End of the Year Goals Update

Happy December 11th! We still have twenty more days of 2017 left, which will fly by for our family, as we’re preparing to spend most of those days in South America, ringing in Christmas and the New Year with our Chilean family.

I thought it appropriate to go ahead and write an end-of-the-year goals post, though, because we have pretty much completed or are in the process of completing our 2017 goals.

End of the Year Goals Update--www.thethreeyearexperiment.com

 

Earlier this year, I shared our 2017 goals for this year, and in July, I shared a mid-year update. This blog documents our three year journey to double our net worth (see our latest update here) and become location independent, so we had some pretty specific goals for this year to make that happen.

At the beginning of 2017, I sat down with a piece of plain white printer paper and divided our goals up into a couple of sections. I organized our goals from least specific and time-sensitive to most specific and time-sensitive. It may seem like I repeated myself a bit, but this system works for us. Continue reading “End of the Year Goals Update”

A Year of Good Habits: Laugh

After getting up today, for the second day in a row, at 5am (okay, it was 5:09; I pushed the Snooze button once), I’m reminded of why habits are so important in my life. When life gets busy, I can fall back on my habits to help me cope. And life has gotten really busy. We are racing toward the finish line with our to-do list to get ready for our trip to Chile. It feels like every second of my day is booked with something to do.

A Year of Good Habits: Laugh--www.thethreeyearexperiment.com

So getting up at 5am, which I’ve been moderately successful at over the last month, has given me time and space that is unscheduled. I can write, think, make goals for next year, and all that nerdy financial stuff my family rolls their eyes at.

It’s amazing that this is the last month of my A Year of Good Habits year-long experiment within our larger three-year experiment. Focusing on a different habit each month has brought me awareness of how important these rituals are to my short- and long-term happiness. I’ve undertaken eleven habits so far, some for the whole year and some for just a time, but they have all helped me realize how my life has improved by changing my behavior.

I’ve also undertaken a few habits I haven’t written about in my Year of Good Habits, for one reason or another, mainly because I thought they wouldn’t apply to a wider population of readers. I stopped drinking alcohol at the end of June and started intermittent fasting at the beginning of August. I had been having some health problems, and changing what (and how much) I eat and drink has radically changed my health for the better–plus I’ve lost fourteen pounds! The health problems, including my stomach and lower back pain, have virtually disappeared. I’ll write about both topics in future posts, because they’ve contributed to our Three Year Experiment in major ways.

December’s Habit

Inspired by Amy at Life Zimplified, I’m going to make it a habit to Continue reading “A Year of Good Habits: Laugh”

November Net Worth Update

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent. Each month, I record our progress on our net worth and our spending (gulp!). This year has been a year of fixing our house (the roof) and paying off debt, plus saving as much as possible. As of October, we were roughly 24% of the way to doubling our net worth. 

At the ThreeYear house, we’re in the midst of colder temperatures (it’s currently 21 F/-6 C). Our Christmas decorations are up and we’re enjoying the few weeks of winter until we pack up and head to South America for a few weeks, where we’ll enjoy delicious summer weather.

November Net Worth Update--www.thethreeyearexperiment.com

It’s hard to believe that the end of the first year of our experiment is coming to a close. It’s been amazing to document this journey on the blog.

November was a month of higher expenses. We had my family in town, so we did some home improvement projects related to that. And we stocked up on food. My mom very generously donated money to our food costs, which I put into our savings account. Yay for extra savings! We started buying Christmas gifts for our family in Chile. We had a second month of high medical bills. For next year, we’ve switched our insurance from the high deductible to the higher cost, everything-is-covered policy. 2017’s experiment with the high deductible healthcare didn’t work for our family. Between physical therapy, psychologist visits, braces, and managing our sons’ ADHD, we pay a lot in medical costs. It would have been cheaper to pay the higher bi-weekly premiums and have less to pay out-of-pocket. Mr. ThreeYear will also rest easier knowing that whatever medical issues life throws at us, they’ll pretty much be covered by our healthcare plan. When he developed tennis elbow and decided not to pursue any more physical therapy because of the cost, it was a pretty frustrating situation for him to be in.

