I am doing a happy dance this month because I was getting a bit worried the last two months with my sad net worth updates.  I spent very little this month with the big splurge being $200 on base layers (merino wool is pretty amazing, I must say I was hesitant to spend so much on a piece of clothing but it’s been great so far).

The markets have been doing alright and has accounted for a large portion of my increase in net worth this month.

My goal for the end of the year was to break a net worth of $350,000, which is means $8400 by the end of the year.  If I include my pension contributions, my net worth goal was $380,000, which means $865 by the end of the year.  Of course I will aim for the former net worth goal but I will use the latter one if push comes to shove 🙂 (since it’s easier to achieve).

Okay, so here’s the breakdown for September 2014 ($341, 640): +2.4% +$8000

In This Article:

ASSETS:

CASH: $39475 (+11%)

  • 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: $105740 (+0.5%)

  • Haven’t bought any more stocks yet, but so far things have been doing decently
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $47030 (+1.7%)

TFSA: $42730 (+1.9 %)

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

LIABILITIES:

Credit Cards: $840

  • 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: $181,500 (-0.4%)

  • 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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