January COVID finances update

@maezee (41997)
United States
January 3, 2021 9:47am CST
Hi! Hope your new year is off to a swell start. I have a lot of goals this year-both health, fitness and financial-but the main one is to continue working on lowering my debt and eventually would like to be debt free. Not sure if that will happen this year based on the size of this car loan, but I am working at it. I ran into some expenses buying Christmas gifts, but also an east coast trip. And then also, I have been a little shopaholicy lately. But still I haven’t been doing too bad. Credit Card Debt: $0 Student Loan Debt: $0 Car Loan: 9,000 (-$855 paid off since November) Savings: $298.31 to savings (I had zero in savings, now balance is 298.31. I tend to pull out of my savings too frequently to ever keep a balance in there). My goal for end of January is to have a loan balance of 8,500 (pay another $500 off). Do you have financial goals for this year? How is your debt coming along? Hope all is well!
12 people like this
11 responses
@NJChicaa (116119)
• United States
3 Jan 21
I'd like to get up to at least $10K in savings (at $4000+ now) so I can start actively looking for a house
3 people like this
@rz3300 (357)
• United States
4 Jan 21
@NJChicaa Almost half way there!
@ARIES1973 (11426)
• Legaspi, Philippines
3 Jan 21
I hope I could earn more and save more this year. I still have some loans and i am working to pay all these so I could enjoy my salary.
2 people like this
@jaboUK (64361)
• United Kingdom
3 Jan 21
I hope you reach your goal. I'm fortunate in that I don't owe a penny to anyone.
1 person likes this
@Dena91 (15914)
• United States
3 Jan 21
Good for you for setting goals. Hope you are able to achieve them. We set goals when we had debts but house and van have been paid off for awhile now. We got them both paid off early.
1 person likes this
@arunima25 (85548)
• Bangalore, India
3 Jan 21
We have to sit down the coming weekend and plan our annual finance. My daughters education would be the main thing to plan. It's always good to be debt free. Hope you reach there soon
1 person likes this
@CarolDM (203451)
• Nashville, Tennessee
3 Jan 21
Good luck in the new year.
1 person likes this
@DianneN (247191)
• United States
3 Jan 21
I hope you reach your goals. We are debt free and sock loads into our savings and investments each month.
@rz3300 (357)
• United States
4 Jan 21
Sounds like you track your spending pretty well...that is one thing I could do better
• Philippines
4 Jan 21
Yes, I am planning to save more money this year.
@Nakitakona (56302)
• Philippines
4 Jan 21
No financial goal. We just spend money within our income.
@youfiq (2572)
• United States
3 Jan 21
nice to know you started the year on a financial note