~ We repaid a $3000 'floater loan' from family, that was borrowed in June to pay for childcare expenses
~ paid over $2500 for business supplies that are necessary. However, one large ticket item ($1600) isn't exactly what I needed, so I will be exchanging that for a higher priced item that is better suited to my needs
~ put $500 into my long-term RRSP mutual fund account
~ put $100 into the RESP mutual fund and started a $25 monthly deposit into this fund
~ transferred $300 from one RRSP savings account with bank 'B' to a similar account with bank 'A'
~ set up a $25 bi-weekly deposit into the RRSP savings account (this has become our savings account for a down payment on a house of our own someday)
~ paid our annual renters insurance of $257 almost a full 2 months early
~ put $100 into each of the kids bank accounts
~ put money into each of the following: Xmas fund, Emergency fund, TFSA, Auto fund, and Vacation fund
~ DH has also independently started putting money aside in his savings account
- There is less than $500 owing on the credit card in Hubby's name.
- There is less than $1000 owing on the last department store card we have.
- The active credit card in my name has a $300 balance.
- The inactive cc in my name has a balance owing of $2500.
- Our business has an outstanding debt of approximately $6000.
- I have a debt to CRA for approximately $14,000.
- Savings acct 1: $220.00
- Canada Savings Bonds: $840.00
- Xmas Acct: $78.81
- Vacation Acct: $36.28
- TFSA: $48.94
- RRSP Savings Acct.: $75.33
- Emergency Fund: $250.00
- Auto Acct: $25.00
- RESP Mutual Fund: $1,730.19
- RRSP Mutual fund: $2,324.18
- RRSP House Fund: $350.10
This year, our business didn't get a large lump sum contract as usually happens in the spring. Instead, there was only a four month extension on the current contract. So instead of budgeting with figures in the $30,000 range, I was budgeting with figures in the $10,000 range.
So there you have it. We are actively putting money into various savings pots in order to reach our goals. Looking at the balances, I thought they should have been higher, but sadly are not. I suppose that's partially why I look at the financial snapshot from time to time, to see where we could be doing more.
Tomorrow, I'll list our financial goals and dollar amounts, in the order that I have prioritised them.
Questions, comments, concerns? Post a comment and I will actually try to reply to each and every one of them.