Budget and Invest

2015 has come to a close and with that, the end of another year of budgeting and saving.  I have many proud financial moments for this past year.  The main one is paying off my student loans.  I had ten years to pay them back, but I was determined to be free from them as soon as I could.  I budgeted and was able to pay them off in just 2.5 years.

What was your biggest financial accomplishment of 2015?

When it comes to 2016, I have a couple of main financial resolutions I hope to achieve.  The first being to pay off the remainder of my car loan.  I owe less than $5,000 remaining, so this should be an easy task.  My next goal is to have a net worth of six figures before my 27th birthday (My birthday is in March, so this doesn’t leave me much time).

What are your financial resolutions for 2016?

Today and tomorrow are good times to sit back and reflect on what went well and what didn’t go well with your 2015 finances.  You can then figure out what changes need to be made to create a wonderful 2016 financial year.  It all starts with budgeting, so if you haven’t already downloaded an Excel sheet then do it now.

Monthly Budget Example

Budget Smart, Invest Wise