Financial Goals for 2017
Initial Goals Post – January 2017
February Financial Update
March Financial Update
April/May Financial Update
June Financial Update
July Financial Update
August Financial Update
September Financial Update
October Financial Update
November Financial Update
December Financial Update
Goal #1: Emergency Fund (both human & pet) to $15,000
The stretch goal for this one will be a full $20,000.
Initial balance on January 1st = $6200.
As of September 1st, balance = $13,330.
As of November 1st, balance = $13,495.
Goal #2: Save $59,400 for Planned Spending
- Travel: $3000 >> Completed in April/May
Income Tax: $400>> Not Required This Year!
- More Home Renos: $35,000
- Other Travel: $5000 >> Completed in August.
- Other Savings: $16,000
- *Education Fund: $7500
Goal #3: Retirement Savings & Net Worth
Net Worth: decrease by 32%
RRSP: increase by 15%
TFSA: increase by 155% (small numbers increase in percentages quickly)
Cash: decrease by 82% (spend on renovations)
Taxable Investments: increase by 16%
Goal #4: Monthly Spending Under $8000
2015 average was $7700.
2016 average was $8400.
The goal for 2017 is to be in the middle of those two at $8000.
Personal Goals for 2017
Goal #1: Visit with Family & Friends 2 Times per Month
Goal #2: Read 12 Books
Goal #3: Run 1000 km
Goal #4: Complete 1 Monthly Focus each Month
Goal #5: Complete 1 Monthly Challenge each Month