The month of February wasn’t too exciting. We continued to stick to our budget and debt payoff plan. No adjustments needed as yet we’ll maintain our course trajectory.

With the rapid rise of housing, food, and transportation such that you might consider eggs a luxury item, wages aren’t able to keep up with inflation. Increasing income should be a top priority and the most effective way to get a pay raise big enough to beat inflation and get ahead is to change jobs.

Concealing credit card debt, hiding purchases, or extra money, even with good intentions, is hardly ever a good idea. The underlying cause is typically a relationship issues, and without focusing on the root of the problem risks your financial security and your future.

High inflation, increasing interest rates, and perpetually low inventory makes Hawaii an especially challenging market. The most recent Market Insights from Redfin shows that the median sale price of a single family home in Honolulu County is $1,040,000.

Back in September 2022 Oahu shut down the last coal-fired power plant in the State of Hawaii as part of the plan to meet the Hawaii’s mandate to transition the state to 100% renewable energy by 2045.

This is what a $100K salary looks like after taxes in Hawaii.

There’s a saying that America was built on credit. So much so, that it’s considered a way of life that we struggle to imagine our lives without it.

Inflation may be cooling, but since rates and prices remain high, this will require us to adjust our financial plans weather this environment and maintain the trajectory of our debt-free journey within 3 years.

The first month of the year is done, and 2023 is off to a slow start! It’s time to reflect on the past month to hold ourselves accountable on our 3 year goal.

Good debt can be defined as money owed on things that build wealth or increase income over time.