Tuesday, May 8, 2018

Mission to Financial Freedom: May Goals

Mission to Financial Freedom: May Goals

We have been on a mission to financial freedom since 2015 when we completed Dave Ramsey's Financial Peace University, but my updates have been few and far between.  Oops.  In late 2015, we moved to the South after I graduated with my PhD.  This meant a significant increase in income compared to our pre-move poor grad student stipends.  I'll be honest, we have gotten lazy.  It's not that we haven't had a budget, exactly, but we basically haven't created, used, or stuck to a budget.

That's embarrassing, ya'll.

Well, it's time to change all of that.  We have some big changes coming this year with our family and careers, and we need to get back on track.  Pronto.  Stay tuned.

The quick update since my last post on this topic is that we have been able to pay off additional student loans, bought a house, and increased started our retirement contributions with a match from my company!

May 2018 Financial Goals
  1. Add at least $500 to our emergency fund.
  2. Pay at least $500 extra toward student loans. 
  3. Update our budget.
  4. Stick to or be under budget for the month.
  5. Start couponing again for diapers and other essentials.  Garage sale more?
  6. Work on starting or improving a revenue stream.  Side hustle, woohoo!

You can read more about our Mission to Financial Freedom HERE.

What are your financial goals for the month of May?

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