May 2009 Financial Ratios

Another month past with no complaints here…

Month’s Living Expenses Covered Ratio: On goal that we would like to focus on over the next 3-6 months is getting our MLECR over 12 months.  Although I’ve only got our goal (recommended) at 3-6 months we have decided that since we’ll be buying a bigger car in the future it’d be best if we could get this over 12 months since we’ll be taking a big chunk out to get a car.  Starting in July we are switching health plans at my work so we will no longer have contributions to our HSA, but rather regular savings.

YTD% Growth: We are right on pace to hit our goal of 50% networth growth for the year.  With 7 months to go we are more than halfway there.  However, we are going to have to find a way to get another nice increase since we won’t have a tax refund during the second half of the year

*For an explanation of my ratios and how they are calculated check out my 3 Financial Ratios posts (Liquidity Ratios, Debt Ratios, Saving Ratios, & Networth Ratios).

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