2018 Goals

This year I am going to cut my credit card debt from over 5k to 0. Which will mostly be done with my tax refund.  I do this on a yearly basis, but it keeps getting worse and worse every year.  I started out having 1K in credit card debt in a year.  Then it grew to 2K,3K,4K,5K.  Now it has to stop!! This will be the last year I use my tax return to pay down a credit card balance.  My main goal for this year isn’t to save an extra 10K,100K, or 1 million dollars.  It’s going to be saving up for a emergency fund(1k), new windows, and last but not least staying out of credit card debt.  This may sound like no goal at all to some of you, but for me it’ll be HUGE.  My Family of 3 only brings home around $2500 a month after taxes, insurance,and 401K contributions.  My wife works 4 days out of the month, and I work 5 days a week.  So we are not bringing in a crazy amount of money and have we have a house payment, two car payments, car insurance, etc .  We Usually get over 5K back on our tax return and from 2019 on I am going to use that to pay down debts.  In 2019 one of our car payments should be below 5k and  paying off one car would free up an extra 281 dollars a month to save/invest/spend and that would be HUGE for us. My goals may seem like nothing to some of you, but I’m just happy to be start on my journey to a better and more secure life.  If any of you think you’ve got some good advice for us please let me know down below.


And Don’t Forget Never Keep Up With The Joneses They’re in more debt than you.

One thought on “2018 Goals

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  1. Excellent! It is a great goal to pay off your debts and to stay out of debt. My husband and I used Dave Ramsey’s Financial Peace University program (we simply read the book) to pay off over $50,000 of debt in 10 months. No, we did not and do not have a six figure income. My blog is very much inspired by our journey out of debt and the lessons in personal finance I have learned along the way so feel free to check it out for some ideas.

    I think your goals are great but it is difficult to get much accomplished if you try to do too much at once. Pick one goal, tackle it then move on to another, and so on. First we put together and used a zero-based budget, and still do! Ramsey says to put together a $1000 starter emergency fund first. Next, stop contributing to retirement and do what he calls a “debt snowball”…just google it. After you are out of debt the real fun begins! Good luck to you and feel free to reach out if you want some ideas or encouragement.

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