Happy New Year! We had a great 2024 but came up a little short on some of our 2024 financial goals.  Below are our results.

1) Pass our 2031 Net Worth Goal ($1,740K) SUCCESS

We ended 2024 with a net worth of $2,363,806.13, 10 years ahead of our net worth goal schedule.  It took us 14 years to reach $1M net worth and only another 5 years to reach $2M net worth.  Feeling very blessed! 

2) Give $5,000 to church SUCCESS

We are thankful to have exceeded our giving goal of $5,000 in 2024, giving a total of $9,432.73.

3) Contribute $8,000 to 529 Plans ($4,000 for each child) SUCCESS

We passed our 529 Plan contribution goal of $8,000 in August.  We contributed $4,000 to our 13-year-old son’s 529 Plan and his plan has a balance of $81,500.14.  We contributed $4,000 to our 10-year-old daughter’s 529 Plan and her plan has a balance of $57,037.29. 

4) Maintain savings account balance of $30,000 FAIL

We could provide a number of reasons (excuses) for failing to maintain $30,000 in savings but it comes down to simply not prioritizing this goal.  We ended 2024 with $13,366.35 in savings.  We came up short, even though we could have tightened our belts and likely been successful.

5) Book Mediterranean cruise FAIL

Money is a tool to have experiences, and we did have many fun family vacations in 2024 but we failed to book a Mediterranean cruise for 2025.  We went on a Disney cruise in 2024 and realized that cruising isn’t our favorite way to travel.  We would much rather fly to a destination and stay in a hotel.  So, no Mediterranean cruise was booked.  In fact, we decided to visit Scandinavia in 2025 and postpone our Mediterranean trip until 2026 or later.