2014 New Year Resolution
2013 passed us by with a blink of an eye. It is 2014. Every year, we make some targets and resolutions for the new year. This year is not exception. However, we want to try hard to make sure those goals come true.
So here goes:
Move Cash into Investments
We have been keeping almost 140k in the bank saving/checking accounts throughout the year. That will have to change. With the minimal interest it is earning, it is not helping. As P2P becomes more and more popular, the earnings are dropping. We will continue to invest in P2P, but at a much slower rate, while we search for other investment opportunities.
We might need to hold the cash until the JOBS ACT passes in the middle of 2014 to invest in real estate crowd funding. That is something yet to come.
We are also looking into more index funds. Those are diversified and move with the market. It might be good that we start to set aside a set an amount every month and invest in those.
The goal is that by the end of 2014, we should only have about 50k or less sitting in cash.
Home Improvement Projects
We started our kitchen backsplash project back in 2013. It is still not yet finished. It has to be finished in 2014. Cutting big tiles were not fun at all and turned out to be much harder than we thought, especially the ones for outlets and corners.
The house requires constant improvement and maintenance. A few areas of the bathroom needs new caulk. We are also thinking about painting the stairs to the basement.
We will see what we can get done in 2014.
Mrs Y Job Search
The title says it all. Hopefully it won't take too long. We will report back once there is some good news.
Food Budget
We have been spending a little more for the past years on groceries. We are planning to spend about $120 per month. I have been tracking our current spending and we will report back every month.
Those are a few items for now. Hopefully there will be more things that we can achieve this year. 2014, here we come.
So here goes:
Move Cash into Investments
We have been keeping almost 140k in the bank saving/checking accounts throughout the year. That will have to change. With the minimal interest it is earning, it is not helping. As P2P becomes more and more popular, the earnings are dropping. We will continue to invest in P2P, but at a much slower rate, while we search for other investment opportunities.
We might need to hold the cash until the JOBS ACT passes in the middle of 2014 to invest in real estate crowd funding. That is something yet to come.
We are also looking into more index funds. Those are diversified and move with the market. It might be good that we start to set aside a set an amount every month and invest in those.
The goal is that by the end of 2014, we should only have about 50k or less sitting in cash.
Home Improvement Projects
We started our kitchen backsplash project back in 2013. It is still not yet finished. It has to be finished in 2014. Cutting big tiles were not fun at all and turned out to be much harder than we thought, especially the ones for outlets and corners.
The house requires constant improvement and maintenance. A few areas of the bathroom needs new caulk. We are also thinking about painting the stairs to the basement.
We will see what we can get done in 2014.
Mrs Y Job Search
The title says it all. Hopefully it won't take too long. We will report back once there is some good news.
Food Budget
We have been spending a little more for the past years on groceries. We are planning to spend about $120 per month. I have been tracking our current spending and we will report back every month.
Those are a few items for now. Hopefully there will be more things that we can achieve this year. 2014, here we come.
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