2014
Status – 75%
New Status – 100%. Credit Card debt free!

Goal #4 – Save for our Elio car
Due Date – 08/31/2014
Status – 0%
New Status -0%. It’s looking like the car will not be released until late 2015. I’m still debating on if we should start saving for this hard core or pay off existing debt and go with a small car loan.

Goal #5 – Pay off our Prosper Loan
Due Date – 08/31/2014
Status – 47%
New Status – 65%. Back in April, we got a new loan to pay off the old loan at a lower interest rate. We are still chugging away at this, but we did not meet our goal. Hopefully this will be gone in 2015.

Goal #6 – Reach positive net worth
Due Date – 12/31/2014
Status – 46%
New Status – 72%. So close! We should hit this for sure next year!

Goal #7 – Invest $1,000 in ROTH IRAs
Due Date – 12/31/2014
Status – 0%
New Status – 22%.

We reached 3 of the 7 goals we set out to do. Not too bad. We should be able to finish off most of them next year!