my money & personal finance goals for 2024 💸✅ *exact amounts* (saving, investing, & building wealth)
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- Опубліковано 25 січ 2024
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In this video, we are talking about my seven personal finance and money goals for 2024! Each one supports the other with the overall goal of saving more, living well, investing, and building wealth. I hope this video inspires you to set some goals of your own!
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What are some of your money goals for 2024? 💸
PS. I meant "NFTs" not "EFTs" 😂😂
PPS. I got a new camera can you tell??
Where is your top from??
@@rachelmaunder8443 2017 top shop 😭😂
Yesssss the quality is so good Zoe!
My financial goals this year are to complete my 6 month emergency fund of $22,000 (currently at 19k), max out my Roth ira, and work on actually saving money into my sinking funds before buying anything!
Fav money books:
1. We should all be millionaires
2. I will teach you to be rich (GREAT for beginners!)
3. The richest man in Babylon
4. Psychology of Money
5. The Almanack of Naval Ravikant
6. Think and Grow Rich
My goal for 2024 is to continue making double mortgage payments.
LOVE THIS!
My money my way by Kumiko Love. @@ZoePritchard
Me too!
This is so amazing! You go girl!
Dam! Thats awesome. Pray you accomplish this
✨Stability is sexy✨, just went straight to my moodboard for the year, thanks Zoe!!
Love how down to earth and realistic you are. Please don’t lose that!
🥺🩷 thank you!
I would LOVE a kickoff video for your journey to $100K net worth. My financial goals are to fully fund my FHSA again this year ($8K), start back up my monthly TFSA contributions, and I want to work towards my Financial Planner designation which will help me grow in my career. Excited for you Zoe, you got this!
HSA or FSA? FSA doesn't rollover year to year last time I checked. HSA does rollover each year. Just double checking with you so you're not wasting money in a FSA, unless you intend to use it before 2025.
@@madelinedoyle3370I think she’s talking about the newish FHSA (first home savings account)in Canada, it can roll over from year to year up to $16000 rolled over
Yes would love to see a journey to 100k video!
@@madelinedoyle3370 I see you taking advantage of the US healthcare tax benefit! That being said, I think you’re operating from a US mindset and I’m not sure we can as I suspect the Canadian audience is plentiful!
- signed a southern Canadian (read Michiganer) ❤
I read “We should all be millionaires” last January and it’s the best. Motivating but with actionable steps.
I have a car, Christmas, and personal care sinking fund! I use my car fund for things like oil changes/repairs if I need to, but the long-term goal is for a down payment towards my next car. It's crazy how it's accumulated, I've got $3,000 in there right now. My Christmas fund I actually use for anything from Thanksgiving to New Years. Any food I need, holiday stuff with friends, my Christmas tree (I get a real one), etc. I'm a teacher so I even budget "fun" money for my break within that sinking fund. I don't put as much in my personal care fund as the others, but I use that for things like haircuts, any extra skincare products or items that I don't regularly buy like shampoo etc. I probably could cash flow Christmas and my personal care items but it is such a great feeling to get to Christmas and never have to use my regular paychecks. Complete game changer mentally.
You're on top of the world 💖 I loved reading this!!
Zoe, cash envelopes are what got me hooked on budgeting!! It also became a hobby. My life has since gotten much more busier but I’m able to stick to my budget without the envelopes now because of the foundation they helped me build
this is so amazing 😍😍😍
Would love a kick-off video on your journey to a net worth of 100k! Also, highly recommend the book «Your money or your life». It is so entertaining and inspiring☺️
Hearing that 2023 was a year that you felt less financial anxiety made me smile! It was the same for me too, still had it don't get me wrong 😅 but it was way better than previous years! Your goals sound great Zoe ✨️ I've read think and grow rich a while back and gave it 3 out of 5 stars. I finished the millionaire next door today and gave it a 4 out of 5 stars! Btw I love this little nook that you filmed this video, with the books, mirror and plant, so cozy ❤
ahh im so happy to hear this for you!! I will add Millionaire Next Door to my list 😍 thank you!! 🩷
Your the best and so smart! Thanks for the video- AND THANK GOD FOR REAL PEOPLE IN THE SENSE OF BEING REAL!
so proud of you Zoë ❤ you inspire 😊. Looking forward to taking the 100k networth journey with you 🎉
Very very excited for your journey to 100K! However long or short it takes you, you got this Zoe! I am rooting for you. 😊
Loved this! Would love to see the kickoff video for sure!!! Goodluck with all those goals. 😊
My dog tore her acl a few years ago and luckily I had an emergency fund to take care of that but after that happened I decided she needed her own. And as far as the car savings goes I drove an Audi for 12 years and I absolutely loved it but towards the end the maintenance was crazy expensive but luckily I had saved over the 12 year span and was able to buy my next car in cash so keep on keeping on, it’s worth it!!!
oh wow I love this! (well not your doggie being hurt but being prepared)... buying the next car in cash is so goals!
