My #next5 financial goals

When we are slogging our way through paying down debt, we often forget to see the light at the end of the tunnel. We just see debt starring us down and it seems like we will be in this stage of life forever. I’ve been feeling that way for the last few weeks. Today, I am intentionally taking a few minutes to search for that light with a little help from some friends of mine.

Sometimes fate kicks me in the butt when I really need it. Today, my friend Camilla at No More Hamster Wheel wrote a post about looking ahead five years.  She asked “If Nothing Changed in the Next 5 Years Would You Be OK with That?” It got me thinking about what I want my next five years to look like financially. It also inspired me to rewatch Kevin Buchanan’s video about your #next5 years.

So what do my next five years look like financially?

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1. Pay off our non-mortgage debt in 18 months.

When I look at it that way, the road doesn’t seem that much longer. We’ve been at this for a long time and seeing that we are 18 months away from that goal is huge for my motivation!

2. Build up a nice, beefy emergency fund.

After we finish paying off the debt, I can’t wait to have more cash in the bank. This will allow us to weather most storms that come our way.

3. Pay cash for a nice trip for our 15th wedding anniversary.

Our 15th anniversary is May 18, 2016. We should be able to pay off the rest of our debt, build an emergency fund and save up for our trip. I’m not sure if we are going to go back to Las Vegas, where we got married, or go back to Italy. Either way, it’ll be awesome and paid for with cash.

4. Move to a lower cost of living location.

Connecticut is a very expensive place to live and with that high cost of living comes restrictions on what we can do with our dreams. Moving to a lower cost of living location would allow both of us to spend more time, if not full-time on our dreams.

5. Be completely debt free.

I currently have a five year plan to be completely debt free if we were to stay in Connecticut. If we do end up moving, we will do so in a way that I can still be completely debt free by 40. Hitting this goal would give us an incredible amount of freedom going forward. I can’t wait to have a payment free life!

Of course, we have a lot of other financial goals, like saving more for retirement and purchasing a newer car for my husband, but these are the five that keep me going. These are the five that get me through those months when I’m tired of living on such a tight budget.

What are your #next5 financial goals? How can I help you get there?

Welcome to Payment Free Life

Payment Free Life

Welcome to my brand new site, Payment Free Life. Some of you might have found this site because you were looking for KlingToCash. For some of you, this is your first visit. Hopefully, the first of many.

A few weeks ago, I was pondering the direction to take my blog. I’ve been writing for five years about saving money, budgeting and getting out of debt. I wanted my site to reflect our goals and the goals of so many I’ve spoken with over the past few years. When I sat down to think of our journey and our goals, the overarching theme is to achieve a payment free life. Our goal is pay off our debt, save money and live our dreams.

Now, I share that dream with you. Imaging what your life would be like if you had no payments. How would your life change? What could you accomplish?

Please take some time to explore the new site. All the content from the last five years is here. You can browse by category by using the links at the top of the site. If you like what you read, I encourage you to sign up for our email updates in the side bar. We will never share your information with others.

I also welcome and encourage your feedback. My husband and I built this site for you, to use our story to encourage your journey.

Thank you for sharing our journey. Please let me know how I can help you on yours.

Regards,
Kristin