My financial goals for 2021 is the continuation of my goals of 2020!
Five years ago, a become revolving debt-free. And that was the turning point of my life.
I keep full insurance, I am maxed out in my available retirement account, and maintain investment in stocks. I have an income property home and have a home mortgage. And oh, I don't have any car payments.
I have kept a minimal $1000 amount in the bank which I have not added or subtracted for years now. I withdraw all monies after all payments are made. I make all purchase in cash, or I use a credit card (with mileage rewards and cashback) and pay off all charges on the card every month.
I didn't dip into the emergency fund this year. I will add to my emergency fund bringing the total to an even higher amount. Do I have my emergency fund in the bank? Are you kidding me!
I have to fine-tune my expenses primarily eliminating expensive habits.
They say that the 4 biggest expensive habits are smoking, alcohol, guns, and gambling. I don't smoke, or gamble, but I have to examine how much I spend on alcohol and guns.
I count 29 bottles of wine and more unopened Christmas presents. I will stop buying wine unless I need to, unlike before when I would buy even if there is no need to.
This year, I shall not buy any guns either. I do have to make it to the shooting range at least twice this year.
I will save on utilities. I have been lax on myself. The TV is on even when I am not watching and the lights are forever on downstairs and upstairs!
I have not been "shopping" for the past three years and buying only work clothes, shoes, and bags. I eat out only when necessary. I make my lunches for work, I cook, and baked my own bread. This year my savings was high because of the pandemic. I have fewer expenditures for meals taken away from home. My gasoline expense was drastically low. I also did not travel this year. Did I increase my investments? No, I didn't. I kept my money in savings.
This year I am saving for the next milestone. What milestone is that? The next retirement milestone? I am on track. The answer is: No.
I continue to save to have peace of mind should the pandemic not let up, or any type of circumstance.
I am lucky in the sense that I chanced upon stacking videos early on. It gave me a jump start to saving. I save cash in the same amount as I purchase in precious metals.
Consider giving a delegation!