Thanksgiving turkey--www.thethreeyearexperiment.com
Our Thanksgiving turkey. My sister and I made a low-key, low fuss meal, and her turkey turned out beee-uu-ti-ful and delicious.

We know that December will also be a very high spending month, because of our Chile trip. We’ll also pay the remainder of our church tithe (which doesn’t show up in our monthly spending report, because we want to keep our giving on the downlow). We’ll pay off the Prius and the apartment in Chile, pay a little extra on our mortgage, and pay our house taxes.

We’re grateful that we only have one more month of monthly payments for our apartment in Chile and our Prius!!

Continue reading “November Net Worth Update”

The Best Christmas Gifts for That Person Who Has it All

I am a person who loves the holidays, and loves to give gifts, as I recently shared in this post.

But when you’re buying Christmas gifts, what do you get for that person who has everything?

The Best Christmas Gifts for That Person Who Has it All

A friend of mine, Liz at Chief Mom Officer, recently wrote a wonderful post called I’m Sick of Christmas Materialism – Instead Let’s Make a Difference #ActsOfKindness. As much as I love gift giving, making a difference and helping others is what Christmas is truly about. Liz challenged bloggers to think of ways to help people in need this holiday season, and several fellow financial bloggers have taken up her call to action. A complete list of bloggers and their articles about ways to impact the lives of others and spread #actsofkindness this Christmas appear at the end of this post.

So if you have that hard-to-shop for person on your list, why not take an opportunity to give to others on his or her behalf? Every time someone gives to a charity on my behalf, I feel a warm glow. The Minimalists list this as their number 1 gift suggestion.

It really is better to give than to receive.

Below I’ve listed several of our favorite options for charitable giving this Christmas season.

Chickens

The first time we received a charitable donation for Christmas, I was a teenager. My uncle gave us a card that said, “A flock of chicks has been given to a family in need in your honor.” I remember giggling over the thought, and then quickly reading more about Heifer International, the organization in question.

The website explains, “Giving an animal is like giving someone a small business, providing wool, milk, eggs and more. Animal donations can provide families a hand up, increasing access to medicine, school, food and a sustainable livelihood.”

The gift of chickens quickly became the most memorable of the year. I can’t tell you the other gifts my uncle gave me over the years, but I remember the chickens vividly. I loved the idea that a family in need would not just have donations to help them once, but a flock of animals from which they could receive eggs, meat, and income for many years.

When I was in high school, I went to Honduras as part of a medical mission team. The Hondurans who we helped wanted, more than anything else, Continue reading “The Best Christmas Gifts for That Person Who Has it All”

Don’t Want to Think About Saving for Retirement? Just Do This.

Personal finance can be overwhelming. There are so many steps, dos and don’ts, behaviors to adopt, what have you. Once in a while it would be nice to have a fail-safe, simple solution to follow to make sure you have enough for retirement.

Don't Want to Think About Saving for Retirement? Just Do This--www.thethreeyearexperiment.com

As Mr. ThreeYear and I struggled to pay off our debt and become more financially responsible, I met with a personal finance instructor who taught at a local college. I showed her the ins and outs of our finances, and I remember her saying, “you’re not even maxing out your 401K?” We weren’t, at the time. We were only contributing enough to get the match, because we were saving for a house downpayment. We’d contributed more in the past, but never maxed it out.

It took us another two years to completely max out Mr. ThreeYear’s 401k, but when we started to do so, I realized that for many people, this was the simple key they were looking for to save for retirement.

Maxing out your 401K is the single best way to save for retirement, lower your tax implications, and spend less, all in one fell swoop. Continue reading “Don’t Want to Think About Saving for Retirement? Just Do This.”