************Happy New Year!!************
Sorry it has been a while since I last posted! I hope everyone had a great holiday season!
But, I am back and I wanted to do a 2017 financial goals review! I will be posting my 2018 financial goals as well very soon!
I originally posted about my financial goals for this year back in April that you can read here.
Max out my Roth IRA: COMPLETED! I maxed out my 2017 IRA in December. And, I am starting on maxing out 2018 this week! (FYI: You have until April 15, 2018 to contribute/max out your 2017 IRA- So get saving.)
Increase my 401k contributions: COMPLETED and BEAT IT! I have increased my contributions to 12% (not including employer match). My goal for 2017 was to increase it to 10%. Which means, I am now saving over DOUBLE was I was in January of 2017!
Increase my contributions to investment accounts: COMPLETED! I set-up automatic payments every other week (to transfer money into my IRA and taxable accounts. In truth, this is the easiest way to build wealth in my opinion: Pay yourself first! Set-up automatic, reoccurring transfers and deposits into savings and investments. Find the extra money and then transfer it before you get a chance to spend it.
Increase my savings rate to 50%: COMPLETED! I think I need to increase this goal to 60% for 2018, since I am averaging 50% savings most months. You can read more about how I save extra money each month and achieve this lofty goal here.
Continue to “detach” myself from “stuff”: COMPLETED! Surprisingly, I have made several trips to Goodwill this year. Just when I think I have pared down a lot as it is, I find more stuff lying around my house that I don’t need and it gets bagged or boxed up and dropped off at Goodwill for donation. Finding and exploring my inner minimalist has helped me find happiness and save money. This year, my family decided to spend less time shopping and buying Christmas gifts and emphasize spending time together and making memories. We collectively decided we didn’t want or need “more stuff”. A few days before Christmas, we went out and had a nice dinner and then went and enjoyed some Christmas lights the Botanical Gardens.
Create a second income stream/side hustle: COMPLETED (but not the way I had envisioned) With my blog, I have earned a whopping $36.68 in advertising and affiliate links this year. I am still working on increasing traffic. However, my small Etsy business did see a major jump in traffic and sales towards the end of 2017. I saw a 126% increase in traffic and a 424% increase in sales!
Thank you to all who have encouraged me to start this blog and continue to follow it! It means the world to me and I really appreciate it!
Now, let’s start 2018 with more money in our pocket, less debt and less stress!
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