StacyStrong
DIS Veteran
- Joined
- May 8, 2018
I am still putting some thought into my goals, but here is what I have so far:
What I'm really still debating is my 401k. I currently have it set to increase by 1% in April. I might cancel that. I am already over my employer match and I still have a lot of student loans and other goals/things I need to save toward. I might try to tackle those things first. I'm undecided. I'm also undecided on if I want to up my student loan payments. I'm on an income based repayment plan that should go up quite a bit in 2020 (because of a promotion), but I still will pay more than what I estimate those payments will increase to. I could up my payments, but it will delay other life goals. Decisions.
- Reduce restaurant spending - This is a BIG goal for me this year. I spend a LOT dining out. I just enjoy it. I will never go to once a month like I know some people do because it's a big social thing for me, but I do need to cut back. I'm starting small. I want to cut $100 a month from my average spend AND buy coffee out only once a week (that's a big deal for me). From there, I'll try to cut more.
- Increase emergency fund by $3000 - 2019's goal was to increase by $2000. I JUST barely hit it. Now that credit cards are all paid off, this theoretically should not be a problem. I'll reassess and see where I am at a couple months in. Maybe I'll increase this amount.
- $100 per month toward a Christmas fund - Same as last year.
- $110 a month + credit card rewards toward Vacation fund - Same as last year
On the personal front:
- Lose weight - 40lbs would be nice. Always a goal, never a success.
- Run 650 miles
- Join the library and stop buying books! Reading is great, folks, but I spend way too much on books that I can get digitally through the library!
Things have changed slightly. I am no longer putting $110 a month toward vacation. It’ll now be $70 a month + rewards.
I’ll be putting $33 a month in savings to go toward annual ARDC fees (law license) and $40 a month into a car repair fund. My car is in tip top shape, but it’s now 6 years old. My s/o owns a repair shop so all my work is done largely labor free, but I still want to have the funds available in the event something is needed (outside standard yearly maintenance).
It’s early in the month, but my budget is looking good so far.