Firstly, I wanted to say thank you for stopping by. I hope you can find value in our story. Here is why I decided to share it with you:
1. The motivation for the Mid-Term Goals
Our 3-year goal is to buy a house. I mean 3 years from now. Who wants to wait so long! At the same time, I know that there are “no shortcuts to place worth going”. I find that motivation comes and goes challenging us, the two Spenders, in staying on course (by the way there is nothing wrong in either: being a Spender or a Saver; you just need to manage). It is time for us to become more intentional with money and prepare ourselves for the home purchase.
About the house itself? Good news is that we already know where we want to buy. Having recently visited the show house we can picture ourselves cooking brunch on a lazy Saturday morning. It was indeed a “HD dreaming on steroids” session! Whether we will actually end up buying there or somewhere else is not really important. Our focus, for now, is to quickly get out of debt, save 3-6 months security fund, save for the down payment (deposit), stamp duty (tax) and… curtains and lampshades. All of these in 3 years from now, so we are talking late 2022/early 2023.
Writing it down will certainly help us stay on course. Putting it out there on this blog makes it even more powerful.
2. Share Knowlege, Ideas & Experiences
When I was a teenage girl I did not care much about being tidy, mum was not particularly pleased about it. But there was one place in my room where all the magic happened. It was my desk. All the books were neatly stacked up against each other, pens placed vertically on the desk. While I opened my study books and notepad to do homework I could see a steaming hot cup of tea. This meant only one thing: the class was about to commence.
Holding a pen I used to turn away from the desk facing the opposite side pretending there was a class of 20 pupils in front of me. I would then read the chapter I supposed to study and keep explaining it over and over again to the invisible crowd of youngsters pretending I was the teacher. I guess it was my technique to learn and remember things. I got to believe that:
I will only fully understand the subject if I can explain it clearly to someone else.
20 years later, education still holds strong among other of my values. It also turned out to be one of my strengths. So why not to utilise it on this journey! As I seek out specialists information I hope to make it as easy to understand as possible so you can also benefit from the information on this blog.
Buying a house is only one of our financial goals, of course. That said, I aim to share all the steps we will take along the way to better our overall financial well-being. Stable finances mean less stress and this alone is a very good reason to gain and share new knowledge, perspective and experience. Like the Life Insurance we recently arranged for our family, a real peace of mind!
3. Do meaningful work
Breaking the stereotype which suggests that finance is a man’s thing (certainly the long-term planning) and real ladies do not talk about money is what I consider an important work. I am sure that when you fall in love with someone the last question you want to ask is: …and by the way how do you manage your money? I do not necessary suggest you do it on the first date, but on the second one it should be appropriate (hah). Jokes aside, each of us brings some kind of money blueprint we learnt during childhood into the relationship. Sometimes it is helpful sometimes it becomes a real hurdle. There are certainly pre-marriage courses, handful of them teach how to manage money or talk about it for that matter. Later on in life, it become an emotional topic couple often avoid or argue about. Only 19% of couples share long term investment and financial planning decisions which leaves is with 81% who do not!
On the other hand, studies suggest that partners who share the important financial decisions make fewer financial mistakes. They are also more confident about their financial future, are generally less stressed about finances.
4. Document our financial journey for our own benefit
It will be great fun to look back in 10 years time to see how far we got, which plans did we abandon, which dreams came true, which challenges did we overcome and how much we developed financially as well as personally. Or not! If someone told me 10 years ago that I will be where I am I would have had a good laugh! So, I wanted to celebrate the new 2020 decade with our new financial goals and the Lemos Journey. I hope you get to know us better and that together we can build a community of like-minded people.
5. Showing the real picture of the ordinary family one step at a time
It becomes harder and harder for new generations to climb the property ladder – it certainly is for us than it was for our parents. The average household debt increases year on year while the “buy now, pay later” schemes enable us to have that Instagram-perfect life. Financial common sense is no longer a sought-after commodity. You can die tomorrow – say your mates – give yourself a break. Life is to be enjoyed! Yes, balance is good but that also means one time you go out and the other time you cook at home.
We try to be wise with money (it is not always the case) and refuse to “keep up with the Johnsons”. Being full-time working parents means there is a lot of different balls to juggle but I can promise you one thing: there will be no sugar coating here. Instead, stay turned for graphs, numbers and summaries. And the SPA breaks too!
6. I enjoy the subject!
For long, I have been interested in personal finance and its impact (positive as well as negative) on people’s lives. What differentiates those who succeed at financial well-being from those who are negligent with their money. It is the the character and personality I am interested in more than any social/job status. By sharing our story I want to dive in into the world of personal finance – from behavioural finance, financial planning, budgets, pensions, money leaks to paying off mortgages and other debts. So do join me (also on Instagram) on this exciting journey!