Let's take a look at how I did with my August goals:
- Reduce my revolving debt to $18,000 - I missed this one by nearly $80, coming in at $18,078.20. August had us hosting friends from the U.S. for a week, as well as spending some time up at the cottage, so there were a number of exceptional expenses that needed to be covered. Excuses are all well and good, but the end result is that I paid down the debt by less than I was hoping for. Still, a $576.02 reduction is nothing to sniff at.
- Grow my Emergency Fund to $1,900 - Once again, things look rosier on the savings front than on the debt reduction front. I ended August with an Emergency Fund of $1,912.41 in total. This gives me a nice cushion between my bi-weekly paycheque and Ms. Loonie's semi-monthly payday, while also putting me comfortably above the $1,500 target I set for the year.
- Run at least twice per week - Fail. Between hosting our friends, traveling to the cottage, and getting caught up at work, my exercise plans were thoroughly derailed. I did do a fair bit of waterskiing and swimming at the cottage, but I didn't manage to fit in any running.
- Try two new recipes for foods that we would usually buy prepared - I'd call this a success. Ms. Loonie and I made gazpacho this weekend, and I whipped up a few batches of guacamole throughout the month. The soup was delicious, as well as being easy (and fun) to make, so I think we'll be making it again soon. I think I'll be setting more goals like this, to give myself some "project" meals to prepare over the months to come.
Online Savings - $2,608.31
Self-Directed RSP - $44,073.75
Employer Group RSP - $7,517.73
Revolving Debt - $18,078.20
Student Loans - $25,420.83
Net Investable Assets: $10,700.76
Net Liquid Assets: ($40,890.72)
A number of irregular expenses and gift purchases hit my Freedom Account this month, so even with the growth in my Emergency Fund, my cash savings dropped by $245.55. However, thanks to a market uptick at the end of the month, my retirement investments finally showed a month-over-month increase, growing by $1,290.77, for a net growth of $1,045.22 in my investable assets. I was able to knock $576.02 off my revolving debt, in addition to progress made on our student loans.
Overall, my net investable and net liquid assets increased by $2,180.39 and $889.62, respectively. My NetworthIQ profile has also been updated (including loose cash, home, car and mortgage). It's nice to see my RRSP grow by more than my monthly contributions for a change, and the substantial growth in all three net worth metrics is encouraging.