Jonathan Speessen

20201 Personal Finance 4545

8/29/2019

Short Term Goals (1 year)

Goal Priority Target Date Cost Estimate
Renew Lease High 7/1/2019 $600
Vacation Low 12/31/2019 $1000
New Clothes Low 9/1/2019 $200

Intermediate Goals (2-5 years)

Goal Priority Target Date Cost Estimate
Get Married High 1/1/2024 32,000

Start Family High 8/29/2024 -

Accumulate 10k in Stock Medium 1/1/2020 6,000

Buy House High 12/1/2022 250,000

Finish College High 1/1/2021 30,000

Long-Term Goals (6+ years)

Goal Priority Target Date Cost Estimate
Pay off House Medium 2035 250,000

Prepaid College High 2040 100,000

Increase Investment Portfolio High 2030 Varies

Luxury Vacation Low 2025 15,000

 I plan on achieving my financial goals by thorough planning. Every month I go through my
expenses, what I’m expecting to pay, alongside what I actually paid last months. I calculate my income,
before and after taxes, check all cashflow coming in. I book keep all my assets, keeping track of the
increase and decrease in value. Every 6 months I check in to rework my investment portfolio calculate
the expected returns and the actual returns from the previous 6 months. I choose based on my income
changes and asset value if I want to increase my reoccurring investment strategy. I try to cut costs and
eliminate all un-necessary spending. Every 6 months I plan to also research my job title, other job offers,
and expected pay compared to actual pay. I like to keep an emergency fund at hand, so when it does
come an emergency, I’m not losing asset value or pulling from funds and getting hit with fees, or missing
bills.

WC:164