$137, 109 (+1.6%)
Let’s see, I have no idea how this became a positive increase of 1.6%, but I won’t question the net worth gods. I had a lot of expenses this month. I paid for my flight to Hawaii for BF’s sisters wedding and I also paid for a portion of my flight to Thailand for February. I finally (you’ll all be proud of me) got my windshield fixed (after being scared into it by a colleague). I haven’t really been going out period, and working part time means I only fill up my gas tank about one every three weeks (sweet!!), so my expense of gas went from $150+ a month to perhaps $50 a month. I also cut down on the cost of my dog food (he was on a special diet that cost $120 a month, now it is down to about $50 a month).
Okay, so here’s the breakdown for this month:
CASH: $10324 (-0.01%)
- 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 $2400 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 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: $13408 (+7.4%)
- I got $60 in dividend income this month (WAHOOOO!!! Passive income retirement here I come!), and BCE climbed up back nicely, as well as FTS. Telus (TU) isn’t doing too shabby either.
- The stock market is doing funny things right now and I haven’t been as obsessive about checking my portfolio as I used to be (perhaps being sleep deprived from school makes me less neurotic about my money?)
- 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: $11764 (+4.3%)
- 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 (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 (+3%)
- 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 2
few moremonths until I can get my money out from my venture mutual fund and invest it elsewhere. Can’t wait!
TFSA: $11381 (+1.01%)
- Um, my TFSA portfolio is doing pretty dismally, but that’s okay I’m not selling these puppies 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 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 finally fixed my windshield!!! It cost $200 and it was done really quickly. I even got to borrow the courtesy car and drove it around town without needing to fill it with gas!
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: $299681 (-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 (still no rental income because no tenants LOL!!). Target pay off= 15-17 years.
Credit Card: $502
- 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.
- I basically charge everything to my card to reap the benefits (free flights and hotel stays here I come!) —-> We already got enough points for me to fly to Thailand for a friends wedding in February which will definitely help my poor student status- I calculated that I am saving about $500-600 (I love the Avion card! Especially since its free)
- 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?