Monday, February 23, 2009

Going over the goals thus far - Finance (Goal #1)

Here is a quick reference to our 2009 goals, as originally written:
Ksquared's 2009 Goals

Financial Goal #1: Have the wedding paid off by the end of 2009
We haven't had the wedding yet, so this is still to be determined. However, by our calculations, it is easily within our bounds to reach this goal.

In fact, we have a plan to use the small amount of debt we will most likely incur to our advantage. What little we have left to pay we are going to throw onto a one-year 0% interest credit card...at the same time, we have a few investments that are gaining between 2-4% (all liquid and enough to pay for the remainder of the balance)...Hence, we will leave the small balance on the credit card (with a great debt-to-limit ratio, helping our credit a bit) and pay off the credit card with the money after 10-11 months with a return on investment and no worse for the wear.

And of course, we have to give a HUGE HUGE HUGE thank you to the parents of the bride for their financial help as well. We had planned everything assuming it would be all on our shoulders, but Kim's parents would not allow us to do it alone and we appreciate their gift more than they will ever know.

Goal #1 Verdict?
So far, so good!

8 comments:

  1. Weddings?: Expensive!
    Having future in-laws help you out?: Priceless!!!!

    Good for you guys in trying to plan ahead and for being sensible about it all!

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  2. Isn't it great to make a goal and see it succeed? Congratulations!

    Sounds like you're getting great in-laws!

    Take Care!

    Small Footprints
    http://reducefootprints.blogspot.com

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  3. I forgot...go over to my blog site..there is a blogger's award waiting for you there!

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  4. Sorry I haven't been around, life gets in the way for me too, congrats on getting ready for the wedding. I'm also glad you appreciate good parents. That's my parent voice speaking. LOL

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  5. Where are you guys? You've been tagged on my blog florenceview, stop by to see what it's about, you don't have to do it if you dont' want but it's sort of fun.

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  6. have a good day.

    http://forextraderclubs.com

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