So after a full year of saving, we met all of our 2011 financial goals and in fact finished several set out for 2012. Our liquid net worth increased from $37K to $65K so we saved over $28K this year. Our multiplier (assets/expenses) increased from 0.79 to 1.58 so we not only have more assets than expenses, but we have more than half again as much. Still much of this money will be disappearing over the next 2 years as we purchase a car (with cash) and a house (with close to a 20% down payment).
This year will represent huge changes for our family. I will propose my dissertation. We will be having a baby. I will get a new job. We might be moving for this job. We are already starting to dream about all the things we will do and purchase when we are in our own home. The home purchase will probably be put off until I have worked in my job for 6 months and possibly until after I finish my dissertation.
Right now our goals are focused on continuing our retirement savings, continuing to save for a down payment, and starting to save for my student loans coming due.
2011 Wrap Up
January 3rd, 2012 at 09:51 pm
January 3rd, 2012 at 11:49 pm 1325634569
January 4th, 2012 at 02:17 am 1325643427