Welcome to September! This month has been a whirlwind as the kids have returned to (virtual) school as the COVID-19 pandemic continues. Schools in our county (I’m in Maryland) will remain physically closed at least until January 2021 because of the ongoing COVID-19 pandemic.  Here on the homefront, we’ve had to make a lot of adjustments in our typical routines. My office also closed its physical doors in mid-March for the same reason. I’ve been working home for the past 6-months, treating my patients via telemedicine. (Besides being a money nerd, I’m also a certified physician assistant practicing in mental health).

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.

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Before I dive into my September goals, let’s take a peek at how I did in August. 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

August was a complete bust for my grocery budget. We also spent a lot more money eating out because we took a couple of mini road trips to explore our home state since we can’t venture too far because of COVID-19. I use Personal Capital to track my expenses each month.

 

Family Road Trip Chesapeake  Beach

Even though the grocery budget was a wash, I did manage to meet my investing and savings goals for the month. Apple’s stock split at the end of the month so instead of putting $1,000 into my index fund, I purchased several shares of Apple.

Stash Account August 2020

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. 

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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