So as of November, it’ll be just another 6 months until I’ll officially be 30 years old. It’s really hard to wrap my head around that. If I’m not officially an adult now, I don’t know when I’ll feel like it. 🙂 I have a lot of adult responsibilities (aka bills, a mortgage, a job, a pet, etc) and it’s about time I get my finances in order. Here are a few of financial goals:
I need to sit down and create a real budget. I told myself I would do that this past January and well, that never happened. But hey guess what? It’s almost January again. Haha whoops. But I’ve started doing some research and looking up some different methods and I’m slowly finalizing my budget plan. It would be nice to know how much I’m spending on different categories and where I should cut back.
Create an emergency fund. Life happens unexpectedly and things come up and as a adult you need to be ready for it. If I were to lose my job I’d like to know I will be ok and won’t have to be late on paying my bills and mortgage. I would also like to have a financial cushion so I won’t have to get a job the day after I lost it.
Pay off my student loans. I have lots of student loans debt. I took out loans my entire college career. And paying $200 a month barely pays the interest I’m accumulating. I need to figure out how much I should be paying so I can make a real dent.
Save up for my wedding. I’ve thought about my wedding for a long time now. I know I want to have a smaller wedding, but still we all know they’re not cheap. Ever since I got a big girl job I’ve been putting away 20% of my paycheck towards a wedding fund. But I still need to create a wedding budget and see realistically how long it’ll take me save up.
Set up a retirement fund. I need to figure out a pre tax retirement fund. I would love to be able to retire one day and not work until I’m 75 years old. So I need to do more research and see which type of fund would be best for me. My work currently matches my 401K contributions, but I know I need to do more.
I recently found a website called Personal Capital that has a free retirement planner. I know that retirement is super overwhelming to me, so it’s great to have a tool that lays it all out and explains it to you. And there is also a net worth calculator that keeps you aware of how much you’re worth and what you owe.
I am grateful for website like these that can help me understand finances more clearly.
I would love to hear about your financial goals and how you got to be financially smart. Because it’s something I’m working on and could really use your tips and recommendations!