$132, 262 (+ 2.4%)

Some of you might have noticed that I haven’t done a net worth update in a while.  At first, I decided to stop posting my updates because of all the negative comments I was receiving on my home purchase.  Then I decided to compromise, because really, a personal finance blog isn’t personal if I don’t share some detail with you all

  As silly as it may sound to some of the readers that are bearish on real estate, I am planning to live in this home for 5-10 years (or maybe more, who knows) and did not primarily purchase it for investing reasons.  We just wanted a place to call our own.  The thought of this piece of land being “ours” really hit home when I decided to grab a shovel last weekend and dug up a garden in the back yard.  It was quite a surreal experience.

The renovations and everything are all done to the money pit house and now we’re in the process this month of finalizing everything and finding a tenant for downstairs.  We just have a few minor things to do before we can start taking pictures of the suite and getting it ready for Craigslist.

Okay, so here’s the breakdown for this quarter:

More money Pictures, Images and Photos


CASH: $10956 (-13%)

  • The cash accounts took a hit because we finished paying off the contractors for our renovations
  • Boyfriend and I have a joint account which our mortgage is deducted from, and our own personal accounts
  • I added up my chequing and savings accounts (High Interest Savings Account). I automatically deduct money from my chequing account and have it siphoned to the HISA account (paying yourself first)
  • I have $1592 saved up for my goal of climbing Mt Kilimanjaro (highest peak in Africa) within 1-2 years.  If you want to help contribute to my personal lifelong dream, feel free to sign up for an ING account with my orange key.  You’ll get $25 if you start an account with $100, and I will get $25 too.  How’s that for shameless self promotion? 😉

STOCKS: $17216 (-13%)

  • Don’t worry, I haven’t been doing poorly with the market.  I sold 75 shares of Encana in Canadian Funds for a profit and moved about $1500 into my RRSP to max it out this year.  I bought some USD (since our dollar is so good right now) and bought shares in an American corporation.
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts. I added up USD and CAD stocks as “Canadian” money to be simplistic (even though our dollar is high now)

RRSP: $11088 (+27.2%)

  • This includes the pre-authorized monthly contribution into my TD E-Series account (primarily bonds), a GIC in my ING Direct Account and my new Questrade RRSP account.
  • I have about $700 contribution room left to max out my RRSP for 2011.
  • I owe about $16,000 to myself in my RRSP because I used the Home Buyers Plan, but I won’t have to start repaying until 2012.


  • If you’re wondering what I hold in my Other investments- check out my post long story
  • I have some investments that were poor choices (I signed up for them before I became self “edumacated”) that are losing money big time. In order to receive a tax credit, I got persuaded into buying some flow through shares, Venture investments that gave out a tax credit, and some more mutual funds about four or five years ago.
  • This lonely mutual fund hasn’t been moving much, unlike the rest of the market. Once I hit January 1, 2012 I’m going to take my money back and run 😉

TFSA: $7793 (+39%)

  • I bought Exchange Income Corporation, Just Energy, Keg Income Trust, and Sunlife last month.  So far, my TFSA portfolio is up only about 2.5% not including the dividends.
  • I JUST got my tax refund in the mail the other day of $1033 and put it straight into my TFSA (talk about will power, eh? Didn’t even stash any of it in the travel fund!)
  • I signed up for a Tax Free Trading Account with Questrade and my TFSA consists 100% of stocks
  • I have about$8,000 I can put back in this year to avoid the penalty from our good friends at the Canada Revenue Agency.  We are allowed $5000 a year and this is year 3 of the TFSA, so one can have $15000 in their TFSA.


  • My car is 11 years old and still running well. Boyfriend has been pressuring me to get a new car (is it a guy thing?) but I like my 11 year old car.  Next month I have to pay insurance (boo-urns!), which costs $1500 though I get a 10 year driving discount which apparently saves me $1300, according to what my government insurance corporation says.


  • I know this it does not make any sense to divide the principle residence and mortgage debt by 50%, but since I cannot disclose my boyfriend’s financial information, I will do it this way to simplify things.  Some of you may not agree to that, and I understand.
  • Vancouver is an expensive city to live in, and many people predict that there will be a housing collapse, especially in a place where their is such a disparity between income and housing price.  The Vancouver market was actually quite unscathed compared to the depressed housing markets elsewhere, and many people believe it is sorely due for a correction.
  • We plan to live in this house for 5-10 years or even more, and we are prepared to “suck it up” if it corrects by more than 25%.  Our house is in a favourable location in the city, and our neighbours have sold recently for about 30% more than what we paid for our house.


Mortgage Debt: $305075 (-1%)

  • It’s an accelerated bi-weekly payment (-4 years from amortization) and we plan to add on what we get from our rental downstairs to pay the mortgage off faster.  Target pay off= 15-17 years.

Credit Card: $527

  • I pay off my full amount every month (and folks, it’s VERY important you do so otherwise you’re losing out on a 19% return!) but include it in my net worth update so I have an accurate picture of my actual net worth. I sort of think “If I were to sell everything right now, what would my net worth be?”
  • I basically charge everything to my card to reap the benefits (free flights and hotel stays here I come!)
  • I got the SPG AMEX card for a few months already and have been using it as often as I can (compared to the MBNA travel elite card) but American Express isn’t accepted everywhere here in Canada…which is a hassle.
  • BF and I got the Royal Bank Avion Infinite Card as our joint credit card (free for one year since we have a mortgage with RBC! So will be using it and letting you how I like it- I would of course never pay $170 a year for this, but since it’s free for one year, why not?)

Want More Tips On How to Earn, Save, Live?

Just say the word, and we'll deliver our weekly update straight to your inbox.  You'll also get access to our FREE eBooks on ETF Investing and Buying a House in Canada, as well as special offers exclusive to Young and Thrifty readers.

You have Successfully Subscribed!

Pin It on Pinterest