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I mentioned last weekend that I enjoyed reading other personal finance blogs. Besides picking up new tips and getting a sneak peek on how others handle their money, it can also be motivating. This week reading a post about Emily’s goals on My Journey to Millions.

2012 Financial Goals and Progress

Earlier this year I gave our financial goals for 2012; they included:

  • Get our finances prepare should something happen to us.
  • Purchase a family car.
  • Pay down the student loan.

How are we doing so far on these goals? Let’s break it down: wills and legal paperwork

Pay down the student loan. I’ve been updating here about how we’re finding ways to cut back and earn a bit more to put towards the student. It’s like a game and it’s helped us to slowly whittle way at the student loan balance.

Purchase a family car. After savings for awhile, we shopped around and found a family car that we bought this spring. We were able to meet our goals and didn’t have to take out a car loan.

Prepare for the unexpected. This goal had stalled. I updated my life insurance coverage and we picked guardians should something happen to both of us, but we hadn’t updated our wills. After reading Emily’s post and having Evan encourage me (lol-thanks!) I made an appointment with a lawyer to sit down and discuss what we would like to have included with our will and other documents.

To find the right lawyer I want to the NC bar site and used their referral service (after checking to make sure the lawyer had a good record). We’re gathering all our information for the appointment and we can’t wait to check off this goal from our list.

Thoughts on Financial Goals

I’d love to hear from you. How are you doing on your goals for the year? What do you still need to tackle?

Photo Credits: Dave Dugdale and ifindkarma

 

About Elle Martinez

Elle Martinez helps families at Couple Money achieve financial freedom by sharing tips for reducing debt, increase income, and building net worth. Learn how to live on one income and have fun with the second..

5 comments comments closed

  1. We took care of this last year and I feel so much more relaxed about it now. We were forced to make decisions, have talks with family and get our things in order, but we managed to do so and completed wills, power of attorneys and living wills. We actually bought and used the forms from USLegal Forms and it really did only cost $29. (If I remember correctly.) We completed the forms and had them witnessed and notorized at our Credit Union. In my opinion, I would start there first, or at least check it out before you drop big bucks on an attorney. But that’s just my experience. Check out:
    http://www.uslegalforms.com/dave/

    This is certainly a great thing to have checked off!

  2. This is on our to-do list before the end of the year. Nothing wrong with just doing it now, though, is there? 🙂 Thanks for the reminder.

  3. We just met with our financial planner last night & one of the things that we have been putting off is the estate planning (BAD! I know!). So that is on the list of goals this year along with refinancing.

  4. That is awesome that you made an appointment. I don’t have a will and probably should even though I don’t have that much to distribute or anyone really to distribute it to.