Oye, I’m back! And with renewed energy and new goals.
So 2017 ended with a bang. Quite a big one too, and not exactly in the best kind of bangs. I don’t think I have ever had a year quite like 2017. We started it on such a high and ended it with such a low. But I definitely learnt a lot in 2017, and it is the lessons that we learn that are most important along side the memories and experiences that we make and have.
- I can save. For years, I thought that I couldn’t save. I knew I used to be able to, but for some reason in the last 6-7 years, have been unable to get beyond living paycheque to paycheque. It took me that long to realise that wasn’t the way of living that I wanted for myself and I set out to change that. Now I look back and feel proud of my progress. This was the best lesson of 2017!
- Investing is the way forward. Saving is great, but investing is better. I always thought of myself as more of a property investor as the sharemarket scared me but now I realised it was just fear of the unknown. The unknown is not so unknown now and I’d like to delve more into this!
- I have inner strength. It may or may not always be there for me to draw upon but eventually, it will pop up and I will feel grounded again.
2018’s goal overview
I know I have previously posted about my goals for the financial year. And they still stand. In fact, this serves as a fantastic mid year health check on those goals. But as life goes on, the goal posts always change, so it’s time to check in and update on these goals.
- I will continue to invest, but I am now investing in the future of our baby. As mentioned before, every cycle of IVF (fresh eggs) would cost us just under $12k with the current clinic. (Frozen cycles cost less.) The truth of the matter is that Mr BKLA is still without an income which makes things trickier. I will also continue to invest in Acorns but will stop investing in other avenues for now. On one income, sacrifices need to be made.
- I will continue to cut spendings and increase savings. I’ve actually done remarkably well on this front over the last 6 months, I impressed myself. Tracking definitely helped! Our bathroom renos are also done, so all funds can be directed to where it truly matters.
- As for reading – that has definitely slowed down a tad, but that’s okay. I plan to pick it up again! I have kept reading – just not finance books!
- Take care of mental health. 2018 is going to be a tough year. We went into this year with eyes wide open knowing that this was going to be a tough but possibly interesting year. We are well aware of the success rates of IVF and have buckled ourselves in for a long haul. So mental health is vital.
- Last year we introduced one no-buy week into our monthly groceries. This year, I want us to try to do two no-buy weeks within a month.
- We will not neglect doing fun things. I will definitely be reporting back on how we keep our relationship healthy and continue to do fun stuff without breaking the bank!
That’s it for now. I am back, and hopefully you are still reading!