$150, 237 (+1.02%)
Yay- reached my goal- one month ahead of time! It feels great to reach this goal but now I want to set another goal (never satisfied, am I?). A few factors helped in this- one is the acquisition of this website and the other is more scholarship money being granted. However, I haven’t paid for my car insurance yet which is due next month and that’s a whopper.
The new owners of this site have graciously allowed me to keep the ING widget up until I unlock an ING bonus (there’s a little part of me that has OCD tendencies and seeks to unlock bonuses). I think I just need two more referrals to do this. So if you’re looking to get a new savings account- please use the orange key to your right side 
The stock markets were pretty volatile it seems for the past few days. I haven’t bought any more stocks and I don’t really intend to- I would like to focus on buying more bonds or adding more liquidity by increasing in my cash savings.
Also, just to let you know, I have divided the proceeds of the blog sale to average the amount I received when I was the owner for the next year and a half or so while I’m in school. Sorry for the run-on sentence! Basically, I’ll be adding X amount of dollars to my net worth updates every month to reflect the average income I received from this blog.
Okay, so here’s the breakdown for May 2012:
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$147, 159 (+1.01%)
My goal is to reach $150K by June 2012′s update so I think I have two months left to accomplish this. It’s doable but it might be a close call. I’m not going to stress myself over it, if it happens it happens, if it doesn’t, it doesn’t. Maybe the power of positive thinking will prevail and I’ll win a $1000 lottery ticket or something.
You might have noticed that I have put the ING savings account widget back up Every dollar counts and if I can fund my dream once-in-a-lifetime trip faster that would be amazing! I’m thinking that I’ll need a bit more than $3600 for this trip- just did a quick search for flights online and saw that flights cost about $1800-$2000. I like the idea of saving up monthly for a trip or a big personal goal. It adds to the anticipation and gives me something to look forward to.
I’m happy to report that my emergency savings account has surpassed my travel fund account, so I don’t have to be sheepish anymore about having more money in my travel fun-fund than my savings account.
Okay, so here’s the breakdown for April 2012:
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$145, 740 (+3.0%)
Although one of the reasons this month was such a great month was because the markets have rallied to pre-2009 levels, the major reason was because I forgot to include about $2700 in cash in my last month’s TFSA account! (How embarassing- this is what happens when you’re old school and rely on a journal and a pen, versus something like Quicken, to record your net worth updates lol).
Anyway, I’m not complaining. This is analogous to finding $5 in the deep crevasses of your couch. My initial goal for 2011 was to reach $150,000 in net worth by the end of 2011, but with graduate school, reduced income, and other expenses (like two destination weddings) a little voice inside me (call it the rational voice) didn’t think this was feasible. Hopefully by June 2012 I will be able to reach this target.
Okay, so here’s the breakdown for March 2012:
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February 6th, 2012 by
Young
$141, 500 (+1.0%)
Seriously, I have no idea how this happened again but I managed to squeak by (though barely) in positive territory again. January was brutal and I can see why it is so depressing in January- all the bills to pay!
We still have to pay for our home insurance so I’m sure that will put some sting into my net worth calculations for next month. What really helped this month is that I got $700 cash back from my MBNA credit card (yes, all from a no fee credit card!). I have yet to write up a review post for this credit card, but needless to say, my American Express card is back on the back burner (where it really deserves to be since it’s not readily accepted in Canada lol).
Okay, so here’s the breakdown for this month:
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January 9th, 2012 by
Young
$140, 936 (+1.2%)
Let see, what happened this month? Since its January, we have probably mostly survived the aftermath of Christmas shopping (total spent about $400 on gifts) and Boxing Day shopping (I spent $70 on some boots and went to the States on New Year’s Day for some “After Christmas Sales”- bought some great work wedges at Aldo for $38).
Retire by 40 suggested I talk about my total 2011 increase in net worth (which is a fantastic idea). Looking at my old posts, I have increased my net worth this year by $14, 961, which is about a 11.8% increase from January 2011. Ideally, I would have liked to have saved more than $20,000 but I guess I can shoot for this target when I finish school.
Okay, so here’s the breakdown for this month:
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