New Year's 2017 Theme

Hello New Year Sunshine and welcome 2017! What's a better way to start the new year off than by making new goals to strive toward in this brand spanking new year.

My 2017 new years theme is financial peace. We are huge fans of Dave Ramsey and we have in the past followed his methods of becoming debt free. We last stopped on baby step 3 and then I was laid off. We blew through our savings and started back on the road of bad habits that equaled debt.

This year we will take back control of our finances and start back on the road of financial freedom. My hubby wants to be starting baby step 4 this time next year. He is aggressive and we will definitely be able to achieve this together.

Along the way I will report back on our status with tips. Today I will start with my plans to save money. But first I will list out the baby steps so you will know exactly what I am talking about.

Baby Step One - $1000 in an emergency fund (couple) - $500 (single)
Baby Step Two - Pay off all debt but the house using the debt snowball
Baby Step Three - 3 to 6 months of expenses in savings
Baby Step Four - Invest 15% of income into pre-tax retirement
Baby Step Five - College funding for children
Baby Step Six - Pay off your mortgage early
Baby Step Seven - Build wealth and give

Knowing your finances and where you spend your money is key. Over the past couple months I haven't been necessarily budgeting but writing down all my expenses to see where in the world all my money was going.

Well, to be honest, I did this little experiment in November and December so besides Christmas shopping I know most of my money went to food and food alone. Bills don't even take up a 3rd of my paycheck so why am I spending so much on food. One word lazy.

We would eat out several times a week and feeding a family of five on take out can get a little pricey. Plus I must account for my growing boys. They are now really, really hungry like all the dang time. I've heard from other parents of teenage boys talk about this and lets just say they tell no lies. And I'm just at the starting gates of this revolving door of hunger. I have to now double recipes so my food budget has changed significantly.

My Plan to Save:

Meal Planning
This is going to take some time getting use to but it will help with us eating out.

Me telling my money where to go. We will budget for all the important stuff and a little fun. Cause all business and no play ends in disaster. I'm working on using a spreadsheet to keep track of everything.

Savings Account
I opened a high yield savings account that I can't readily take money out of plus it will yield 1.05% APY. Not a ton but way better than what my bank offers.

Limit Spending
I spend a lot on the house throughout the year. Going into Target never helps cause what can I say I want all the pretty shiny things. I'm not going to lie and say I won't spend on the house but I will limit my spending. I have some projects I want to complete and start but overall I will take a step back from all the decorating and redecorating.

As the year progresses I might tweak some things but this is my over all plan to save. To start the savings ball rolling I'm going to do my 52 week challenge and build from there.

What are your New Year's goals, one words, theme, or resolutions? See ya soon!

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Images via West Elm Blog


  1. This is great Darnetha, I really appreciate you sharing these tips. I, too, would like to start hunkering down on some bills, love the baby steps.

  2. Great Post Darnetha! What a great goal, I can imagine financial freedom as being one of the best feelings ever! Good Luck and I cant wait to read your updates.

  3. Sounds like a great plan, Darnetha. I'm working on a couple of those goals, too!

  4. Meaning planning is definitely on my list of to dos. Not sure how to start it though!


  6. Darnetha I love this !! My hubs and I are realigning our finances as well !! This is great motivation!!

  7. Hey Darnetha! I am so so excited to follow along with your journey. I cant wait to see how it all turns out for you. Great motivation.

  8. So, I was looking back over some older post and realized that you have accomplished the peace you were motivated to find financially. Congratulations because we can always start things but seldomly finish them. Even if it took longer than expected; you did it.


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