I can’t believe 2016 is hear already.  Below are the results of the 2015 financial goals that we set for ourselves 12 months ago. As you can see, it’s a mixed bag in terms of success and failure. We’re excited about what 2016 will bring.  I’ll be posting our 2016 financial goals soon.

1) Pass our 2016 Net Worth Goal 1 year early – FAIL

We passed our 2015 net worth goal of $296K one year early so we set a goal to of hitting our 2016 net worth goal of $343K by the end of 2015. We didn’t quite get there but got darn close, ending 2015 with a net worth of $331,113. I was out of a job the first 5 months of the year so that’s not too shabby.

2) Pay off credit card balance of $5,767.31 – SUCCESS

We successfully paid off the $5,767.31 credit card balance from purchasing a new HVAC system a little over a year ago.

3) Pay $3,000 extra towards mortgage principal – SUCCESS

Another success! We paid $3,100 total in extra mortgage principal payments in 2015, surpassing our goal by a tiny bit.

4) Contribute $4,000 to 529 Plans ($2,000 for each child) – SUCCESS

We squeezed this one in the last month of the year. By contributing $640 to our son’s 529 Plan in December and $285 to our daughter’s plan in December, we reached goal of contributing $2,000 to each of their 529 Plans in 2015.

4) Building savings account balance to $15,000 – FAIL

We set a goal of building our savings to $15,000 in 2015. We didn’t quite make it but finished with a respectable $11,516.46. We hope to exceed the $15K in savings in just a couple of weeks with a ~$34K gross severance that my wife will receive in January.