Aug 26, 2020
Has 2020 thrown you off your FI course? Today we’re going to tackle how you can get back on and knock out a goal before the year is over!
Knocking Out a Money Goal Before the Year Wraps Up
I’m going to take a guess and say that 2020 has not gone the way you thought it would back at the beginning of the year.
Looking at the first half of the season, you probably remember that we started off the year with some big purchases when we had to replace my husband’s car into we did a kitchen update.
Now, both of these purchases were planned. For instance, we saved up for it. We didn’t incur any debt. But just a couple weeks after we finished the major parts of the kitchen, things were shutting down.
Because there were so many things up in the air and a lot of uncertainty, we’ve made adjustments, definitely got more conservative when it came to any more spending.
We also got a little more cautious with our other goals for the year and put a pause on them until we had a better idea of what’s going on.
From what I’m seeing and hearing from you, you’re kind of in the same boat.
You had a goal that you were looking forward to knocking out this year. But when the pandemic hit, you kind of put pause and you might feel like you’ve just lost your footing a bit and you’re trying to get things back in order.
But with August being almost done, is it too late? Well, the good news is there are 18 weeks left in the year.
So if you want to make the most out of this time, then I think you’ll enjoy today’s show.
In this episode, we’ll get into:
- How to get back on n the horse and restart paying down your debts or saving for a specific goal
- Rethinking your investing strategy
- Incorporating more giving into your regular financial routine
Let’s get started!
Handy Tools to Reset and Get Back on Your FI Journey
If you’re looking to get ahead with your finances as a family and look at pursuing financial independence, here are some resources to check out:
- Best Budget and Money Apps: Personal Capital, Tiller, Mint
- Grab Your Copy: Jumpstart Your Marriage and Your Money
- Join Our Thriving Families Community on Facebook
- Free 401(k) Analysis: Blooom
- It’s A Good Time To Save More. Here’s How
Thank You to Our Sponsor Coastal!
Support for this podcast comes from Coastal Credit Union!
If you live in the Triangle area of North Carolina and you’d like someone to work with you on your goals, you really want to check out Coastal’s Wealth Management team.
They’d love to help you start investing for retirement and more!
Support the Podcast!
Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.
- Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
- Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
- Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit
Music in this episode was provided by artists from Audiio.