Friday, February 28, 2014

2014 outlook

Since I spent all of January struggling to overcome hardships and most of February preparing for the awesome transition we are about to make, it's high time I got around to thinking about what I want the REST of 2014 to hold for our finances! 

I'm having trouble remembering how much I've written about S and my plan for him to be a stay at home dad and get back into his pottery studio.  We've been kicking around the idea/ hope that we can live mostly off of my salary which would allow him to get back to doing what he loves- making/ selling/ teaching pottery.  We've been trying to figure out how to make this happen since before the babies were born but never could come up with a feasible plan that met all our financial goals and obligations if we stayed in the Boston area.  

But with this move to Kentucky, we might actually be able to make it work!  We've gotten the math to work on paper but we will have to stick to a very skimpy budget until he starts pulling in some money from his art work/ teaching classes.  So Goal Number 1 for the remainder of 2014 is to stick with the slimmest budget we've ever had to give S the opportunity to reestablish his pottery studio and be able to stay at home with our boys!  (This is a major topic so I'll write more about it later)

Goal Number 2 is to get our emergency fund back up to $1000 by the end of the year.  As for our debt, Goal Number 3 is to pay off the remainder of the medical bills ($550), pay off as much remaining credit card debt as possible and to chip away at the rest of the debt with the regular monthly payments for a total debt reduction of $7000.

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