One day before my 26th birthday, Evan approached me with a chance to be a cowriter on this blog. Could I share the progress I make on my personal and financial goals, and give insight on my strategies for achieving these goals? I was immediately ecstatic at the thought of having a place that holds me accountable for staying on track. The possibility of being an inspiration to others, like so many personal finance bloggers have been to me, was a huge reason I wanted to accept his offer.
Once the elation subsided I became horrified of what I had just signed up for. What could I possibly have to say that people cared about? Would his readers become invested in my progress and posts like they are with his? Am I really a good enough writer to do this? Those and a dozen other negative questions bombarded my brain until I made the decision to ignore them and just introduce myself to you, stop being just another commenter in the blogging world, and write what I know.
I’m Em, a 26 year old wife, stay at home mom of 2 (3rd on the way), small business owner, and an avid saver. I categorize myself as a saver rather than an earner because my family prioritizes happiness over income and the things that make us happy aren’t earning us a lot of money. Therefore, in order to achieve our short term goals and pave the way for financial freedom, I had to learn to become organized and save aggressively.
Two years ago, I got serious about securing our financial future and implemented a system in which I set up a list of goals at the beginning of the year and evaluate it weekly to keep myself on track all year long. 2012 has been my most aggressive year in terms of goal creation because I am finally confident with my ability to be successful at completing multiple huge goals.
2012 Financial Goals:
- Pay additional $2000 to mortgage
Max out emergency fund at $12,000 (add $6000 to it)(Achieved in March 2012)
- Research investment strategies
- Refinance mortgage
- Stay within monthly budget
- Increase annual income 10%
- Purchase life insurance policy for myself and husband
2012 Personal goals:
Write Will(Achieved Feb 2012)
- Remodel bedroom
- New windows
- Read 1 book per month
Potty train Simon(Achieved March 2012)
- Teach Rosalyn the alphabet
Lose 30 lbs(No longer goal because I am pregnant)
- Replace cabinet doors in kitchen
- Switch to free range eggs
Purchase CSA(Achieved May 2012) Remodel 1 bathroom(Achieved June 2012) Switch to 100% grass fed, hormone and antibiotic free beef(Achieved April 2012)
What to expect from my posts:
I will be making weekly updates on my progress, which will generally involve me focusing on 3 of my goals and what I did that week to get me closer to achieving said goals. I hope you enjoy reading about my progress and I hope you are able to gain some useful tips and ideas that help you on your path to financial freedom.
Readers: What are some of the goals you have set for yourself this year and have you been successful at achieving some?