Dear Future Always the Planner,
Today is March 31, 2009 and our economy is in a deep recession. I have a secure job, but my salary is frozen until further notice. Since I was careful with my money beforehand, my habits haven't changes since this recession hit and I am continuing to work on my financial goals.
Two things are really important to me right now - fully funding my emergency fund and putting away money for retirement. I want to have a 6 month emergency fund. My goal is to save $10,000 this year and $16,000 total. I am also try to take advantage of this downturn and put as much money into my retirement accounts as possible. I hate feeling like I'm losing money, but I also love a deal and index funds are on sale. My hope is that in two years the stock market will slowly begin to climb back up and I'll be happy I put so much away now.
I'm also working to complete my slush fund so it can act as a short-terms savings account and cover unexpected costs as needed. This way I can save my emergency fund for real emergencies - like losing my job.
I hope that when I receive this email I have met the following goals:
- I have $16,000 in my emergency fund.
- I have $1,500 - $2,000 in my slush fund.
- I've continued to put away at least 15% of my salary into my 403b.
- I have begun saving for a down payment with the bf.
- That the bf and I are either engaged or married.
What would you write to yourself 2 years down the road? Or perhaps 5 or 10? The website is really easy to use and only asks that you confirm that it is your own email address so you can't spam using the system.
6 comments:
Interesting, I'll have to send my future self one as well. I'm not sure what to write though! I have a wealth of information to pass on to my younger self, if only I could go back in time. Future self better be smarter than present self, oh and in better financial shape.
omg i love this! and i'm totally doing it...good work :)
Oooh so interesting! And for some reason a little creepy?? I am definitely going to do this though.
This is very cool. I like the concept. I will have to send an email to the future Crystal and hope that she is as frugal as the current one. LOL. Thanks for sharing.
I like this idea a lot. I'm always doing stuff for Future Me so this will keep her honest ;)
Or at least keep me from closing certain e-mail accounts!
My high school health teacher did something like this when we were sophomores in high school. She had us write a letter to our future selves, and asked us to include a list of what we wanted to accomplish. She mailed it to us five years later. It was really interesting to see a letter written by my high school self when I was halfway through college. Definitely doing this as well!
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