May 2013
Assets
Cash - 7.1K (net of CCs and o/s cheques)
Investments - ~58.5K
Total - 65.6K

Liabilities
LOC (4%) - 15.5K (decrease of $12.5K)
Other (0%) - 9K (increase of 9K)
Total - 24.5K

Net - 41.1K (April: 36.7K March: 35K Feb: 25.3K)

Quick Overview
In general, we had another good month. Net worth increased again and we exceeded our targets for debt reduction by $1,000! The net worth increase is primarily driven by 3 pay days for both my husband and me along with some additional back-pay that I was owed from my last raise. Our income was about $5K higher than any usual month. You'll notice some changes in the liabilities as we've been able to obtain a 0% interest liability which saves us about $30/month in interest. This may or may not be required to be paid back at some point in the future and hopefully we'll gain an additional $10K of room here. Once we're done paying off our LOC, we'll start saving in a fund to be held in cash to repay this loan if required. We also paid for another June vacation this month - we are doing a weekend away at a golf and spa hotel in a few weeks.

A review of May goals:
1. Pay down debt by $2,500. SUCCESS!
2. Continue to control spending at 19% of take-home pay. Not so hot here. We were at 26%. On the year, we are at 24%. We generally have a hard time sticking to our spending goals. This month, a few categories killed us: restaurants (we took our parents out for dinners as a "thank you") and clothes purchases.

June goals:
1. Pay down debt by $1,000.
2. Control spending at 28% of take-home pay.
3. Find new housing. Right now we are paying $1,225 for a 3 bedroom, 2 bath basement apartment but we are having some problems with our landlord so we are looking to move. We hope to find a place in June for a mid-July or beginning of August move date for about the same amount that we pay now.

Progress towards 2013 goals:
1. Pay down debt by $35,000 (YTD: 24,100, 69%, on track)
2. Save $9,000 via defined contribution benefits (including employer match) (YTD: 3,808, 42.3%, on track)
3. Donate $10,000 (YTD: 3,425, 34%, a bit behind but will get caught up)
4. Keep discretionary spending (defined as groceries, phones, internet, purchases, entertainment and gas, maint, other car costs) below 20% of take-home pay (YTD: 24% (actual), a bit behind)
5. Take time for at least 3 vacations (even if it's a weekend away) (YTD: 3 with two more planned: June weekend a golf/spa hotel and a week in Florida in July)