Our 2017 financial goals
Here our 2017 financial goals! I hope it’s not too late to share these 🙂
Sure, it’s a few weeks past New Years Day, but cut me some slack! We’ve been super busy over here because – surprise – we’re moving!
We’re just moving across the Bay so we can be much closer to work. Our commute times will be so much shorter and hopefully that means more time to spend with each other and on our passion projects *cough* this blog *cough*.
Anywho, enough about that. Here are our 2017 financial goals!
1. Move closer to work
Well, technically – we’ve already accomplished this! In fact, on the day that this post goes live, we will be moving all of our stuff in a U-haul van with some friends.
It did take some moving around of our money to pull off. But after almost a year of living more than an hour away from work, we decided it was worth it to move closer to work. Rent ain’t cheap – but we are at peace knowing that we’re paying for the convenience of living close to work. We’ll have a lot more time on our hands, and I think that alone is worth the money we will spend.
2. Replenish our starter emergency fund
We had to dip into our emergency fund recently to cover some family things. I feel so vulnerable not necessarily having anything right now in our emergency fund. But hopefully this will get done in the next paycheck or so. We just want to get our emergency fund back to $1,000.
3. Decrease our debt by 20%
We are in a ton of debt. Seriously. It’s not good. More on those numbers in a future post.
We know it’s not possible to pay it all off in one year. Especially since we’re paying to move much closer to work. But we do want to keep debt repayment a high priority for us. So as soon as our first two financial goals are taken care of, all of our extra money will be thrown at our debt. I assigned 20% as our 2017 goal. Hopefully it’ll be more than that, though!
4. Save for travel
This year is full of travel plans! Next month, we’re going to Rome to celebrate our anniversary. In July, we have 4 weddings to attend (maybe 5). We’re going to Hawaii in November for another wedding. These travel plans are so exciting! But if we don’t plan ahead, these travel plans can really reverse all the progress on the other three financial goals we have.
So, we are going to be putting money aside each money just for travel. I know that this money would probably do better if we targeted it all to debt, but I want to make sure that we spend only cash for all of these trips. What good is debt repayment if we have to finance our trips?
So there you have it – our 2017 financial goals. I’m keeping it simple this year. Four financial goals is totally doable. The less we have to focus on, the more damage we can do to each of our financial goals.
What are your financial goals this year?