New follower!🧡 Love the envelopes and would love to see a video on how you deal with all of your receipts for Quick Books / Budget Tracker! 🎉🎉🎉✨️
And your pearls! Not seen pearls in forever! You Rock Zoe! Take care of yourself and thank you for what you do in posting awesome videos.
"You can't just go around without a tooth" this story was so funny and cute, but so real.
hahaha my dentist has had enough of my procrastination 😂
Love *all* of this! I am currently reading The Financial Feminist - not sure if it would be helpful for your journey or not since you have obvi mastered a lot of the financial basics; but I’ve been really enjoying it! My goals for this year are to save up 3 months of expenses in my emergency fund, pay off the last credit card balance (0% APR until 2025 so I’m feeling really balanced about that one) & to fund my vacations ahead of time so nothing stays on a credit card! I’d love to see a 100k kickoff! I feel like I’m not ready for something like that yet but I want to learn more 😊
i reallly enjoyed " you are a badass at making money" helped me shift a lot of ideas and negative feelings i had around earning that i didn't realize!
Zoe, this is one of your best videos, I guess it’s because I love speaking about money, plans, future. The book I will suggest is My Money My Way by Kumiko Love (The Budget Mom)it’s a easy read but when you are finished you are pumped up to go all the way.
This content is so relatable!
IVE BEEN WAITING FOR THIS VIDEO
Sinking funds give me such a peace of mind!
I love Nischa! I’m so happy you watch her too!
Love your content...very practical easy to digest & apply. 👍
"saving up for this tooth is not sexy" is not something I expected to hear at 8am on a Wednesday morning... Or ever. 😂😂 Love it. Great video Zoe!
hahaha 🦷
i use the cash envelope method! its so much fun and it honestly made me more financially smarter and saved so much ❤
Great Video Zoe!
Just discovered your channel and currently binge watching it 🙌🏼 your content is so inspiring!
I’m from Montreal too 💁🏻♀️
ahhh thank you!!! 💖💖
This video was SO helpful. Absolutely love this. Off topic but can we talk about the outfits today? So cute.
I liked Your Money or Your Life! An interesting take on thinking about money as it relates to your life values.
ok, ive binge watched like 10-12 videos in the last two weeks. i've subscribed and im a FAN. thanks for being so raw about your incoming income, expenses and savings. Looking forward to getting myself in line this year. I've started a budget spreadsheet, i definitely went over for the month of January HOWEVER, its less than i normally would spend. Thanks for the inspiration, Zoe!
P
Need that net worth journey series!!!
I just love your goal N°6, RRSP. I hope you'll achieve it. Bon courage!
Great video! Your positivity and dedication are truly inspiring. My financial goal for 2024 is to become debt-free, and your videos motivate me to stay focused! Thanks for being such a positive influence!💕
i learned so much from you from watching your page. it’s been amazing and way more easier for me to be financially stable just from what i learned from you❤
Rooting for you 👏🏼👏🏼👏🏼
My goal is to save up $10k in my emergency fund before I give birth in July! I'm currently 25% of the way there!
omg congratulations and you got this!!! 💖
Love the video! Just a quick comment you don’t earn more interest if all of your money is in the same bank account unless your account changes the interest if you hit a certain limit which is rare in the case of $15K. For example if you get 1% of $100 + 1% of $300 that gives $4 total ($1+$3) but if you had it all in one account 1% of $400= $4. So don’t let the earning interest change your account breakdown if it’s easier to keep it all together then go for it
Like a couple of others have suggested, Ramit Sethi's I Will Teach You to Be Rich is a good shout. Both the book and podcast are worth looking into.
The millionaire next door is a great book. Good luck!
