Welcome to October! I hope that you are staying safe during the ongoing COVID-19 pandemic. 

Our way of life has changed in many ways, but one constant remains. I’m still dedicated to my financial independence journey. Maybe more now, than ever. With that in mind, I create money goals every single month to make sure that I make forward progress.

Recommend Post: My Financial Independence Plan

Recap of September 2020 Goals

Before I dive into my October goals, let’s take a peek at how I did in September. My goals for August were as follows:

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Save $833 towards project $100K

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Transfer $30 into the Stash Investing app weekly

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Invest $1,000 into index funds

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Stick to my $700 monthly grocery budget

September went fairly well. It was a busy month with the kids returning to virtual school, but budget-wise things were low-key. We had an unplanned emergency room visit with my son. He’s totally fine, thank goodness!  But we did I received a bill for a little over $300.  I also purchased some blinds for our master bedroom. The previous ones are falling apart and are in dire need of being replaced. 

If you’ve been budgeting for a while then you know that tracking expenses can be the most difficult part. To make things easy, I use Personal Capital to track my expenses each month. 

 

On the investing front, my Stash account continues to grow. The market is still somewhat volatile because of the ongoing COVID-19 pandemic. But we’ve come a long way from the lows during the crash in March. November and December may also be a bit rocky because of the upcoming presidential election. But I’m sticking to this mindset… every day is a good day to invest! 

Stash Acount

Goals for September 2020

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Save $833 towards project $100K

Earlier this year I set a HUGE goal of saving $100,000 in cash. This month I plan to transfer a minimum of $833 to a savings account designated for this cash cushion. 
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Transfer $30 into the Stash Investing app weekly

As of now, I’m planning to buy more Apple stock with the Stash Investing app.  If you’ve been wanting to invest but aren’t sure how to start, check out the FREE 4-Day Investing for Beginners Challenge

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Invest $1,000 into index funds

I’m a big fan of index funds because they’re super easy, have low fees, and are tax-efficient. I first started investing in index funds about 3 years ago. Currently, my overall portfolio is very stock heavy, but as I head into my 40s I’ll be purchasing more bonds. I use Vanguard for purchasing index funds. 
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Stick to my $700 monthly grocery budget

I consider this an evergreen goal. My family consists of two adults (my husband and I) plus our 3 kids. The grocery budget is a continuous struggle, but especially so while self-quarantining during COVID-19 when we’re eating nearly every meal plus snacks in the house. 
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Start saving for next year's travel

My husband Eric and I love to travel. COVID has dampened our plans but we are committed to continuing to save for the moment that we can travel safely again as a family. We’d love to go to Alaska next year or possibly do a two-week RV trip to see some of the national parks throughout the US. For now, Eric and I are each putting $200 into the travel fund each month. 

Now it’s your turn! Did you accomplish your money goals last month? What are your money goals for this month? Do you struggle with staying motivated?

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Managing money, while balancing work, kids, and multiple responsibilities can be stressful, overwhelming, and frustrating. But the good news is, you’re not in this alone. Together, let’s embrace the beauty of financial freedom so that we can work less, and live more!

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