And just like that, 2015 is finished. I can’t believe that 2015 is already over. Time really does fly when you’re having fun (sorry to talk in cliche, I feel like I am writing in my high school graduation write-up).

I, like many people, like to take some time at year end to reflect on the goals or resolutions that I set out to achieve this year and review whether or not I have achieved my 2015 personal finance goals.

Max Out the TFSA

When I wrote the original post one year ago, I had no idea that Stephen Harper would dangle the carrot and increase the TFSA contribution room to $10,000.  Immediately after they announced it, I filled up my TFSA to the max  $10,000 for 2015.

So, I think I can safely say that this goal is:

Achieved

Max out the RRSP

I was able to  max out the RRSP, which consists of stocks in my Questrade RRSP, a TD e-series account, and a GIC.  I rebalanced my TD e-series account (after three years of not rebalancing) and needing to buy more funds to rebalance, hence I was not able to continue my $200 a month of contribution and instead reduced my contribution to quarterly.

This goal is also:

Achieved

Rebalance Regularly

Writing down when I should be rebalancing definitely helped me to remember to rebalance.  I was able to diligently rebalance on a quarterly basis and even managed to rebalance further by re-making my portfolio in an investment portfolio makeover!  Now I am just buying new VAB, XIC, and VXC on a monthly basis.  I keep a much smaller proportion of the portfolio in equities (I just can’t let go of those dividends completely).

I would say that this goal is also:

Achieved 

Increase Networth to $385,000/$400,000

I had a goal to increase my net worth from $350,000 to $385,000, or $400,000 if you include my defined benefit pension contributions.  My monthly net worth updates chronicled how I was doing with an aim to achieve this.  I definitely achieved the latter goal, increasing the net worth to $400,000, however, the former goal was much more difficult to achieve.

As of my most recent December 2015, I have $3900 remaining and 30 more days to see if I can reach this target.  Hopefully I can mark it achieved as well!

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Spend Less on Traveling and shopping

I aimed to spend less than $5000 annually in my travel budget, which seems like a lot but given that I went on multiple trips this year, it was just enough (actually I am under budget by $100 haha).  I went to Phoenix, Hawaii, Asia for two weeks, camping twice, a road trip to the wine country of B.C. for a weekend in the summer, and on a road trip down a portion of the Oregon Coast.

I saved money by using my Aeroplan points for a Hawaii flight.

In addition to the ‘spending less on traveling goal’, I also endeavoured to do a shopping ban every other month.  It actually worked out nicely, on the months that I could ‘shop’ were also the months I was away so didn’t have to feel bad about shopping.  It also helps because if I wanted something I could just wait until the month after (and in the interim, re-evaluate whether I actually wanted it).  I ‘saved up’ for my new toilet (and it was probably the best purchase of 2015 ever).  I would say I have definitely cut down on my spending on clothes/ accessories/ shoes.

I might have cheated a few times, like spending under $5 for something like a treat for myself, but usually I was pretty good.

I would say that this was:

Achieved

Read 4 Financial Books

My goal was to read four financial books in 2015.

The four financial books that I read were:

Thankfully this is also:

Achieved

Readers, what were your 2015 personal finance resolutions?  Have you achieved them?

Article comments

2 comments

Great job achieving your goals this year. It’s nice to be able to look back and see that you’ve achieved pretty much everything you’ve set out to do.

I didn’t achieve all my business goals this year (I don’t really track personal goals right now). I’m looking forward to a good 2016 though as I have a solid plan and extra time for work that I didn’t before to reach my goals.

Young says:

@Stephen- Thanks! Yeah, that’s always a good feeling. Here’s to an excellent 2016! That’s good to hear you’ll have more time for your business goals, always a nice feeling not to feel so wrapped up in the grind that one doesn’t have time for goals/ development.