Great video 👌
Zoe, I love this video! I've watched it like multiple times already lol. I'm definitely interested in a kickoff/roadmap to $100K video! I've been tracking my net worth since 2020 and I love looking at my spreadsheets comparing my investments and seeing the trends go up over the years. Would definitely love a series like this! ❤
I would love a 100k kickoff video!! I am also trying to make 100k this year and would love to follow along your journey 💗
Book recommendations:
My Money My Way by Kumiko Love - this is about cash budgeting which you're already doing but it could be fun to learn about her method
Get Good with Money by Tiffany Aliche - I just started reading this but it's good so far! This one is about the basics and then she just came out with another book called Made Whole that's more about the next level of financial goals, so you may be interested in that one!
YAY early! wait omg zoe last year i also went through the dental implant process. the post/screw is the implant! i'm still waiting to fully heal before the crown. thankfully dental insurance covered a lot of it but i also had a tooth sinking fund 😂 without insurance in the US it would've been like $9k 🙃
My favourite type of videos ❤
I’m also working on my house goal, saving 28k this year!!
My takeaway …. STABILITY IS SEXY lol
Btw Zoe, you looked really pretty today 🫶🏼
Yes, I would be very interested in the road map video to 100K ♥️
Zoe! Love your videos and your recommendations. Your lifestyle motivates me to become better with my finances. Where did you get your top from?
thank you so much 💖 this top is like 6 years old from Top Shop!
Your top is so cute !
My money goal is to pay off my 32,000 in debt. Slow and steady wins the race.
The minimalist guys! These guys are awesome, the books and podcast they have are amazing.Look into the 333 rule with them- you might likkkkkke it...
I would love your 100k kickoff video. I'm trying to reach that too!
I’m hoping to start a business!! Also sticking to my budget and paying cash for most variable expenses this year. I hope to pay off a couple of my student loan debts soon too!
I would recommend My Money My Way by Kumiko Love also known as The Budget Mom. She also does cash envelopes.
Hoping my cash envelope system will make me achieve my goals this year....
Hello Zoe ! Great video, my plan this year is first of all to stop spending on things which do not benefit me and upgrade my lifestyle.
My money goals are :
1) 8k on my RRSP,
2) 3k to discover a country in Asia,
3) 9k into my emergency savings,
Surely it would be interesting to make a video in December after coming back under this video and asking people if they succeeded
amazing goals!!!
The cash envelopes system has been such a game changer !
amaaaazing 🩷 so happy to hear this!
Same just started them a few months ago and have noticed my money growing since.
My goal is to buy a car in 2025 I am trying to save 20k so I can buy something in cash! Interest rates are just way too high in the US for me to feel good taking out a car loan.
New subbie from Ireland ❤🎉❤🎉
Great video.😊 what camera do you use for your YT vlogging?
OMG YAASSS
Aww, I know parents do what they can but you were born that way it would’ve been nice for them to get you the crown. I literally didn’t go to the dentist until I was 21 and my mom covered the cost of a crown that I needed and a periodontal cleaning.. after that I was on my own..
Rich AF by Vivian Vu is my new audible book I’m excited to listen to it
I love your sweater. Where did you buy it
You should also consider having a sinking fund for self care / therapy for days you feel you need it most ❤❤
Girl I love that you have a goal to read more because the goals you listed are kind of confusing. Yes, RRSPs reduce taxable income but they still are only just tax deferred. TFSA is in the bigger picture much better of an investment. It's a question of short term vs. long term. Even better do an FHSA so you get the best of both (tax free and reduces taxable income)
As for books: I'd recommend Rich Dad, Poor Dad and the follow-up Cashflow Quadrant. Those are classics you'll see everywhere on finance best-of lists.
Hey Zoe - sometimes you can save money when you go and have your dental work done at dental school. I feel like when they produce a crown it’s even less risky as they’re not working in your mouth directly. Maybe look up Uni dental programs around you and check if they offer that kind of thing.
I'm sure you can do it 🙏
You'll earn the same amount of interest whether you have a 10k balance or 10x1k balances across separate accounts, as long as the interest rate is the same. Personally I have 3 different high yield savings accounts at the same bank where I keep my emergency fund, car fund, and travel fund. It's nice to see the numbers separated out AND ser the interest grow.
