Oh dear, I think I spent a lot last month even though I did do it yourself gifts for most of my friends.  I guess it was family presents that got the best of me, but seeing my sisters’ eyes light up with happiness with their presents was pretty priceless.  I didn’t go all out with their presents of course, but spent around $75 for each of their presents.

I also spent $1700 on a last minute trip down to an all-inclusive resort (my first time ever!  I am lucky I didn’t turn into an alcoholic, I definitely drank 3-4 drinks per day though hahah).  It was one of my resolutions to in 2014 to spend time with my family and I guess I got a head start.  I’ll write a post on it soon 🙂

So, I am trying to control my spending for January because it is getting a bit out of hand!  No more shopping for me in January.  I bought a waterproof running jacket from the Lululemon outlet for $160- definitely a lot of money for a jacket but I guess it’s cheaper than a $40-50 monthly membership for a yoga pass!

Okay, so here’s the breakdown for January 2014:

In This Article:


CASH: $57330 (-1.5%)

  • Net Worth UpdateDown a bit this month because of the movement of money to the RRSP’s again- I have reduced it back down to $200 a month contribution
  • 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: $102260 (-0.07%)

  • I bought CLF on a limit order but to be honest I got confused about what I was supposed to buy haha.  I think I need to revisit my non-registered plan again.  The notes in my little book I keep aren’t making sense.
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $41,600 (+4.1%)

TFSA: $38,350 (+2.2%)

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?)


  • I am not counting this in my net worth, because it’s 14 years old.
  • I have started a separate ING bank account for a future car


Credit Cards: $3740

  • 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 over $500 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: $185,870 (-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.

Article comments

Cassie says:

Little dip or no little dip, it’s still inspiring looking at your month end updates 🙂

Sadly I know mine is about to take a massive hit this month, so I understand being a little down on negative net worth updates.

Leigh says:

So um, Young? Your net worth is up $152,530 from your January 2013 net worth update. You go girl! I have caught up to you again though – my net worth ended the year at $346,000. Something I love about your net worth though is how well diversified it is. You have more in non-registered accounts than equity in your condo, but you still put at least 20% down. So I think you’re in a great spot. Are you done grad school yet?? When are you going to go back to increasing your net worth every month? 🙂

I love all-inclusive resorts – such a great vacation! My boyfriend and I are heading to one this winter and it’s going to be awesome 😀

Young says:

@Leigh- Ahhh haha we are playing “tag team”. It will be fun to motivate each other! Where are you going on your all inclusive? Yes, I am going to go back to increasing it again, but still have a trip coming up that will stagnate it. I think I need to stop going on trips lol.

Liquid says:

Sounds like the trip was well worth the cost 🙂 The holiday season did a number on my wallet as well, but it’s nice to splurge a little bit over Christmas since we’ve been saving so diligently most of the year. I broke the $200K net worth barrier not long ago. Maybe I’ll hit $300K by end of 2014 and be closer to catching up to you lol. I hope you got a good rate on your mortgage 😀 My term has to get renewed. Did you go for a fixed or variable?

Young says:

@Liquid- Fixed! (this time) lol. Congrats! I’m sure you will catch up to me in no time!

Everything about an all-inclusive resort sounds fabulous right now. NY in the winter is not so much fun :oP