Happy New Year!  The years have been flying by and we have set some exciting financial goals for ourselves in 2019.  Here they are:  

1) Pass our 2022 Net Worth Goal
We ended 2018 with a net worth of $667,000, over 3 years ahead of our 2018 net worth goal.  We would like to keep this lead and end 2019 with a net worth over $721,500 (our 2022 net worth goal).

2) Reduce average monthly expenses by $1,000
We spent an average of $15,620 per month in 2018.  An insane amount of money and not something we are proud of.  We hope to reduce our average monthly expenses by $1,000, to $14,620 average per month.  With life costing more each year, this might not be as easy as it seems, however, we flagged a couple of categories that we plan to reduce in order to achieve this goal: furniture, clothing, and food.

3)Create a family trust or will

With two children and rising assets, we have wanted to create a family trust or will but never have gotten around to it.  We want that to change in 2019 and plan to meet with a lawyer to get this goal competed.

4) Contribute $3,000 to 529 Plans ($1,500 for each child)
We feel a bit more pressure each year to save for our kid’s college educations.  Our son is currently 7-years-old with a 529 Plan balance of $21,511 and our daughter is 4-years-old with a 529 Plan balance of $11,579.  We successfully contributed $1,000 to each of their 529 Plans in 2018 and would like increase that to $1,500 to each of their 529 Plans in 2019.

5) Building savings account balance to $20,000
This is a goal we have made for ourselves a few times over the years and have never been able reach it.  In 2019 we want that to change!  We ended 2018 with $12,824 in savings and w