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My Personal Goals for 2018

Family Balance Sheet

2017 was a great year, but for some reason I did not create personal goals for myself last January. Aside from a health concern with one of my daughters , 2017 was a great year, however, I was distracted by non-necessities, so my overall theme for 2018 is to use my time more wisely on the people and things that are important to me.

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An Update on Medi-Share – September 2017

Family Balance Sheet

It was effective on January 1, 2017 and to be honest, I didn’t think I would have much to say about it through out the year. We generally don’t have a lot of medical bills–just the usual stuff like annual physicals, some blood work, and an occasional sick visit. Outstanding medical bills: $ 23,047.25.

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Our 2019 Financial Goal

Family Balance Sheet

In 2018, we decided to focus on just 2 main financial goals and before I share my 2019 goals I thought I would give you a recap on 2018. Our 2018 Financial Goals: Finish our Will. In March of 2018, we had our wills, medical directives, and powers of attorney completed by an attorney. It’s similar to a deductible.

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Our 2017 Debt Freedom Plan Update

Family Balance Sheet

Our bills and responsibilities didn’t waiver however, even though our income dipped. A 2017 Update: Since 2013, we have made incredible strides towards paying off our non-mortgage loans. We will apply half of our debt snowball amount to the home equity loan and it should be paid off by October 2017.

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Tax Reform – What it Means for Employees

For the Mommas

With the late December tax reform bill, many employees are wondering how this will impact them in 2018. The tax law won’t apply to the taxes you’re about to file for 2017. New individual tax rates go into effect January 1, 2018. Click the image to compare 2017 tax rates with the new 2018 tax rates.

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Medi-Share Update: One Year Later

Family Balance Sheet

However, on November 1, 2016, we logged on to healthcare.gov to renew for 2017 and found premiums had doubled and the options were limited. We started using it in January 2017 and I wrote all about it, so I won’t rehash it all here. My First Update to Medi-Share – Written in September 2017.

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2023-2024 Tax Brackets and Federal Income Tax Rates

Savings Corner

federal tax rates will remain the same until 2025 as a result of the Tax Cuts and Jobs Act of 2017, but the income thresholds that inform the tax brackets are generally adjusted each year to reflect the rate of inflation [0]. The total bill would be about $6,300 — about 13% of your taxable income, even though you’re in the 22% bracket.

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