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I spent a ton of money this month!  Mainly on my pet.  Vet bill, dog food, doggy day care pre-purchase (I bought 10 doggy daycare sessions).

I paid a “double payment” on my mortgage for the first time ever (haha!) it felt nice to do, I should probably do it more often.

The markets have not been doing well, huge drops this month because of that, I guess it’s a good opportunity to buy right now (or soon) isn’t it?

My goal for the end of the year was to break a net worth of $350,000, which is means $10,170 by the end of the year.  The goal is waxing and waning- I am hoping that I will be able to achieve this, but I am not 100% confident given the markets recently.

Okay, so here’s the breakdown for October 2014 ($339,830): -0.5% -$1800

In This Article:


CASH: $39950(+1.2%)

Net Worth Update

  • 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 this year.

Non-Registered: $104790 (-0.9%)

  • I bought a few stocks this month/ added some positions
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $46900 (-0.3%)

  • Despite contributing more this month to the RRSP, the end result was futile due to the markets
  • 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 contributions which is >$35,000
  • I paid back the Home Buyers Plan for my down payment in 2013.

TFSA: $41, 230 (-0.4 %)

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: $17,000

  • I bought a car (so painful to part with money but am really enjoying the fuel economy and hatchback-ness)
  • I will update it annually with the Canadian Black Book price in July 2015
  • I used a conservative estimate of the car, no CBB price for 2014 models yet


Credit Cards: $1450

  • I applied for the CIBC Infinite Visa Aeroplan card and in the goal of travel hacking my way to trips and have been using it for a few months.
  • 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 $650 already this year with my MBNA Rewards World Elite® 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: $180, 570 (-0.6%)

  • 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.
  • This month, I made my first “double up payment” on my mortgage.  It was very easy to set up and there was minimal follow up.

Article comments


Remember, your loss are only paper losses unless you sell your stocks. As long as you’re still getting a dividend, I’m sure your portfolio will rebound eventually!

Leigh says:

Yay for making your first double mortgage payment! It is so addicting paying my mortgage down. You should try setting savings goals instead of net worth goals – you have more control over those 😉

Keep up the great work! Doing very well…especially with those registered assets, most 20- and 30-somethings would be envious.

Liquid says:

Great job. I’m surprised how well your portfolio held on considering the recent correction 😛 Assets will always fluctuate. The important thing is to continue paying down debt which you’re consistently doing, so keep it up. I’m tempted to buy some more stocks now because of the dip but I should probably wait to see how much lower the market will go 🙂