Sunday, January 15, 2006

Goals and More Goals - 2006 Continued

I did want want to break down my 2006 goals in a little more detail. I am planning the following savings per month:

The first half of the year will be woeful for savings. From January - May I will be paying down the balance of some uuuggly consumer debt- something we will touch on in more detail once we review January at the end of the month. Come the end of June I will also max out my EI and CPP contributions. August looks high due to my annual bonus.

You will note (and I am painfully aware) that this plan shows ~20K in savings while my goal for 2006 was clearly stated as $10K in contributions to my non-registered account. The other 10K will be spent on/used towards:
  • New home needs new furniture - though I would be much more excited about investing this money, I am told it is culturally normative to have some of this.
  • Both my brothers are getting married this year. One lives across the country, one lives across the Atlantic. What gives, eh?
  • Though its hard to imagine presently, I'm sure the dog days of Southern Ontario summer will drive even me to get an air conditioner come July.
  • 2006 marks my 10 year wedding anniversary.
My RRSP contribution of $5K will be based on monthly contributions (from source) of $389 as well as a chunk of my anticipated bonus.


Anonymous Anonymous said...

wow! you are the planner that the rest of us cool kids make fun of! seriously tho, very impressive. none of my goals are ever this well-laid out. I just tend to pick a direction or attack, and off I go :)


1/18/2006 12:15 PM  
Blogger Humble Investor said...

Hmm once upon a time I too was a cool kid until I stumbled across my first version of MS Money. It's been all downhill since :)

1/18/2006 7:48 PM  

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