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$134, 931 (+0.8%)

I was super busy this month in terms of schoolwork so I think my spending was at a bare minimum (not even having time to grocery shop, really).  I also received my first reduced paycheque, the only consolation is that there is less tax when you’re earning next to nothing, which is nice.  I could get used to this less tax thing…

I moved more shares in-kind from my non-registered Questrade account into my TFSA account this month, but just XDV.TO.  I took advantage of it being pretty much “at cost” in my non-registered portfolio so I won’t incur any capital gains when selling.  I have about $2500 left in my TFSA contribution room for 2011.

I still have some shares in BCE and TU (Bell and Telus) that are in USD that I would like to see in my TFSA but I think I’m just going to let them sit there in the non-registered for now.

I’m really interested in buying HSE.TO (Husky) and Dividend Ninja picked this stock in his Dividend Growth Index as well.  However I don’t have much capital at the moment.  I’ll need to do some brainstorming to see where I can get the money to get me some Husky. 🙂

I sold the old cabinets on craigslist from our renovations and made a cool $350 off of junk, which is a nice feeling.  I put that money towards buying BF his birthday gift.  I’m glad I didn’t listen to BF when he said to just list it on Craigslist for free. Heh Heh.

Oh and PS Happy Thanksgiving Canada!! 🙂  I am proud to say I resisted the temptation to go shopping down at the Seattle Outlets, BF ended up going and came back with a cheesecake from Cheesecake etc. for me (yum!)
Okay, so here’s the breakdown for this month:


CASH: $10408 (-14%)

  • More money Pictures, Images and PhotosThis month we finished paying the contractor for the renovations in their entirety (what a relief) and then I paid my tuition.
  • Boyfriend and I have a joint account which our mortgage is deducted from, and our own personal accounts
  • 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 $2300 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: $12, 488 (-16.5%)

  • I think in my last post, I hadn’t included the transfer of my shares in CYH and CPD from my nonregistered account to my TFSA account.  I also transferred XDV this  month too.
  • The stock market is doing terribly as well (though it wasn’t much of a difference from when I checked this time last month)
  • 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: $11279 (+0.3%)

  • 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 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: $2600 (-3.4%)

  • 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 more months until I can get my money out from my venture mutual fund and invest it elsewhere. Can’t wait!

TFSA: $11, 263 (+44.2%)

  • Happy to report I finally got my butt in gear and sent off my request to start a DRIP with Questrade for EIF… HOWEVER, it’s been a month and I haven’t seen any DRIPPING action yet. Gotta ask Questrade about that one.
  • I asked Questrade FINALLY and they said they will start DRIPPING as now.  It had been two months since I submitted my form… they weren’t able to give me a good explanation to explain the delay.
  • I added some money to the TFSA and transferred in some non-registered stocks
  • 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 a chip in my car windshield and it turned into a big crack (about the length of a hand). I don’t know how much it will roughly cost to repair the windshield.
  • Um.. still haven’t done my windshield (talk about a lazy procrastinator)… but I did get an oil change and I did get a new cap for my windshield washer reservoir.


  • 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: $300, 514 (-0.4%)

  • 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. The rental has not started yet, perhaps we may be looking at renting it out soon!!! It’s all done and ready to rent. Just need to find tenants now.

Credit Card: $492

  • 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?)

Article comments

Chad says:

Way to keep on top of things. I just came across your website/twitter and you’ve got yourself a new follower! Vancouver is terribly expensive but it sounds like you and your boyfriend do very well at keeping track of your expenses. Good for you, keep up the awesome blogging!

young says:

@Chad- Thanks Chad! I just added you on twitter 🙂 I see you are a fellow Vancouverite and everyone knows I have a soft spot for us Vancouverites! Thanks Chad! Hope you keep reading 🙂

Your ING link is not working. I’m going to start a new account so send me an email. 🙂

young says:

@Retireby40- Awesome Joe!! Thank you! When I make it to the top of Mt Kilimanjaro, I’ll make sure to thank you 🙂

I think all you need to go is go to INGdirect’s website and sign up for an account. They will ask you for an orange key, and then you can type: 33530953S1

Thanks so much!

Congrats on your positive growth. And yes, for a new windshield you can use insurance. We had ours replaced last year and all we had to pay was our deductible.

young says:

@Miss T- Okay I’ll try to get that done before next months’ update hehe.. Though it might have to wait until December since I’ve been so swamped lately.

Miiockm says:

If you’re paying off the credit cards in full every month then you might as well subtract it from your cash balance when calculating everything.

young says:

@Milockm- Really? That’s true.. but then it won’t look as interesting.

Well done in accumulating nearly $135K net worth for someone as young as you are! I need to save save save!

young says:

@That Thing Call Money- Really? I’m not that young LOL. Wait til you see Million Dollar Journey! He is over 500K and he’s probably only 30 right now.

Check with your insurance to see if they will pay for a new windshield. I heard something about that a while back.
Great job staying in the green in this crazy stock market. 🙂

Leigh says:

Happy Thanksgiving!!

Yay for Questrade finally setting up your DRIP 🙂

young says:

@Leigh- Thanks! I hope you had a great thanksgiving too!

Hey Y&T,

Thanx for the mention 🙂 You don’t need to rush into Husky (HSE) the share price will likely be depressed or declining for a while longer, I would think. But the yield is sweet and the price is low!

The Dividend Ninja

young says:

@The Dividend Ninja- You’re welcome Ninja! Yes, that’s true. That yield is like a seductive temptress for me, LOL. Though I can’t since I am a student now… maybe I’ll wait until I get a tenant.