Well, it’s late August and I’m just now getting around to my June update… what can I say – it’s summer!!

Have I mentioned I love summer?!

Ahhhh, summer…

Ok, on to our June finances!

  • $10,722 in RESP contributions – We contributed $600 in June, bringing our year-to-date total to $7,140, so we’re very much on track here.
  • Make at least 5 extra mortgage payments – None made yet, but I finally have an update on this!! The arbitration ruling came in on July 10, 2018, and it includes some wage increases. My employer now has 120 days to implement the new collective agreement that came out of the ruling – including making backpayments – which means that I *should* receive my backpay by November 10 (ish). I say *should* because my employer has not been able to meet those timelines in other cases where backpay was owed. In any event, I can finally see the light at the end of the tunnel… And my backpay will be well over what I need to make these 5 extra mortgage payments, so for now, it’s just wait and see until that backpay lands in my bank account.
  • Annual spend under $75K, including at least 4 months under $6K and at least one month under $5K – Our June spend was great, coming in at $5,101.15, and bringing our year-to-date total to $41,466.37. The bad news is that we’re still off target here (although now we’re over by just $4K instead of by $5K), but the good news is that we’re trending in the right direction, and we’ve now got another month under $6K under our belts (2 down, 2 to go). No real expenses of note this month, other than the price of gas is killing us. Because we live in a rural town and commute into the city for work, groceries, etc, we always spend a lot of gas, but with gas prices being sky-high most of this year so far, our gas costs are definitely on the rise. We’ve spent around $1000 more for gas in the first 6 months of 2018, compared to 2017. Oh well, we choose to live in a small town, and know and accept that this is the trade-off…
  • NOT incur any consumer debt – None incurred, so on track.
  • Assemble a binder of financial information – Did not make any progress in June, but still somewhat on track.

Well, that’s June folks! Nothing too exciting… just slow and steady progress…

Hope you’re enjoying your summer as much as I am 🙂

LS