What are your personal finance hopes and dreams for 2019?

[leastprime]

Originally Posted by leastprime

Hope to have our Heath conditions stabilize. We have high deductible medicare.

12/16/2019
Expensive teeth care which is paid out-of-pocket, far surpassed what we paid for Medicare G. Health is stabilized.

[ChessieMom]

Originally Posted by aslowdodge

This should be closed and a new thread for 2020 be starting.

Agreed.

[cityhopper]

Originally Posted by cityhopper

Planned goals
1. Savings: Double cash and cash equivalents to increase self-insurance reserve
2. SLs: Increase payments to accelerate payoff
3. Spending: Spend meaningfully. Household and discretionary expenses should be PIF'd monthly and limit consumerism purchases (and pay off such purchases in 90 days).

Hopeful goals
4. Additional income stream

I spent most of my working years, living pay check to pay check and in debt due to horrible spending habits. A few years ago, I made small changes (e.g., paying CC charges in full) and I started to save money. Looking forward, 2019 may be the first year where my savings rate exceeds my discretionary spending rate.

Retiring early may not be a realistic for me, but I am not giving up on financial independence.

Closing the loop on my 2019 goals to actual


#1 - Savings goal


#2 - SL goal

• Mid-year I altered my plan to decide to maximize self-insurance savings before maximizing SL payoffs

#3 - Managing spending

• The first half of the year I did really well but didn't keep up the pace for the last half of the year. Overall, I'm not holding long term debt and that makes me feel satisfied despite my overages.

[leastprime]

Originally Posted by leastprime

Hope to have our Heath conditions stabilize. We have high deductible medicare.

update
For year 2019, we reverted to Medicare G Plan from Advantage.
For year 2020, we will maintain Medicare G (supplement-gap) Plus D (drugs). Also picked up private Dental (essentially limited prepaid).