Our Yearly Financial Goals: An Update

Canada Money

September was another slow month for us, money wise. Fortunetely, October is looking very good, so I’m sure this time next month I will be able to update with much more exciting news!

My main goal this month is to work on increasing my income. I have a bunch of ideas – let’s just hope at least one of them works out! (For those that have emailed me, asking what I was doing to increase my income, I make 99% of my money online. If you are interested in doing the same, visit my make money online article.)

Replenish The Emergency Fund
Done!

Re-start RESP Contributions
I can’t believe we haven’t done this one yet. I’ve been to the bank a handful of times, but I am usually only able to make it over there around 7:30pm (when Richard is home from work and I can use the van), and at that point, they are not taking anymore appointments.

This WILL get done in November! Even if it means we have to take some time out on a Saturday to go in.

Review Yearly Expenses Account Balance
Done! We were under budget by a few hundred dollars, and that amount went right into our house savings.

Increase My Income By 40%
Working on it…

Increase House Savings To 35%
We were able to add a bit of money to our house savings account this month, but not very much. Luckily, October is off to a fantastic start, so I know we will be able to put away a hefty chunk of change this month!

Set Aside About 25% Of RRSP Savings
I really don’t think this is going to happen. I’m not removing it from the list, because I’d still like to try, but things aren’t looking for good for this goal.

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Comments
  1. Erin says:

    I would love to set up goals for myself as well, just not sure how to start. Any hints and or tips would be great. Really doing my best to cut back on meaningless spending and get our debt under control. For some reason it is easier to talk about it then to do it. I think with a goal list it would give me more incentive to keep at it! Thanks for posting this. 🙂

    Erin Young

  2. Laurie says:

    I would love to do something like this do you use a spread sheet or anything that you could share???

  3. Mrs January says:

    Erin: A small list of goals is definetely helpful and a good place to start. 🙂

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