September 2014 networth update: $341640 (+2.4%)

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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

ASSETS:

CASH: $39475 (+11%)

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: $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 World Points World 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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Young is a writer and former owner of Young and Thrifty and the main "twitter' behind Young and Thrifty's twitter account. She lives in Vancouver, BC and enjoys long walks on the beach, spending time with her anxious dog, and finding good deals. If you like what you read, consider signing up for email updates.

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