August 2015 Net Worth Update: $371,690

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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%)

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%)

TFSA: $50,400 (-0.8 %)

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 World Points World 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.
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Young is a writer and former owner of Young and Thrifty and the main "twitter' behind Young and Thrifty's twitter account. She lives in Vancouver, BC and enjoys long walks on the beach, spending time with her anxious dog, and finding good deals. If you like what you read, consider signing up for email updates.

4 Comments

  1. Leigh on August 9, 2015 at 9:10 pm

    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…



  2. Young on August 11, 2015 at 1:15 am

    @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!



  3. Stephen on August 11, 2015 at 9:57 pm

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



  4. Young on August 12, 2015 at 7:13 pm

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



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