After a nearly four month hiatus from blogging, I think it’s a good idea to review my 2020 goals. It was no good not keeping up with A Dime at a Time. I know I’ve lost a lot of my focus, and it’s got these goals a little “out of sight, out of mind.” So about these goals. Here’s what I started with and where we are now:
- Get rid of PMI. $ 125 for the BPO. Reach by March 1st. Completed in February.
- Complete renovation / expansion plans for the house. Zero OOP. Reach by April 30th. Delayed due to COVID, but we are making progress.
- Use the rest of the certificate – a wild estimate of an additional $ 2,500. Reach by September 30th. No change.
- Repair our truck and get new tires. Reach by May 31st. Wild estimate of $ 2,000 No change other than an additional $ 300 repair. We discussed selling the truck but are now choosing to keep it.
- Repair our zero-turn mower. Reach by June 30th. Another wild estimate of $ 1,000. Not yet. Hubs uses it as is, but checks the oil level every time it is used. I use our push mower, which takes longer, but I like the exercise.
- Save $ 12,000. Reach by the end of the year. Make some decent strides. However, we will exceed this once I receive my inheritance. More on that later.
- Increase 401K to 12%. Achieve by the end of the year. We are in addition, contribute 23%. We also get a 3% company match. At some point we will reduce this and / or consider other investment options.
I had a couple of additional (unofficial) goals.
- One that I totally flopped on is M-Turks and Motivational Mondays. It is very unlikely that US dollars will be made in 2020 by 2020. On the positive side, I took care of the child in additional hours.
- The reduction in our electricity bill was consistent.
- Reduce mortgage capital by $ 40,000. Making progress. We’re at around $ 16,000. I was able to get the exact number, but currently not with my morning brain fog.
- Keep track of all of our numbers and expenses. As it was in 2020, this did not happen. I’ve been tracking our totals every month, but I haven’t been able to record where every penny went.
After revising my 2020 goals, I think we’re fine given the year. There are times in life when you have to choose your battles and 2020 is sure to be one of them!