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$320, 160 (+.4%)

I’d say not too shabby this month considering I’ve been spending like a mad woman still.

I tried to save money when I redid my highlights by getting a Groupon to a fancy-ish salon.  I then bought some Bumble and Bumble hairspray of sorts for $30 and tipped her quite generously (I think etiquette is to tip on the full price and not the Groupon price I believe) and so still spent about $200 on my hair!

I also bought $120 Citizens of Humanity jeans (they were 50% off) and spent a lot of food and gifts.  On the flip side, I bought $227 worth of Shoppers Drug Mart stuff for $27!  Thanks to the Spend Your Points event.  Speaking of Shoppers, I wish I had kept my Shoppers shares!  They went up big time!

I am finding that dating is expensive because of all the primping and preening needed. Lol.

I know that next month will be even worse in terms of my net worth update as I have to pay the last installment of my tuition.

Okay, so here’s the breakdown for August 2013:

Net Worth Update

In This Article:


CASH: $177,200 (-0.3%)

  • I am planning to ETF or index fund about $100K of it but haven’t had the time too.
  • 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 next year.

Non-Registered: $1710 (+2.1%)

  • Ugh I need to do something about these basket of garbage stocks I have LOL. I bought Suncor at is peak and it’s still sitting there. I bought a Potash stock that’s half of its original value. I need to sell it and just start fresh this year. –> as of July 2013 I still have not done this.
  • I transferred some cash from a terrible investment that I sold into my RRSP
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $24165 (-0.3%)

  • 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 which is >$30,000
  • I owe about $16,000 $12000 to myself in my RRSP because I used the Home Buyers Plan for my down payment. I allocated about $4500 into my home buyers plan for 2012.
  • My goal for the rest of the year is to deal with my RRSP stuff and pay off my HBP.  Been too busy with school and dating to do it.

TFSA: $36340 (+3.5%)

HOME: $272,000

  • My plan is to live in this for 1-2 years and then rent it out once I find my prince charming (haha…right?)
  • Where is this prince charming fellow?


  • I am not counting this in my net worth, because it’s 13 years old.
  • I have started a separate ING bank account for a future car (I have my eye on a Prius V cus it’s oh so sexy!)


Credit Cards: $2800

  • The problem with not having Mint.com is that I can’t see my credit card spending as easily.
  • I am thinking of getting Mint.com again and then just linking it to my credit card haha.  I think my spending is getting out of control without Mint.
  • Credit card spending was crazy again this month! I didn’t want to look at my statement. Haha. Oh well, lots of points 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: $188,500 (-0.3%)

  • 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.
  • It’s like not putting all my eggs into one basket, so to speak.

Article comments

Miiockm says:

$36k in your TFSA is impressive. Do you top up contributions immediately at the beginning of the year or throughout the year?

Young says:

@Milockm- Depending on if I have money available, I usually do it in the begining. For my RRSP I contribute throughout the year.

BeachBoy says:

RIght there: “(I have my eye on a Prius V cus it

Teacher Man says:

I’m not a Granola guy at all BB (not that there’s anything wrong with that… *badum bum tish*), and I wouldn’t mind the whole Prius thing. I personally own an Elantra!

Young says:

@BB- hahahahah!!! what should I say instead? Tesla? 😉 Well the Prius C is a little sexier!

Dayle says:

I agree… dating is expensive!
Much different from when you’re in a relationship and you can let yourself go a little bit! lol
I feel like I’m constantly dealing with hair and nails and working out not to mention doing my hair, dressing up, etc. etc… It gets tiring! lol

Young says:

@Dayle- I know! It’s nice to be in a relationship because you don’t have to worry about looking cheap haha.

Don’t sell POT, I mean Potash! 🙂

Just move it over to a non-reg. USD $ account because your dividends are paid in USD.

When are you going to invest that $100+k? Make your money make money..but this you know well.

Keep up the good work, a positive NW month is a good month.


Young says:

@MOA- Haha I wish it was POT! It’s IPI (I don’t even know what it stands for anymore, it’s been so long since I bought it, like >8 years). I hope to do it in August but then I get antsy about a correction… guess I’ll need to make sure I have stop losses etc in place and be neurotic about it.

Leigh says:

You’re still ahead of me! But I’m catching up 😉 I *love* that your cash basically = your mortgage. That makes the mortgage not very scary at all! Looks like things are chugging along nicely.

I’m not quite sure why dating is expensive? What is this primping and preening stuff? Most guys I date don’t care about what my hair looks like or what brand of jeans I’m wearing. Then again, I mostly date software developers 😉

Young says:

@Leigh- lol 🙂 Software developers/ engineers are a different breed right?

Young says:

@Leigh- lol you are awesome! I am sure you will double me in a few years! I have been spending like mad and not making money because I’ve been so busy. I think “knowing” that I have cash in the bank makes me feel too generous/ spendy with my money.

Leigh says:

Then get the money out of cash already girl!! 😉

Young says:

@Leigh- Yes m’am! 🙂

Yeah, I think everyone had a pretty good month with their net worth thanks to a generous stock market. I have a feeling we will have a mini correction of sorts over the coming month or two. We are down 93 points on the dow as I write this. Your net worth is looking good, best wishes on future returns.

Michelle says:

Good job on the increase!

Young says:

@Michelle- thanks!

Sounds like you’re doing well with your net worth value, I think ETF’ing your money is a great idea. I imagine you can do some serious interesting earning with that principle. Nicely done.

Young says:

@Lindsey- well, I calculated it and it’s not too much more. If I find something with 4-5% returns that’s only about $400 ish a month.

FI Pilgrim says:

Looking good! I hope to catch up with you one day, but I’m taking the pay-down-mortgage route instead of investing, in order to create more flexibility for family later in life. Hope you meet prince charming soon! 🙂