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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%)

In This Article:


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)


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

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!