Not really, of course, as I do have other goals, but having Sam start college in 2024 (with Nick just behind him in 2025) is definitely bringing our budget to the forefront of our goals! You'll notice a heavier weighting on financial goals this year, as we tighten things up a bit, and ensure we're ready for the upcoming college years.
Here's what I'm thinking about, in terms of goals for 2024.
Financial:
- Max both boys 529s - $34,000
- Max our 401ks (standard contribution for me + M's catch up contribution) - $53,500
- Save the remainder of Sam's college expenses. This is a huge stretch goal, and is dependent upon a variety of things, but I'd like to wrap up his savings, so we can move on to finishing out Nick's college expenses. By having the savings even a year or so in advance, it reduces the need for us to cash flow as much, and gives me more work flexibility.
- Earn $3,000 in side hustle
- Set monthly pantry or freezer challenges
Family:
- Help Sam transition to college
- Get Nick through the college application process + SATs & AP tests for both boys
- Optimize our points, perks, miles, etc, to keep travel costs in check while enjoying travel
- Plan one fun activity per month with both boys, until Sam leaves for college
Fitness:
- Stretch 2x/week
- Lose weight (135 by Sam's graduation)
- Run 2 half marathons + Hood to Coast
- Continue to strength train regularly
- Follow the No S diet
Personal:
- Get together with friends 1x/month
- Practice Farsi 100 times
- Declutter 500 items from the house (can include papers, etc)
What about you? What goals do you have for 2024?
One of the reasons I have kept working part time (along with inflation) has been to help fund Grandchildren’s 529’s. I so understand! Cindy in the South
ReplyDeleteI love your goals! YOu break it down wonderfully. I am inspired!
ReplyDeleteYou are on the ball already posting your 2024 goals! I hope you meet each and everyone of them. One of mine is to continue to lose weight and hopefully get my knee surgery. Time will tell on that one. :)
ReplyDeleteI haven't really did my goal planning for next year. Hopefully I can get down to that very soon.
ReplyDeleteGod bless.