May 2015 Networth Update 363202 (+1.1%)

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Slow and steady wins the internal race, right?  Thankfully my ZPR shares aren't hemorrhaging as badly compared to earlier in the month (I was down 2300 at one point, now just down 800 in unrealized losses).  I was quite excited about the increase in TFSA contribution room and of course I funneled the $4500 money into my TFSA very soon after the announcement.  I didn't do anything this month in terms of buying or selling shares but I am thinking about buying some more bank shares (perhaps not more BMO.TO likely something else) or adding to my Fortis shares.

One major purchase was using some of my Aeroplan miles to travel hack my way to Asia next month.

As some of you following may know, my goal is to have a net worth of $385,000 by 2016 or $400,000 including my pension.  I am just over $400K net worth with my pension contributions and and have under $22,000 to go if I do not include my pension.

Okay, so here’s the breakdown for May 2015 (+3900, +1.1%)


CASH: $25,900 (+1.2%)

Net Worth Update

  • I'm going to try and save up about 6 months living expenses in my emergency fund, and then funnel the rest into my mortgage or investing
  • 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)

Non-Registered: $95,800 (-3%)

  • I moved some money from my non-registered account to fuel TFSA
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $56,100 (+1%)

TFSA: $53,260 (+11.8 %)

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


Credit Cards: $1790

  • I have a few credit cards with the goal of travel hacking my way to trips.
  • I use 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 last 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 it’s under the liability column so I’ll do the same.

Mortgage: $155,100 (-0.8%)

  • I paid down a chunky bit of my mortgage and will continue to do some extra monthly payments.
  • 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.


  1. Jason on May 7, 2015 at 1:15 pm

    Big fan of the site.
    Just out of curiosity what is your age?
    I’m 26 and currently at $140k plus $10k for my vehicle.

  2. Young on May 8, 2015 at 12:07 am

    @Jason- Thanks Jason, you’re doing great! This year I an creeping toward in between being 30 and mid-30’s. Haha.. Hope that answers your question!

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