Sooooo January is over. I know we all started the year with the goals we wanted to accomplish in 2020. We are one month into the year and we’re checking in to see how it’s going with you and your goals?
For us – we were able to save 50% of our income and get more serious about investing in Index Funds. We have a plan to invest in Mr. HutchLife’s 401k, we will both have Roth IRAs, Index Funds, HSAs, and save up for a home. We know we want to be able to retire in less than 20 years so we need to accelerate our savings and we have a plan in place to do that as well.
Always remember, your journey is yours. Do not compare where you are to someone else. Be happy for others, put your head down, and work your plan. January is over but there are 11 months left in the year. Don’t let them fly by with no progress towards your goals. If you haven’t already, write down your goals, write down your dreams. Make a plan, put it in action. Have accountability partners. Get going. The only one stopping you is you. As Mr. HutchLife and I say it’s not a matter of can we have it/afford it, it’s how is this purchase helping us reach our goals?
Do you have a budget? Have you been sticking to your budget? We set a budget and are sticking to it. We didn’t really stick to a budget last year so we’re “starting over” this year and tracking all of our spending to truly help us figure out what our annual expenses are for a clearer picture on what our FI number should be. We have one in mind, but is it what we really need? We’ll know by the end of the year. Especially now that we will have 2 children.
As it says on thehutchlife.com we will be sharing as we figure things out and as we learn. We look forward to hearing how you all are doing on your journeys to debt freedom, financial independence, or even enjoying Financial Independence now.
