October 2018 Update

October was an interesting month. 
I resigned from my job at the end of September without a new job lined up. 
This is a decision I wouldn’t ordinarily make.
But I was desperate to separate myself from a work environment that was a horrible fit for my personality and lifestyle. 
So I gave 30 days notice and, for the first time in many years, I was without a full-time job.  I wanted to make the most of the time and use it as an opportunity to catch my breath and recover from months and months (ok years) of burnout and stress.
For years I‘ve been juggling multiple jobs because I love the idea of multiple streams of income. But it takes a lot of energy and effort to stay on top of everything. 
Add to the mix a husband and 3 kids…
Exhausted is an understatement.
It was nice to catch my breath BUT not having money come in made me feel vulnerable and exposed.

Income Adjustment and Working Part-Time

I earned a small amount of income from my business in October and my husband Eric started a new 20-hour per week part-time job that he could work in addition to the church (hubs is a pastor).
And thank God  the part-time job came with benefits the family coverage that I had ended when I left my job at the end of September. 
To adjust for the lack of income this past month we relied on our emergency fund a bit. 
In fact, I paid up our mortgage though the end of 2018 because I wasn’t sure when I would be going back to work.
Initially I made a conscious decision not to actively look for a new job because I wanted to give myself time to rest and go into the job search renewed and refreshed in Spring of 2019. 
But a previous employer found out through the grapevine that I had left my most recent job and they sent me an email to see if I would be interested in coming back to work with them.
I accepted on the condition that I only work part-time and see patients 2-3 days per week. Just incase you’re new…I’m a certified physician assistant. 

An End to Hustle Season

Working part-time will give me the ability to spend more time at home and feel less overwhelmed and frazzled all the time with the constant juggling act of home and work. 
I am still teaching online university courses as a side hustle and additional stream of income. But I have scaled it back and am only teaching at one school at present. 
My part-time clinical job does not offer a retirement plan but the good news is that my very part-time online teaching job does! 
There is no match offered for part-time employees but I’m not complaining. I’m grateful to have a workplace retirement account that I can contribute to.
With less income coming in I don’t anticipate being able to max out annual contributions for 2018 but I’m cool with that. 
Because hustle season is on hold indefinitely for me.
And that’s the reason I haven’t published a Side Hustle Income Report since December 2017. 
I’ve known for a long time that this season was coming to a close for me. 
But I grappled with it. 
It’s taken some time and a serious mindset shift, but I’m at peace with slowing down in my career and business pursuits.
There is a time to hustle and a time to relax and enjoy the view on the journey to financial freedom. Now is my time to do the latter.
I still plan to pursue financial independence but it may take me a little longer to get there.
In the meantime I will enjoy my family and continue to travel (on a budget of course).
Next up on the itinerary is Ocho Rios, Jamaica in December!

Tightening the Household Budget

Working part-time also means that my budget will be tighter than its ever been in many years.
In preparation for the drop in income I have made a few adjustments to my monthly budget:
I’m also using my Chime debit card for personal spending instead of cash.
I’ve been a cash spender for a few years now so we’ll see how it goes…

Completed 403b Rollover

In October I also completed a 403b rollover from my teaching job that ended in the Spring. I worked for the university for nearly 4 and a half years and was able to max out my contributions for each of the 4 years. 
Even though I only worked at the university for a few months in 2018 I managed to contribute $11,825.59 to my 403b.
Altogether I accumulated nearly $120,000 in my workplace retirement account in a little under 4.5 years by taking advantage of the employer match and maxing the account each year. 
If you’re wondering how to get started with investing your workplace account is the best place to start. 
I rolled over the money from Voya to a Vanguard Target 2045 Fund. 

 Regular Monthly Updates

Moving forward I plan to post these updates monthly to keep myself on track with my savings, investing, and life goals. I find it easier to achieve big goals when I break them down into mini-monthly goals.

What goals will you be working on over the next 30 days? 



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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