Youngandthrifty December 2013 Net Worth Update: +0.09%

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Haha, I think I spoke too soon about the net worth inertia!  It went back to growing by 0.09%.  I guess that's better than being $300 in the hole.

I had been checking my questrade accounts throughout the month and was getting ahead of myself, because I was like up $2000 at least compared to the last net worth update.  Then the markets settled again unfortunately and I didn't really gain much or lose much compared to last month in my portfolio.

I haven't done any of my holiday shopping yet so this is probably why it looks somewhat decent still.  I plan to tackle it after this weekend.

Okay, so here’s the breakdown for December 2013:

ASSETS:

CASH: $58150 (-5.6%)

  • Down a bit this month because of the movement of money to the RRSP's again
  • 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 next year.

Non-Registered: $102325 (+0.26%)

  • I think I have been paid out some dividends (weee!) but haven't had time to actually see which ones they are
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $39,965 (+1.9%)

  • I am pumping up my RRSP contribution to the TD eseries to $1000 per month until the end of the year
  • 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 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 which is >$32,000
  • I paid off my RRSP loan to myself this month…. because I used the Home Buyers Plan for my down payment.

TFSA: $37515 (-0.01%)

HOME: $272,000

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

CAR:

  • I am not counting this in my net worth, because it’s 13 years old.
  • I have started a separate ING bank account for a future car

LIABILITIES:

Credit Cards: $780

  • The problem with not having Mint.com is that I can't see my credit card spending as easily so I ended up resorting back to the 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 over $500 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 mint.com it’s under the liability column so I’ll do the same.

Mortgage: $186360 (-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.
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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.

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