Editors note: Advertisers are not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their Web site.

Phew, positive again.  I knew I was saving a lot this month but I didn’t know that it would surpass the loss I was having in my investment portfolio.  My RRSP did well this month but mainly because of the currency exchange I figure.

I am planning to go to Portland in August, hopefully I won’t go crazy shopping there.  August is my non-shopping ban month.  I did pretty good last month, I think.

As some of you following may know, my goal is to have a net worth of $385,000 by 2016 or $400,000 including my pension. I am over the $400K net worth with my pension contributions and and have under $13,300 to go if I do not include my pension.

If I reach my net worth goal, I am going to treat myself to a new computer/ laptop, since my laptop is circa 2009.

Okay, so here’s the breakdown for August 2015 (+$5940, +1.62%)

In This Article:

ASSETS:

CASH: $35,630 (+18%)

Net Worth Update

  • I think I have about 6 months of living expenses and then some, so should start moving money into my investments regularly
  • 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)

Non-Registered: $91,650 (-2.0%)

  •  I sold a quarter of my ZPR but am still down quite a bit.  Meh, preferred shares.
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $58, 230 (+2.8%)

  • This includes the pre-authorized monthly contribution into my TD E-Series account, a GIC in my ING Direct Account and a Questrade RRSP account.
  • I max out both my TFSA and RRSP (read my TFSA vs RRSP great debate over here)
  • I’m not including my defined benefit pension contributions which is >$35,000
  • I paid back the Home Buyers Plan for my down payment in 2013.

TFSA: $50,400 (-0.8 %)

  • I think I just dripped another HSE share but didn’t end up buying more.  I am seeing a lot of red in my TFSA but still holding strong.
  • Check out my dividend income spreadsheet updated quarterly!
  • One of my to do tasks is to track my dividend payments in an excel spreadsheet
  • 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!

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: $16,665

  • I updated it for 2015-2016 with the Canadian Black Book price, will update it again July 2016
  • I bought a car (so painful to part with money but am really enjoying the fuel economy and hatchback-ness)

LIABILITIES:

Credit Cards: $825

  • I have a few credit cards with the goal of travel hacking my way to trips.
  • I use Mint.com 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 $220 for 2016 so far with my MBNA Rewards World Elite® Mastercard®
  • 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.

Mortgage: $152,100 (-0.7%)

  • I pay an extra mortgage payment a month
  • 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.

Article comments

4 comments
Stephen says:

Congrats on the gain! It’s been a rough few months for the markets.

Young says:

@Stephen- Couldn’t agree more. My YTD is 0.22% lol!

Leigh says:

2009 laptop?! Mine is from 2011 and I thought that was plenty old. I’ve been upgrading my desktop computer a bit and I think that’s mostly plenty to get me through the next few years probably. We’ll see! Have a good trip! I managed to not buy any clothing in July and spent ~$12 on work lunches. I’m trying to see if I can repeat that in August 🙂 Although I might have to buy a new phone since mine is on the fritz…

Young says:

@Leigh- Well to be fair, it was 2009 December so almost 2010. lol we are quite similar aren’t we? I don’t have a desk top lol. Wow $12 on work lunches is very impressive!