Another month has passed again… So it is once again time to do a quick update on my financial goals for 2017. I will admit now that I didn’t actually do this exactly at month end, so my values might be a little off… No big deal.
#1 – Emergency Fund
A good month for the emergency funds… The first stage of the human fund is done, so now to concentrate on the pet fund a bit, before trying for the second stage of the human fund…
Human Emergency Fund = $10,000 (+$3260)
Pet Emergency Fund = $2230 (+$905)
#2 – Planned Spending
I was gifted some money from my grandmother this month, so we were able to put that towards some of our planned spending goals.
- Travel #1: $3650 / $3000 >> We spent more than we had planned…
Income Tax: $0 / $400>> Turns out we both got a refund this year!- More Home Renos: $4000 / $35,000
- Other Travel: $3700 / $5000
- Other Savings: $0 / $16,000
#3 – Net Worth
We have once again had an increase in our net worth. This time we are actually higher than where we were at the beginning of the year. I know, I know… I keep saying that our goal is to decrease our net worth and actually spend our renovation money on our house, and instead of spending, we keep saving… But don’t worry, we spent a chunk of money this month, and the renovations are going to start going through in full swing in about a week or so… I promise that you will start seeing movement downward here soon.
#4 – Monthly Spending below $8000
Whoops. We are over… Not quite as high as February, but close… I sort of foresee the next couple months being expensive too… Especially when it comes to food… We are renovating our kitchen, so we will likely be without a functioning kitchen for quite a while… Which will likely mean eating out and getting takeout a lot more. Not to mention that the summer months are always our most spendy…
So, May wasn’t 100% successful, but I am pretty happy that we finally have our emergency fund fully funded, and are working on the pet fund.
How was May for your finances?
All-Round Better Me 
Thanks for the inspiration. I’m going to review my goals as well.
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Sometimes I think I go over my goals too often and I don’t see a lot of progress, but sometimes I think going over them often keeps them fresh in my mind so that I don’t lose sight of them…
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How is your morning routine coming along. You outline it in January. Is it working for you?
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Well… Yes & no? Ha ha! When I pay attention and actually follow my morning routine, it works great. However, I have got out of the habit a bit, and need to work on it a bit more again.
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Great that you have a pet fund going! I think anyone with pets should have one in place!
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I was debating if I wanted to get pet insurance, or have a pet emergency fund. But when it came down to it, with our 3 animals, it made more sense to create an emergency fund for them all to share.
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When we did our kitchen reno, I used the crock pot to make meals at home. It works great! Also we bought a hot plate (just like dorm cooking).
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That’s a great idea! I don’t actually own a crock pot, but my mum does, and it’s not typically something that she uses much in the summer months anyway… I will ask to borrow it. We were thinking of eating mostly things we can grill on the BBQ in the backyard… We eat a lot of BBQ in the summer normally, so it won’t make too much of a difference… in theory anyway… We will see how it actually turns out…
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