Although I’d like to drastically increase my income and take a luxurious family vacation – that may not happen this summer. But here are a few short-term financial goals that are achievable and moms can probably relate to.
- Get a part-time job. This has been on my to-do list for more than a year and I admit I get a little distracted. I had my resume professionally done and now I need to start applying to positions. My ideal job would be to teach a journalism class in-person or online. I taught journalism previously at two universities after I finished graduate school. To get myself in the swing of things I’ve been to a local university twice to speak to students on a several topics and it went well. Prayers and positive thoughts are appreciated!
- Move out of our apartment. We need more space for our son and our stuff. Some of it is in storage now (including a lot of my old clothes) and I’d love to have it in our home. To buy or rent a home is a much longer discussion. I’d like to see about a rental home in a place that’s convenient for my husband to get to work and within an area that’s zoned for a charter school.
- Take a summer vacation by myself. I’m turning 40 this year and I desperately need to take a break. The thought of waking in a hotel room bed that I have to myself almost brings tears to my eyes. It’s funny that 10 years ago I took a European tour with some family friends and I’m so glad I did! If you’re single and childless, please take a trip ASAP before multiple airfares and child care costs start holding you back.
One of my long-term financial goals is to sit down with a financial advisor. Genworth Financial has some suggestions on how to find the right one for you. Since I’m working for myself and not contributing to a 401 (k) where an employer would match it, I’m losing out on my potential retirement income. If you think Social Security will be able to cover your post-retirement living expenses – think again! I’m working to take control of my finances as a mom and lighten the load on my husband as the breadwinner.
What are your short-term financial goals?
Is there an expense in the next few months that you’re working into your personal budget?
Disclosure: This post in inspired by Genworth Financial. All thoughts and opinions are my own.