My goals are to add another 3k to my ETFs, save another 2k for my sons driving school, add 1k to my dogs medical fund, fill up my vacation fund for the summer 1k and 1k for my upcoming MOT. And maybe if I feel fancy start a teeth fund - I’m in my late 30s and people around start having issues 😂
I just recently finished the audiobook, "You Are A Badass with Money" by Jen Seneco. So good!
aw thank youu!!! 💖💖
Hello my name is Peter This year I have goals I have started doing 100 envy chal it is kind of tempting trying not to grab the money and in the same time try to be debt free, save up money for a car and also doing some other savings challenges
Hi Zoe, my fav financial book is I will teach you to be Rich by Ramit Sethi. ❤
Love the shirt! Where’s it from?
Do tell!
yes kick off video please
I need that shirt 😮
it's so old from topshop 😭
@@ZoePritchard that’s okay 😭
My goal is to save atleast
$12k for emergency funds and $2k for my 2 cats❤
YES! Use your emergency fund for your tooth ! That’s what it’s there for, unexpected large expenses ! Xx
What is the color of your nails. I love the color and love your fashion. You should open a clothing store!
Financial feminist by Tori Dunlap! Her podcast is great too!
I love your top. Or, is it a sweater dress?
New sub here!!!!!
yayyy!! 💖
Love your top! Been searching for it but can’t find it. Are you able to share the link?
its suuuper old from Top Shop!
My goals: double mortgage payments each month, max out roth ira for hubby and myself, beef up sinking funds, take a cruise this year.
2024 financial goals are to max out my 401K and Roth IRA, max out my ever increasing emergency fund to the new goal post number, and invest at least another 20K in my brokerage account. Oh yeah, most importantly, have fun with the process! Cheers!
I just became a nurse and had no freaking doubt i wanted a new car.
I was SOOOO OVER REPAIRS!!!
No regrets whatsoever.
I truly believe every single person prioritizes different things, i dont buy food, i cook alot.
And im frugal in other places.
This year im hoping to save 10-15k.
Then focus on paying off debt
amazing!! repairs are noooo thank you haha
Great video, just a point, it doesn’t matter if you combine your accounts together as it wouldn’t make you any more interest. If you have 5 HYSA each at 4% interest it will make the same amount as 1 HYSA at 4% interest.
true!! its because with that bank you are only allowed one account at the highest interest 😂🥲
@@ZoePritchard that makes sense then! Hey at least we can take advantage of the good interest rates right now!
Where is your sweater from? It’s gorgeous
it's old top shop!!
Is your current emergency fund giving more interest with the more money you have or does opening another account cost anything?
I was just curious since having the money seperate at the same interest rate would get you the same amount of interest as lumping it together with the same interest rate (4%).
Obviously, it seems to be an easier for you to lump them based on the other factors you mentioned, so by all means, but figured i'd ask just in case that was overlooked.
Good luck on achieving your goals this year :)
hi!! it's because I can only have one account at the 4% with this institution :( So if I kept them separate the emergency fund would be at 4% and the rest would be lower.
@@ZoePritchard gotcha! Seems like you got a good handle on your finances and what works for you. Looking forward to seeing the progress this year. Cheers
The only personal finance book I think everyone should read:
I Will Teach You to be Rich
I've read a few others but they all say basically the same thing.
100k video!
Please read I will make you rich by Ramit Sethi. I read it in my 40s and it changed the way I manage my money. There is a US version and UK version 😊
I highly recommend a simple, short easy book that is a Classic: The Millionaire Next Door by Thomas Stanley. Very inspiring and it may help your money mindset and keep you on your path : )
Remember that interest accrued is taxed by the CRA, especially with Wealth simple because those accounts are not tax deffered. So at the end of the year, you might not be doing yourself any favors here. Please look at your marginal tax rates and then plan where you want to allocate your savings accounts. There are way better options with your larger sinking funds than a 4% interest rate that is taxed.
You know you’re an adult when you can relate to having a tooth on your budget list lol. Root canal crown is one of mine. So annoying!
sooo annoying!
I'm missing a tooth as well and got an implant (post+ crown). Getting the grown is critical to keep bone health and your face structure with support of the bone. Dental is so expensive!
Does JP have insurance you can get on?
I gotta get that crown this year haha! The problem is no insurance will cover it as I got the post done before the coverage started (this was the problem when I had insurance through work too) 🙃