2015 Goals

Now that it’s 2015, I’d like to get our financial and life goals written down so we’ll have focus.  It is really hard for me when I don’t have some idea of what my goals are.  I feel like I’m lost!  Mr. Money and I discussed the things that are important to us, and where we’d like to be in a few years.  Here are some of the things we touched decided we’d like to accomplish:

Pay $5,000 down on the principal of our house.  According to the amortization, this puts us ahead.  We decided that paying off our house is probably not the number one priority for us.  There are other things we need to do with our money: save for retirement and Penny’s education, to name a couple.  $5,000 is still good progress, and I’ll honestly be happy if we accomplish this!

Save more money for retirement each month.  Mr. Money and I have IRAs through Vanguard that we’re going to be contributing to.  This year I finally consolidated ALL of our retirement accounts so I have a Traditional IRA and ROTH IRA, and Mr. Money has a ROTH IRA.  It’s such a relief to have all of our retirement assets in one place.  I should have done it earlier but oh well!

Save more money for Penny.  We put money in her savings account when her piggy bank gets full, and my parents/family will send her a few bucks every once in awhile and that gets deposited in there too.  I don’t think kids need a ton of toys, so we’re very appreciative when she gets money instead of toys!

Take a nice family vacation/anniversary trip.  Our 10 year wedding anniversary is this year, and I’d love to be able to do something to celebrate.  My ideal vacation would be to go back to the city in Colorado that we met and fell in love with but we’ll have to see what we can afford when the time comes.  I should start saving for that now 😉

Get outdoors more.  It’s hard to get out with the weather where we live sometimes, but I need to stop making excuses and just do it! As a bonus, we’ll all be healthier and can spend some quality time together.

Get really good at meal planning/cooking.  I do feel like I’ve really improved over the years, but this is a huge source of stress in my life and I’d like to simplify it as much as I can. I need to come up with a good system and stick with it.  It’s a vicious cycle when I don’t meal plan because then I’m stressed out every day about what we are going to eat!

It seems as though over the years I’ve gotten more simple with our goals.  I don’t know if there’s ever been a year where we’ve accomplished everything on our list that we wanted to, and that’s okay.  Sometimes I feel like I put way too much pressure on us and then get let down and that’s not good!

What are your 2015 goals?

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2014 Goals

Each year I try to set financial and life goals for our family. Here are the past years’ goals: 2009, 2010, 2011, 2012. Apparently last year I decided not to set goals, and that’s okay!  I do have some things I’d like to get accomplished this year, and I think writing them here will help keep me accountable and on track.

-I’d like to get $5,000 paid down on the principal of our mortgage. I don’t think this is a huge stretch, and I’d love to see our mortgage balance shrink that much. Of course, I’d like to see it shrink to zero, but it’s going to be a long time before that can actually happen!

-Replace the back roof.  Right now, we have rolled roofing on the back part of our house.  The slope is not enough, so we’ve got a leak in the door frame to our basement.  I think we’re going to go with a metal roof and hopefully will be able to do this ourselves with the help of friends and neighbors.  That would be an amazing blessing to not have to pay a roofer to replace our roof.  Here’s hoping!

-Replace 3 front windows. These windows have been needed to be replaced for a few years.  They are old and drafty.  In fact, when I was wondering “how do much replacement windows cost?”  I should have sucked it up and replaced them then.  One of our neighbors offered to help us replace these, so hopefully we’ll be just out the cost of the windows themselves.

-I need to set up a Christmas savings account so that I’m not stressing about money in December again next year. Also, I need to be better prepared with making gifts and start that in September or October if I go that route! I stress too much and don’t enjoy the season if I don’t have my stuff all together.

-I’d like to get pregnant in 2014! I’m hoping this is a fairly easy process this time.

-Save more money in general and be more aware of where our money goes. I have started a spreadsheet to track where all of our money goes. I’ve been trying to stick to our budget since Mr. Money’s pay cut and I do a good job of writing the budget but then not tracking to see how on track we are. For instance, I’ve got $400 a month allotted for groceries but sometimes I blow this out of the water and don’t even realize it.  I think if I track how much money we’re spending I’ll do a better job of being more conscious of how much we have left to spend.

This year it seems like we’re going to have a lot of expenses, so it’s important I am very careful with our money.  I hate the thought of spending so much money but it’s a necessary evil sometimes.  The truth is, we probably should have had the roof and windows replaced years ago so that’s that.

What are your 2014 goals?

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My Husband Lost his Job

So, this is a post I never thought I would be writing.  After seven years of working for the same company, Mr. Money lost his job.  I think we’re both still in shock and will try to figure out what is the best plan for our family.  I am so thankful that we have always been able to live on not a lot of money, so it’s not like we’re going to feel a huge lifestyle downgrade.

I hope he is able to find a job quickly and that it is even better than the last one he had.  Benefits would be amazing!  Right now we have to pay for our really crappy health insurance ourselves and it’s expensive and doesn’t cover a lot.  Better health insurance and a 401k plan would be amazing.  While we’re at it, I’ll take good hours too. 😉

I’m trying to come up with some ideas to make money from home for myself.  I could start babysitting now that Mr. Money is home to help but after he goes back to work it may be difficult.  I am sure I will come up with something that will help.  For right now, we’re trimming our budget down to the necessities and seeing how we can save money each month.  We had to stop our retirement contributions temporarily too.

I’m trying to stay positive.  It’s scary when you are a one income family with a baby and your one source of income is eliminated.  🙁  We’ve gotten through everything before, so I’m confident that we will come ahead out of this and things will all work out just fine.

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