But all that aside, 2020 is a new year and we have new goals and plans and ways for achieving both.
We met two out of three of 2019's goals. The real estate business will be self-sufficient starting in March (we are closing on the Tacoma land at the end of the month which will provide monthly income that will cover all Magpie's expenses at this point...it's running really lean). We also purged every room in the house. There were two spots need more organizing, but we squeaked that goal in over the holiday break. Although it doesn't feel like we purged much of anything. I still think we have too much stuff (and yarn...it's leaked out of the bedroom and into another room).
We didn't meet our debt payoff goal. We were going to pay $25k extra to the debt, and we managed $20.5k. We lost momentum mid-year and never recovered. It's nothing to sneeze at, but it wasn't the goal.
For 2020, we're aspiring more. The husband has goals related to his new business (photography...he takes amazing pictures). And we have new family goals.
1) Pay off $30k extra in debt. We're going to keep track and meet quarterly goals, instead of the whole year, to better track. We're not taking any big trips this year, and with my income, we should be able to achieve this easily, but we thought that last year too.
2) TBD grosses $40k (that's the photography biz)
3) We finish the yard - this will divert some money, but not a ton, from the debt payoff, but should still be obtainable.
4) Be done with selling Lego. I want it out of the house and our investment back. That has always gone to boosting the vacation fund.
We also changed up YNAB a bit, made the parent categories more descriptive. It's bigger, but better organized. We just started that, so we'll see how it goes.
Now for the monthly update. We didn't put anything extra yet for January. We essentially need $2500 each month to meet the goal, and we have that sitting and waiting. The plan is to have big Feb payment and then settle into the monthly routine. So here's the Jan report.
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| January 2020 |
The Malibu will be magically paid off on schedule at the end of this year. That'll be nice. Venture gets moved back to the 401k in March, and I think for simplicity we'll just keep it there rather than balance transfer again, but that might change.
We're also doing smarter savings things, like automatically building up the long-term savings, putting money away each month for the girls, and maxing out T's 401k. We'll see how that impacts things for the year.
Cheers!
