Welcome back to installment 2 of April’s 20 for 2020 update.
In my last post I
reviewed the first 10 goals of our 20 for 2020. Here’s how we are doing on the
last 10…
1.
Open, and use, a Health Savings Account for The
Husband’s braces.
Pass: This
is done! The Husband’s company loads all the money at once, even though it is
only taken from his paycheck each pay period. The braces are paid for in full
(we got a 5% discount for paying all at once) and The Husband loaded a little
extra money to pay for doctor’s appointments throughout the year!
2.
Increase my 403b contributions by $100 sometime
during the year.
No progress here: Still no action
on this goal. Hopefully sometime in the
next 10 months.
3.
Increase The Husband’s 401k contributions by 3%
by the end of the year.
On-track:
The Husband earned a 3% raise this year! Yeah! We have already
designated 2% to his 401k and when his work-aversary comes around in August, another
1% will automatically be added! He is very close to maxing out his 401k
contributions. Next year should do it and then we can start upping my
contributions!
4.
Have one billing period where I don’t charge
ANYTHING (except autopays) on my credit card.
Fail: Charged
way more than I even wanted to last month and already have several charges on
the statement for April. Again, with “sheltering-in-place” we don’t have many
options but to purchase online!
5.
Have a successful “No-Spend” September.
No progress here: It’s not
September…
6.
I want to drink the loose-leaf tea I already
have and not buy anymore until I am only down to 3 flavors.
Fail: With
“shelter-in-place” orders, our local stores are suffering. My favorite local
store does “Facebook live” sales and I bought tea off her live. It was worth it
because I was out of my favorite flavor and I want to have a store to go back
to once this is all over. However, that is the ONLY loose leaf tea I have
bought.
7.
Add all our “subscriptions” to our monthly
budget.
Pass: All
done! Going forward, all our “subscriptions” or monthly recurring charges are
an item line on our monthly budget sheet.
8.
Don’t spend any money, out of pocket, on
supplies for my classroom. (This does not include lessons I might choose to
purchase.)
On-track-ish:
This one is really difficult. I purchased a video converting program, but still
no actual supplies. With the idea of “distance learning” this has been even
more difficult! But, I haven’t bought anything yet!
9.
Keep current (monthly) with what I owe The Kids.
Pass: I tallied up
what they were owed and paid them all out! We broke it down into savings,
spending, and tithing and I am now current with what I owe them!
10.
Check in on my financial goals monthly.
Pass: Same
as last month: so far so good. It’s so easy to be vigilant at the beginning of
the year. The real test will be if we are checking in on our goals next
October!
Overall, I’d give myself a B. I am “passing” on 10 of 20
goals, on track with 4 more, “failing” with only 4 of our goals, and “on hold”
or “not yet started” another 2. I’m feeling pretty good about our start. We
still have a long way to go but are making pretty good progress.
Overall my successes are in mostly the same categories and
so are my failures… Must do better. Must put in more effort!
I can’t stress enough the fact that if we are successful
with these goals, we will definitely be creating a firmer financial foundation!
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