2022 Mid-Year Financial Goal Check In! Are We Hitting Our $$ Goals?

TL;DR

Justine provides a mid-year update on achieving 2022 financial goals, including budget adjustments, income goals, retirement, health savings, and down payment progress.

Transcript

all right we're pretty much halfway through the month at this point so i thought it would be a good opportunity to check in with you and give you a mid-year update on our 2022 financial goals hey what's up guys it's justine with debt free millennials d channel to help you crush your debt and live payment free and today we are going to be talking ab... Read More

Key Insights

• 😨 Adjusted budget priorities for child care expenses over other savings goals.
• 👣 Justine is on track to achieve her income goal of $125,000 with potential growth in Q3 and Q4.
• 🧑‍⚕️ Successfully reached the maximum contributions for Kyle's retirement account and the family health savings account.
• 👶 Making progress towards the new down payment goal for a home in San Diego.
• 💦 Encouragement to start small with financial goals and gradually work towards larger milestones.
• ❓ Justine offers one-on-one budget coaching through Budget Boot Camp for personalized financial support.
• 🤗 Open discussion on viewers' financial goals and accomplishments in the comments.

Questions & Answers

Q: How did Justine and Kyle adjust their budget for child care expenses?

Justine and Kyle made significant changes to their savings goals, prioritizing child care over vacation and a second car by reallocating their funds accordingly.

Q: What is Justine's current income progress towards her $125,000 goal?

Justine is averaging over $10,000 per month, putting her on track to reach her income goal and expecting further growth in the upcoming months.

Q: What financial accounts did the couple successfully max out?

Kyle's retirement account and the family health savings account were both maxed out, providing financial security and benefits for medical expenses.

Q: How are Justine and Kyle progressing towards their new down payment goal?

Justine and Kyle are saving diligently towards a home in San Diego, currently at $142,575 out of their $150,000 goal, split between a high yield savings account and bond index funds.

Summary & Key Takeaways

• Justine and Kyle reevaluated their budget, adjusting savings goals for child care, vacation, and a second car.

• Justine is on track to hit her income goal of $125,000, with opportunities for growth in Q3 and Q4.

• The couple successfully maxed out Kyle's retirement account and health savings, while making progress towards their new down payment goal.