I received our new Health Insurance Premium statement today and for the first time in 3 years our premium went down by $82 dollars! On the year that is just under $1000. If I were to invest that $1000 into a low yield investment account at 5.2% return for 35 years. My $1000 would be just under $6000 dollars. Yes, $82 a month does not seem like a lot, but when recognized over a large duration of time, $6000 to me is worth celebrating. If I choose not to invest the $82, this increased cash flow for our monthly budget now allows for Payton and Elliot to do a few more outings to the local Community Center, or enroll in a soccer camp. I like to celebrate anytime I am able to see a savings in our budget and receive the for the same quality of service.
Not only do I review our Health Insurance Premiums, but once a year I will go through our reoccurring subscriptions and determine if they are still necessary for our family. This year here are a few that I reviewed and how I determined if they were worth keeping or canceling.
At the conclusion of my bill pay and subscription audit I was able to save us just under $200 dollars in cash flow per month. I have not determined yet where I will allocate this extra cash, but I am excited to see the new opportunities we will have going into 2019.
Can you believe we are under two weeks until the new year? I can remember sitting down with Spencer creating a check list of all the goals we had for 2018. Now I am looking at the check list and am astonished at how fast the year has gone. I can confirm the older I get the faster the years go by, anyone know how to slow down time? As I look back on the year I am reminded of how much I enjoy setting annual goals. It helps me to organize my WHY. A few of our 2018 goals were:
The second goal that had the greatest impact on our family was my job transition. When I set my goal to become a Licensed Loan Originator it was because I knew I could leverage my knowledge to benefit everyday consumers with one of the largest decisions in their lives. Our kids caught my WHY. They were the sweetest, they would ask while I was studying, "Mommy, when will you give money to people for their houses?" They understood all the hard work and adjustments we were going through had a purpose. Although, I know they do not fully understand what I do, I know they know my love for what I do. My WHY has always been to bridge the gap between financial fear and financial knowledge. Yes, there is a lot to know about finances, but that does not mean that fear has to be part of the learning.
For 2019, I have a goal to help 24 everyday consumers understand their financial situation from a holistic approach and to see one of their goals become a reality. I believe that finances are part of our everyday life and our everyday decisions are shaped by how we view and handle our finances. If you are setting a goal in 2019 to purchase a home, refinance an existing property or increase your investment portfolio. I would love the chance to journey with you through the process.
Who is with me, financially waiting is hard? It is unlike any other waiting. We wait for our pizza to cook, or our airplane to depart, but waiting to spend money is different.
Why? Because society has allowed us to access Debt. If we don’t want to, we don’t have to wait.
I am not here to tell you to run from Debt, but rather for you to pause and ask yourself these 4 questions before you swipe, slide or click for your next purchase:
AM I BEING PATIENT:
IS THIS AN EMOTIONAL DECISION:
AM I JUSTIFYING:
WILL I BE PROUD TOMORROW: