Although I didn’t spend as much as last month, this month I still spent a lot of money.  I finished paying for my entire international trip pretty much this month, and also went on a long weekend getaway to the wine country area of B.C. (where I proceeded to purchase over $240 worth of wine unfortunately).  It was fantastic 35 degree weather, beautiful sun, and relaxing drives.  In terms of the lack of net worth increase this month, the flat markets don’t really help either, there hadn’t been much movement or increase in my investment accounts this month.  After this month I am going to make a concerted effort to not spend so much.

My goal for the end of the year was to break a net worth of $350,000, which is means $16400 by the end of the year.  If I include my pension contributions, my net worth goal was $380,000, which means $10,000 by the end of the year.  Of course I will aim for the former net worth goal but I will use the latter one if push comes to shove 🙂 (since it’s easier to achieve).

Okay, so here’s the breakdown for August 2014 ($333, 600): -0.02% -$75


CASH: $35460 (-11%)

Net Worth Update

  • I paid for my big trip this month
  • 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 $4800 saved up for my big trip that I hope to do this year.

Non-Registered: $105210 (-0.3%)

  • This month was pretty “laggy” perhaps it’s time to pick up some more!
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $46240 (+0.1%)

TFSA: $41920 (+0.02 %)

HOME: $272,000

  • My plan is to live in this for 1-2 year and then rent it out once I find my prince charming (haha…right?)

CAR: $17,000

  • I bought a car (so painful to part with money but am really enjoying the fuel economy and hatchback-ness)
  • I will update it annually with the Canadian Black Book price
  • I used a conservative estimate of the car, no CBB price for 2014 models yet


Credit Cards: $1960

  • I applied for the CIBC Infinite Visa Aeroplan card and in the goal of travel hacking my way to trips and have been using it for a few months.
  • The problem with not having is that I can’t see my credit card spending as easily so I ended up resorting back to the account but I only added my credit card (this is helping a bunch so that I can keep track of my spending)
  • I’ve redeemed $450 already this year with my MBNA World Points World mastercard.
  • I’ve used my new Amex Aeroplan card twice so far.
  • 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 it’s under the liability column so I’ll do the same.

Mortgage: $182,240 (-0.3%)

  • My intent is to rent it out in a little while (see above). In order to offset future rental income, I chose to acquire a mortgage instead of paying for the majority of the condo.