2. Save another $7,000 in my TD Ameritrade Account- Outside of the automated savings through my job, I want to save and invest an extra $7,000 of take home money. This one could be challenging because that means I need to have my spending on fucking lock-down. If I can meet my goal, I will be buying a low cost S&P 500 index fund that has a ZERO trading fee. That is important for me. I do not want to get a $9.99 trading fee every time I buy stocks. The hard part of hitting this goal will be balancing my spending vs. enjoying life. That leads me into the next goal.
3. Spend $275 or Less a Month on Groceries: Food is my 2nd biggest expenditure. I suppose travel might top that by the end of the year but we will see. I found myself spending about $400 a month on groceries earlier this year. My wife and I often shop separate because of different eating styles so that was $400 just for me. That is too much money. I want to eat well which means a lot of veggies and fruits. I also eat most of meals at home or prepared for lunch. I do not want to be miserable so beans and rice is not an option. I will try to be more deliberate over the next 6 months and try to keep this number at or below $275.
4. Restaurant Spending at or below $100 a month- For many people seeking financial independence, eating out is a cardinal sin. I do not see it that way. I think in moderation, eating out is fun and enjoyable. If I can keep my restaurant spending to $100 or less a month, it should provide me with enough flexibility to eat out once a week without hitting my budget too hard. By the way that is buying for the both of us.
5. Travel On A Budget But Have Fun- Life is short. We are going to the East Coast this year and then back home for Christmas. I want to be a little more mindful about spending while we travel but not let it ruin a good time. We will be in D.C., Phili, and New York. There are a lot of opportunities to use free museums and visit historical sites. There is a lot of good food and entertainment opportunities in all of these cities. I will look to find a good mix, have a ton of fun and not blow money like crazy.
I could go on and list a million smaller ideas but I think saving, spending and travel are the three biggest things I need to worry about. If I can control my spending in optional areas like restaurants, it should help with the saving. I want to enjoy some vacation later this year so hopefully our little trip will be fun and relaxing.
Do you have any financial goals going into the last half of the year?