We are now re-evaluating our financial goals and what we want to accomplish by when. This is a new journey we are heading on with 2 kids and we are excited to see how we can save even more and reach our goals in the same time frame. We are also talking about how to be financially responsible as well and not fall into spending just because LittleBit HL is coming. It’s easy for us to say let’s get a new car, but at this point in time we don’t need a new one. We plan on purchasing one next winter. We don’t need a ton of baby clothes either. Thanks to the gender neutral clothes we got for Baby HL we are covered up to 6 months. We will use the same car seat for LittleBit HL as Baby HL outgrew it and we had to buy her a new car seat.
Right now we are working out how to save 50% of our income even with LittleBit coming in June. If all goes according to planning and prayer we will be moving again in May. This move will help accelerate our financial goals because the apartment we will move to will be cheaper, even closer to work for Mr. HutchLife, who will be 10 min walking distance to work and everything we would need is in walking distance for me and the babies. We could walk to the park, library, baby gym, grocery store, museum, aquarium, nature center and more. This would help us save even more money. There’s also a farmer’s market near by which would help us to save money on produce which can get very expensive. Not having to use our car, getting in daily exercise from walking and being able to save money will allow us to save the 50%+. That’s the thought process and hope for now, but we will continue to watch and see how things turn out.
We are currently reading The Simple Path to Wealth by JL Collins at it is as the title states simple. If you haven’t had the opportunity to read it I recommend it as it breaks down investing in a way that most people don’t. He also has a website www.jlcollinsnh.com that he started to share with his daughter how to save money and build wealth.I want to be more intentional about investing in myself and personal growth. Reading books forces me to leave the TV and my phone alone and just be still. It’s much easier for me to get distracted by either if I choose to listen to a podcast. I’ll be re-reading The Richest Man in Babylon and Boundaries with Kids, starting Stillness is the Key and finishing The Lost Art of Listening.
As we enter the last year of the decade I’m looking forward to closing it out stronger than we started it and building a strong financial foundation. What about you?
