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Posts tagged with: debt

How to Spend Wisely on Long-Lasting Landscaping Improvements

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Investing in landscaping improvements not only enhances your home’s curb appeal but can also add to its long-term value. However, not all landscaping investments are created equal. Some upgrades may require ongoing maintenance, while others offer long-lasting benefits with minimal upkeep. Here’s how you can spend wisely on landscaping improvements that stand the test of time, while also considering safety and sustainability.

Choose Low-Maintenance Lawn Alternatives

Traditional grass lawns require constant attention, from mowing and watering to fertilizing and weeding. Many homeowners find maintaining a natural lawn to be a significant burden, with roughly 31% expressing a desire to avoid the upkeep entirely, according to Aviva. If you’re among those who want a beautiful yard without the hassle, consider low-maintenance alternatives.

Options such as artificial turf, native plants, and xeriscaping can drastically reduce the amount of time and money spent on lawn care. Artificial turf, for instance, doesn’t require mowing, watering, or fertilizing, making it a great choice for homeowners looking for a long-term solution. Native plants and xeriscaping also thrive with minimal water and care, helping you conserve resources while creating a lush landscape.

Prioritize Fire-Resistant Landscaping

In addition to aesthetic and maintenance concerns, safety should also be a priority when planning your landscaping improvements. Modern homes face a heightened risk of fire, burning 800% faster than older homes, according to the National Fire Sprinkler Association. This means that in the event of a fire, homeowners may have less than three minutes to safely evacuate after a smoke alarm sounds.

To mitigate fire risks, consider incorporating fire-resistant plants, trees, and materials into your landscape design. Opt for non-combustible materials like stone, concrete, and gravel for pathways and hardscaping elements. Additionally, keeping a defensible space around your home, free from overgrown or highly flammable vegetation, can reduce the risk of fire spreading to your property.

Mulch for Healthier Plants and Long-Lasting Results

Mulching is an affordable and effective way to improve the appearance of your landscaping while promoting plant health. It helps retain moisture in the soil, reduces weed growth, and protects plant roots from extreme temperatures. However, it’s important to apply mulch correctly to ensure your plants can thrive.

According to Home Depot, the ideal mulch layer should be two to three inches deep. This depth allows water and air to reach the roots of your plants, ensuring that they stay healthy and continue to grow. Applying too much mulch can suffocate the roots, while too little won’t provide the necessary protection. Opt for high-quality organic mulch, such as bark or wood chips, which will break down over time and enrich the soil.

Invest in Durable Hardscaping

Hardscaping elements like patios, pathways, and retaining walls are great long-term investments that require little maintenance once installed. Choosing durable materials such as stone, brick, or concrete ensures that your hardscaping features will stand up to the elements and continue to look beautiful for years to come. Not only do these materials add visual appeal, but they also improve the functionality of your outdoor spaces.

A well-constructed patio can serve as an outdoor living area, while stone pathways create a natural flow through your garden. Retaining walls can be used to prevent soil erosion and create defined spaces within your landscape. By investing in high-quality materials and professional installation, you can enjoy the benefits of these features without worrying about frequent repairs or replacements.

Consider Sustainable Watering Solutions

Water conservation is a critical factor in any long-lasting landscape design. Installing efficient irrigation systems, such as drip irrigation or smart sprinkler systems, can ensure that your plants receive the right amount of water without wasting resources. These systems are designed to deliver water directly to the roots of your plants, reducing evaporation and runoff.

For even more sustainable landscaping, consider incorporating a rainwater harvesting system. This allows you to collect and store rainwater to use for irrigation, reducing your reliance on municipal water sources. Not only does this save money on your water bill, but it also helps conserve a valuable resource, making your landscaping efforts more eco-friendly.

When planning your landscaping improvements, it’s essential to think beyond immediate aesthetics and focus on long-term benefits. By choosing low-maintenance options, prioritizing safety, and incorporating durable materials, you can create a landscape that looks great and stands the test of time. Simple choices like using the right amount of mulch, opting for fire-resistant plants, and installing efficient irrigation systems will help you spend wisely on improvements that enhance your home’s value and minimize ongoing maintenance.

Checkup – Revisiting 2024 Financial Goals

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I just published a post about my 2025 Financial Goals. It’s nearing the end of the year, so it seems like a good time to reflect back on my 2024 Financial Goals and see how things have gone.

Short-Term Savings

I continue to use CapitalOne360 as a way to save money in short-term savings with lots of different accounts for different things (e.g., Emergency Fund, Car repair fund, Semi-annual fees, etc.). My main goal here was just to stay consistent with savings and I’ve done that.

In addition to Capital One, at the beginning of the year I opened up a brokerage account. I’ve been depositing a little bit of money here-and-there throughout the year (averaging about $50-$100/month).  I wrote recently about how I plan to increase this for 2025 to closer to $200/month. Throughout the year, I’ve also started dabbling with some CDs to earn a bit higher yield on some of my savings. I still have most of the savings totally liquid. But I’ve established 4 different CDs, one maturing each quarter, so I have a rotating pot of liquid cash available.

I’d say I MET my 2024 short-term savings goal.

 

Investments

I increased my investments from $10,650 in 2023 up to $15,490 for 2024. And I’ve projected to increase my investments even more in 2025, up to just under $20,000 for the year. Note, this is not including my mandatory retirement account where I invest 7% of my salary that is matched dollar-for-dollar by my employer (for a total of 14% invested off the top of my salary).

Again – I’m going to give myself a check mark for investments. 2024 investment goal met (and it continues!)

Debt

I didn’t have a big, huge debt goal for 2024. My only debt right now aside from our mortgage is my student loans. I continue to make a monthly payment on those loans. Each year I submit paperwork to verify my employment for my eligibility with Public Service Loan Forgiveness. Right now, I have 24 remaining payments before I am eligible for PSLF. The loan forgiveness program requires 10 years of payments while working in the public service field.

Why is my eligibility date November 2026 instead of August 2025 (which actually marks 10 years at my current job)??? I don’t know. Navigating the student loan industry has been one of the most challenging and unnecessarily confusing things I’ve ever done. I swear the paperwork for buying a house is simpler and easier to understand! So I’ve resigned myself to the fact that my debt will be forgiven about a year after my initial predictions. I’ve still got two years to go. In the meantime, I’ll continue making my monthly payments. My goal (continuing status quo) is met.

Travel

One of my goals for 2024 was to travel! I went to Peru in February for work (but tacked on a weekend at Machu Picchu for fun). Hubs and I went to Italy in April/May. And we’ve had several short little weekend trips of all types – the whole family, me alone, me with hubs, me with my mom, etc. I really made the most of my sabbatical this fall. Another item from the 2024 Financial Goals list checked off!

Summary

Woohoo! It looks like I met all of my 2024 Financial Goals and then some! I increased my savings and investing even higher than I’d originally expected and I plan to make further increases for next year. I’m up for a promotion for next year and, if that goes through as expected, I’ll be eligible for a raise at the start of the academic year next August. That will help me to further increase my savings and investing and maybe by that point I’ll have hired a wealth manager or financial advisor to help us with some of our investing strategies.

What are your 2025 financial goals? How did you do on your 2024 financial goals?