Day 1

1.  Why are we participating in this challenge?

We are participating to jump start the new year.  With some new financial situations brewing this month (The Student’s school loans and a hopefully good house refi), it won’t hurt to rethink and re-imagine our finances.

2.  What do you hope to achieve?

Short-term Goals:  We hope to achieve a greater consciousness about how we spend money.  We spend most of our money on bills and mortgages.  If we can curb little things, and bring our food costs and Amazon purchases under control, we will be richer and have less debt in an amazingly shorter amount of time.

3.  What are your longterm life goals?

My longterm goals are to retire in another 2 years.  We hope to have no debts left in 5 years except the mortgage.  We also hope to leverage every tax advantage possible, and for that we need to continue to learn about how not to pay taxes!

4.  Where do you want to be in 10 years?

As I said, I would like to be retired, and still alive enjoying it.  DH would probably like to be debt-free and possibly retired, but we haven’t talked about that one too much.  One thing at a time.

5.  What about your current lifestyle might prevent those goals from coming true and what can you do about it?

Our current lifestyle has one big problem:  Amazon.  Oh, how we love Amazon!  And so does our credit card company.  So for now, Amazon spending will only be for necessities.