$139, 265 (+1.6%)
My credit card bill was pretty crazy this month because of the trip to Hawaii for BF’s family’s wedding and the textbooks for next term (I bought USED from Amazon.com to be picked up in the US… but the bill was still ridiculous).
I also spent $100 for donations to charities in preparation for year end. I have yet to calculate how much I have donated in 2011.
I spent $187 on three toner cartridges for my laser printer from Costco.ca (I LOVE MY LASER PRINTER btw). Pricey, I know, but you wouldn’t believe how many pages I have printed out already. I’m sure if I had an inkjet printer, I would probably have gone through 10 inkjet changes by now.
I haven’t done anything drastic investments-wise, but am planning again to move some investments/ cash from dividend payouts in my non-registered to my TFSA.
Oh, I got a scholarship from the application I told you guys about a while back (if your’e ever in school, just apply apply apply! You never know if you’re going to get it unless you try). It is enough for next term’s tuition. I haven’t included it in my net worth this month because it’s going to be deducted anyway very soon.
Okay, so here’s the breakdown for this month:
CASH: $12249 (+18.0%)
- Boyfriend and I have a joint account which our mortgage is deducted from, and our own personal accounts. I taught him the magic of the email transfer, so hopefully it won’t be so much effort to nag him to put money into our joint account!
- 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 $2500 saved up for my goal of climbing Mt Kilimanjaro (highest peak in Africa). I’m automatically deducting $100 a month from my bank account into this travel account. I’m about halfway there. If you are Canadian and want to help contribute to my personal lifelong dream, feel free to sign up for an Tangerine with my orange key: 33530953S1. You’ll get $25 if you start an account with $100, and I will get $25 too.
STOCKS: $13339 (-0.6%)
- BCE and TU are doing nicely (I guess everyone still hasn’t gotten hooked on data plans yet, they still have a lot of people to hit up lol). Everything else is a “meh”.
- I’m holding steady with a lot of my stocks. I bought SC.TO a LONG time ago and I notice that it’s climbing back up to my original purchase price, which is always nice lol.
- These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts. I added up USD and CAD stocks as “Canadian” money to be simplistic
RRSP: $12,107 (+2.9%)
- This includes the pre-authorized monthly contribution into my TD E-Series account, a GIC in my ING Direct Account and my new Questrade RRSP account.
The RRSP is maxed out for this year. 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 (I didn’t do this for my 2011 net worth updates at all purely due to laziness). Contemplating about whether I should put them back into my networth calculations- what do you think?
- I owe about $16,000 to myself in my RRSP because I used the Home Buyers Plan, but I won’t have to start repaying until 2012 (jeepers, 2012 is creeping up already).
OTHER INVESTMENTS: $2689 (%)
- If you’re wondering what I hold in my Other investments- check out my post long story
- I have some investments that were poor choices (I signed up for them before I became self “edumacated”) that were losing money big time. In order to receive a tax credit, I got persuaded into buying some flow through shares, Venture investments that gave out a tax credit, and some more mutual funds about four or five years ago.
- Hmm, just 1
few moremonths until I can get my money out from my venture mutual fund and invest it elsewhere. Can’t wait!
TFSA: $11277 (-.01%)
- Um, my TFSA portfolio is not very exciting, but that’s okay I’m not selling these guys anytime soon. I still have about $2700 contribution room and am thinking of moving my non-registered to the TFSA, or wait until January and move it then.
- I have yet to see a “dripped” EIF stock in my account (hello, Questrade if you are reading, where is it?). It has climbed back up nicely though from its low.
- I signed up for a Tax Free Trading Account with Questrade in 2009 and my TFSA consists 100% of stocks
- I am not counting this in my net worth, because it’s 11 years old.
- I got my winter tires put on and am ready to rock and roll (hopefully not roll) for the snow/winter season
PRINCIPLE RESIDENCE: $387,500
- I know this it does not make any sense to divide the principle residence and mortgage debt by 50%, but since I cannot disclose my boyfriend’s financial information, I will do it this way to simplify things. Some of you may not agree to that, and I understand.
- Vancouver is an expensive city to live in, and many people predict that there will be a housing collapse, especially in a place where their is such a disparity between income and housing price. The Vancouver market was actually quite unscathed compared to the depressed housing markets elsewhere, and many people believe it is sorely due for a correction.
- We plan to live in this house for 5-10 years or even more, and we are prepared to “suck it up” if it corrects by more than 25%. Our house is in a favourable location in the city, and our neighbours have sold recently for about 30% more than what we paid for our house.
Mortgage Debt: $298846 (-0.3%)
- It’s an accelerated bi-weekly payment (-4 years from amortization) and we plan to add on what we get from our rental downstairs to pay the mortgage off faster. Target pay off= 15-17 years.
- We got tenants!!!! And they are really nice. Will be posting more about that very soon. Wahoo! BF and I had a long discussion (well heated discussion lol) about paying off our mortgage faster. He doesn’t want to because he wants more cash flow, and I’m kind of okay with this for now since I am only working part time. Hopefully I can change his mind soon.
Credit Card: $1250
- 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.
- BF and I got the Royal Bank Avion Infinite Card as our joint credit card (free for one year since we have a mortgage with RBC!
So will be using it and letting you how I like it- I would of course never pay $170 a year for this, but since it’s free for one year, why not?). Which reminds me, I need to call and negotiate! Anyone have any luck avoiding the annual fee for the Avion?
- Okay you guys were right. No way in hell could I negotiate (despite my best, sweet and innocent negotiation voice) to get the annual fee waived. They said I could REDUCE it, but I still don’t want to pay to use a credit card for its points. We just ended up getting the RBC Gold card instead (the one where you get measly RBC points).