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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:


CASH: $12, 722 (+5.6%)

  • More money Pictures, Images and Photos

    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 $2800 saved up for my goal of climbing Mt Kilimanjaro (highest peak in Africa). I’m automatically deducting $100 a month from my bank account into this travel account. I’m about halfway there. Here’s my shameless plug: If you are Canadian and want to help contribute to my hiking fantasy, feel free to sign up for an Tangerine with my orange key: 33530953S1. You’ll get $25 if you start an account with $100, and I will get $25 too. :)
  • My goal is to save $5000 in my emergency fund by the end of the year.

STOCKS: $7993 (-23%)

  • Basically all that’s left in my non-registered account is USD stocks and the lonely stock left in my BMO investorline account
  • The BCE (Bell) holdings I have are doing nicely (pretty much the only thing doing nicely!) and up 39%.
  • I moved the $2000 from the sale of Shoppers Drug Mart to my TFSA
  • 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

RRSP: $12800 (+0.18%)

  • This includes the pre-authorized monthly contribution into my TD E-Series account, a GIC in my ING Direct Account and my new Questrade RRSP account.
  • I am seriously thinking about maxing out my TFSA instead, if I am not able to max out on both (read my TFSA vs RRSP great debate over here) from now on, as I will expect to have defined benefit pension when I retire.
  • I’m not including my defined benefit pension
  • I owe about $16,000 to myself in my RRSP because I used the Home Buyers Plan for my down payment.  I haven’t decided whether or not to pay it back this year or have the 1/15 amount included as income.  Since I’m in school, my income has decreased substantially so it might be feasible to just let the amount get added as tax for 2012 (remember RRSP’s are all about tax deferring!)

TFSA: $22,022 (+7.8%)

  • Most of this portfolio has bounced back nicely, especially my KEG.TO stock (lol! Don’t forget the $20 gift card for Keg Steakhouse they sent me as part of the annual report last year).
  • This month I received about $100 in dividend payments.
  • Watch out for TFSA over contributions, guys, the CRA will get you for every last penny.
  • I signed up for a Tax Free Trading Account with Questrade in 2009 and haven’t looked back!
  • I have maxed out my TFSA contributions for 2012


  • I am not counting this in my net worth, because it’s 12 years old.
  • I gave treated my car to an interior and exterior wash to the tune of $20!  I know its pricey but I felt that it was well worth it.  Sitting in my disgusting car (there were dog treats between the seats, that’s how bad it got!) made me depressed.  Now it’s all beautiful on the inside and outside!
  • Just got my brakes checked for free (part of the warranty) and he says there’s plenty of padding left.

PRINCIPLE RESIDENCE: $387,500 (0.0%)

  • 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.


Mortgage Debt: $295, 086 (-0.32%)

  • It’s an accelerated bi-weekly payment (-4 years from amortization)
  • Our basement suite is rented out so this takes the sting out of me going to school and dropping my income

Credit Cards: $792

  • 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 guess I shouldn’t put it in the liabilities column since i pay it off regularly, BUT in mint.com it’s under the liability column so I’ll do the same.
  • I charge most of my expenses on my card to reap the benefits (for example, I got $700 cash back using a no fee credit card!)

Article comments


Great work! Killer stuff on the TFSA!

young says:

@MOA- Thanks! I’ll be upating my TFSA acquisitions in a few weeks. 🙂

popthoughts says:

So impressed that you can save money despite working fewer hours and paying for school. Such an inspiration!

young says:

@popthoughts- Awe thanks! It’s a struggle for sure. I guess being so busy that I dont’ even have time to buy groceries or eat properly or exercise is a plus?? LOL I don’t think I’m very inspirational in other department at all.

