Financial Goals: 2012

Keeping track of your goals gives you a concrete marker to aim for each year. It’s important to do this for yourself, but publishing them here keeps us honest! CF’s goals may change dramatically depending on her employment situation at the end of her degree in April.

 

CF’s Goals

• Emergency Fund: $2000
• Net Worth: $0
• Add $1000 to TFSA.
• Increase RRSP contribution to at least $100 per month.

 

Brian’s Goals

• Personal savings rate of 35-40%
• RRSP balance of $11000
• TFSA balance of $5000
• Emergency fund: $5200

 

Joint Goal

• Make one lump sum payment to the mortgage of $1500
• Contribute a minimum of $5000 to the Condo savings fund.

 

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What are your financial goals for 2012? How do you keep track of them to make sure you’re living up to your word?