Well, here it is, the moment we’ve all (well, me anyways) been waiting for!! The suspense is killing me – Did we achieve our 2017 financial goals?? Did we fail? Did we pass with flying colours or just squeak by??
- $12,500 in RESP contributions – We invested $400 in our kids’ RESP in December, bringing our year-to-date total to $12,660 so GOAL ACCOMPLISHED!! As a bonus, we also contributed $3,780 to our TFSA…
- Increase automatic investment amounts ($500/month excluding pension contributions at Jan 1) – This was my ‘pay myself first’ goal, and in the first half of the year, we increased our auto-investments from $500 to $900/month, and in the latter half, we increased them even more, to about $1,240/month, so GOAL BIG-TIME ACCOMPLISHED!!
- Annual spend under $80K – This is the one I wasn’t totally sure we’d achieve… Our December spend was $7,051.59, which brings our total 2017 spend to… wait for it… $78,939.80!! WOOT WOOT!! This was a close one, but GOAL ACCOMPLISHED!!! Some expenses of note this month:
- $1000 for a 5-day trip to Ottawa (not including flights, which were paid for earlier this year) to attend Roar of the Rings, a curling tournament to determine Canada’s Olympic representatives (congrats Team Koe & Team Homan!). This might seem expensive but for a curling fanatic like me, it was an ahhh-mazing time and so absolutely worth every. single. penny.
- $850 in gifts, Christmas and otherwise.
- $415 in sports-related expenses.
- $355 in medical costs (most of which will be recovered through our work health plans).
- Increase our saving % (20% at Jan 1) – We ended the year with a save percentage of about 38% of our net income, so GOAL BIG-TIME ACCOMPLISHED!!
- NOT incur any consumer debt – None incurred. GOAL ACCOMPLISHED!!
- Declutter at least 2 things a day – I may or may not have accomplished this, but I have no way of knowing because I stopped tracking a long time ago… GOAL ABANDONED (I just had to end this update on a bad note, I guess!).
Wow, other than one abandoned goal (which I’m totally fine with), we met each and every one of our goals!! Super, right?! Or is it just beginner’s luck? Or were our goals a little too easy?! Did we not push ourselves quite hard enough? Well, whether that’s the case or not, I’m so freakin’ happy with the results, I’m not gonna ruin the feeling by questioning the goals!! I truly believe it’s just the power of writing goals down…
Here’s hoping your 2017 was as successful as ours!! And if you didn’t set any goals in 2017, well… why the heck didn’t you?!?! No matter… just don’t make the same mistake in 2018!