You are doing great! It won’t be that long before your net worth is in the 7 figure range!

young says:

@MMD- You mean like 30 years from now? 😉

Bryan R says:

You go girl, as I say. You are doing a great job, keep up with encouragong others. I only wish I would have gotten on this bus 30 years ago. On the right track now, just have to get through the bumpy ride for a while.

young says:

@Bryan- lol thanks man! Hey, it’s never too late to hop on the bus Bryan 🙂 Think about all the things you didn’t have to sacrifice when you were younger 🙂

$150K is within striking distance! You are an inspiration. Kilimanjaro sounds amazing – I think Bridget at Money After Graduation also wanted to go. Maybe you guys can do a blogger climb. 🙂

young says:

@WHB- Awe thanks girl! Lol oh yeahh if we do a blogger climb we could blog about it. It might read something like this : Day 3: THIS SUCKS MY LEGS ARE KILLING ME AND I WISH I DIDN”T DO THIS! WHERE ARE THE TOILETS? Day 8: AHH the view was lovely! I’m glad I did this.

Frugal Fries says:

I agree! Your blog is definitely a motivator for me too 🙂 Good going on everything!

young says:

@FF- Awe thanks! Your graphics are a motivator for me to pick up a pen and be artistic again (alas I think that side of my brain has been dormant for a while unfortunately).

Leigh says:

Woo! I am still so impressed at your net worth going up while you’re in school 🙂 Good luck with the $150k net worth goal by June!!!

$2800 for Mt Kilimanjaro! You’re killing it!

RRSPs may be about tax deferral, but the only way to get that room back is by re-paying yourself, right?

Would the $20 gift card for the Keg count as taxable income if the stock was in your taxable account? 😉

Looks like the mortgage is going down nicely and you’re at 76% LTV, not bad 🙂 Are you using the basement suite rental income to pay down the mortgage or using it to replace your lowered income?

young says:

@Leigh-Thanks Leigh- you’re awesome I love your comments because I try and stay more accountable because I know you crunch the numbers lol! 🙂 We’re using the rental income to replace the lowered income 🙂 If we didn’t have the rental income my updates would not be in the positive territory, that’s for sure!

Juan says:

Hey congrats! With being in school and such growing one’s network by 1% a month is a pretty big feat 🙂

young says:

@Juan- Thanks! These posts are a definite motivator for me.

Nice! You have some pretty huge numbers!

young says:

@FF- Thanks! I don’t feel that they are huge (cost of living here is pretty $$) but I guess its all relative!

Cassie says:

Great work on your networth! I love your updates, they give me something to work towards 🙂

young says:

@Cassie- Thanks! Glad to see positive feedback so I’ll keep writing them! 🙂

Great job in March. I hope you can hit 150k, but it might be tough with the market trending a bit down lately.

young says:

@retirebyforty- Uggh tell me about it. Today’s market looked pretty terrible- am glad I did my update before the markets didn’t too so well on Monday 🙂

Vicky says:

Nice work! I’m definitely rooting for you to make the $150K mark by June!

I’m definitely a fan of maximizing your TFSA! 🙂

BUT the biggest thing that stuck out for me was the $20 GC that The Keg sent to you with your annual report. That’s ingenious! That ensures a guaranteed client base for them in the upcoming year!

young says:

@Vicky- Awe thanks Vicky! YES that was the BEST annual report EVER. I’m hoping that they will send another one out this year so I can not be cheap and eat at their restaurant!!

Modest Money says:

Good luck on your June net worth goal. It sounds like you may fall short with your upcoming vacation sure to affect that. It will be totally worth it though. Sometimes enjoying life is more important than financial goals which can just be delayed by a month or two.

young says:

@MM- Thanks! Yeah agree- because what are financial goals for anyway? Am I just amassing wealth for the sake of amassing wealth? (Because there would be no point in that). We’ll see in two months time! 🙂

Good going y&t. My net worth dropped a bit last month. Good luck with your $150K goal, I’m sure you can make it ?( ???)

young says:

@LI- Thanks! I hope I can make it too 😉 My stock portfolio dropped quite a bit today so I’m glad I did my net worth calculations last week lol!