2011 Financial Year In Review

As I’m working on my financial goals for 2012 (I’ll be sharing them in the new year. I hope you will, too.) I thought I’d review my 2011 financial goals. You can follow my progress throughout the year with these posts:

• Q1 update – optimism abounds!
• Q2 update – a reality check is given.
• Q3 update – a somber update.

After reevaluating, here’s what I planned to accomplish in Q4:

• Pay Chase (1 of 3) down by 50%
• Continue regular contributions to 401k
• Increase emergency fund to $4,000

Here’s how Q4 really played out:

• Paid Chase (1 of 3) down by 25%
• Continued regular contributions to 401k
• Held emergency fund stead at $3,000

All in all, not a bad year! In total, here’s what I accomplished:

• Established an emergency fund of $3,000
• Maximized 401k contribution at 4% with company matching
• Paid auto loan (1 of 2) in full
• Reduced credit card debt by approximately 30%
• Finalized divorce and separated finances

How was 2011 for you? Are you in a better place financially now than you were in January?

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