I never make new year’s resolutions. It’s always seemed like a silly tradition to me, and I tend to make modifications to my life on an on-going basis whenever I see something that needs to be tweaked. It doesn’t have to be a specific day – I just set goals whenever they come to me.
But I am feeling a lot of anticipation regarding financial goals that we’ve set for 2008. There’s something about a new year that’s exciting, especially this year, since it will be the first time since 2003 that we’ve started a year with a clean slate, not trying to pay off debt. I’m excited to see how much money we can earn in 2008, especially since we may be losing my library income once the baby’s born in May. And I’m excited to see how quickly we can start making headway towards maxxing out our HSA and IRAs. We’re going to focus first on the HSA, and try to max that out as quickly as possible. Then we’ll move the focus to my husband’s traditional IRA. And then my Roth IRA. I know that the Roth is important and that 40 years from now we’ll be glad we had it. But it’s hard to give up the instant gratification of a tax deduction that we get on the traditional IRA. But I’m determined to make sure we get to my IRA before the end of the year.