Whatta month! Phew!

Hello, hello.

It’s the beginning of another calendar month and whatta month it’s been! As you read last month my goals for September were;

Networth September 2010

Make a $100 lump sum mortgage payment    Actual: $100
Reach $400 in emergency savings      Actual: $404.46
Contribute $100 towards student debt   Actual: $110.00

Looking back:

I am very happy to be able to report that I made all three goals! Here’s a short rundown of the month;

I was only about 200 short at the beginning of the month before my next paycheque came in, I am still living cheque to cheque but I am making good progress. I also found out that my old ING account was still active and has been accumulating small bits of interest – go figure huh! It now has $3.46 in the account.

Looking ahead:

Although I tried VERY hard to curb spending, I did still spend more than I should have on unnecessary things. I also had to repay my father for lumber that he bought for us to work on our shed. I still owe him a small sum.

For October we have the snow removal bill arriving much too soon, just over $400 that we don’t have yet and I want to repay my father the money I still owe him. I will also very likely end up having to spend more on materials to finish our shed in time. I’ve started paying extra taxes now on every paycheque, which ties in with my previous post about letting the government hang on to your money. It may not make much sense to you now but we’ve got a big property tax bill coming up and I’m finding it incredibly hard to save for with all the other bills we already have! Paying extra taxes every cheque makes me miss the money less and will hopefully result in a refund equal to the amount I will owe the municipality for property taxes. *sigh* life is expensive!

My goals for October are:

Make a $100 lump sum mortgage payment
Reach $500 in emergency savings
Contribute minimum towards student debt
Repay rest of debt dad
– Work on getting vehicle fixed(license, registration, inspection and repair all need to be done this month!)

As you see I do not have very lofty goals this month, I am trying to be realistic about things. I am only planning to save $100 and pay an extra $100 towards the mortgage, the rest of the budget is allocated for bills that are coming up! I think by planning conservatively I am not putting a strain on myself by trying to reach unreachable goals and I can only come out positive at the end of the month by exceeding my goals!

But… enough about my stuff, what are your goals this month? I’m really goal oriented… as you can see^ Do you set goals, why or why not?

PS: If you’re looking for previous financial stat updates, June and July and September can be found here, here and here and the rest can be found collectively under the Debt tab.

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