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Do you tend to divide up your goals into monthly amounts and work on them all at the same time? Or do you focus on checking them off one at a time? Just curious (because I see the house/furniture fund is definitely a 2010 priority!)
Both
Our 401k goal is done on a per paycheck basis so that is a goal we work all year. The IRA goal is one that I try to attack earlier in the year with the idea that the earlier we invest the more money we are making over time.
We are prepaying the mortgage on a monthly basis so that is also a goal we will work all year.
The emergency fund, the baby fund and the house/furniture fund should fall in that order of priority but the desire for a new couch and the savings for same was a hold over from last year. I've been looking at furniture since 2007 and we've really wanted a new couch since we bought our home in 2004. My ability to delay my gratification was done and I've actually already ordered the new couch. I bought the couch using the store credit card (I hate debt and I hate store credit cards but this was a good deal) which is running a 0% 12 month deal and I got $500 in rewards (which I used to buy new towels). I'm debating whether to pay the card off ASAP or let the money sit in our ING savings account and earn interest.
I also have auto transfers set up for the emergency fund and the baby fund so that is a goal that we work monthly but the amount of our auto transfers is well below what we need to meet our goals so we'll have to up the transfers or throw extra money at those two later in the year.
