Some of the big purchases were purchases for things like gift cards and cabin/hotel bookings that my friends will pay me back for, but I haven’t included the money I am owed in my net worth update. Though I am going to mention it to make myself feel somewhat better.
My RRSP account is looking pretty healthy these days because I have increased my TD eseries contributions to $1000 a month until December.
I have also began a relationship with someone so the dating expenses kind of add up a bit. 🙂
Okay, so here’s the breakdown for November 2013:
CASH: $61625 (-0.7%)
- Down a bit this month because of the movement of money to the RRSP’s
- 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: $102,050 (+0.18%)
- I haven’t been paid out any monthly income or dividends in my non-registered account yet (le sigh!)
- These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.
RRSP: $36810 (+37%)
- I am pumping up my RRSP contribution to the TD eseries to $1000 per month until the end of the year
- 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 paid off my RRSP loan to myself this month…. because I used the Home Buyers Plan for my down payment.
TFSA: $37650 (+3.6%)
- SLF is really doing much better than it was, BMO is doing very well too (up 20% in this stock alone), but EIF (my previous dividend darling) is going poorly as I am now down -$100 in it.
- My TFSA is maxed out for 2013.
- Check out my dividend income spreadsheet!
- One of my to do tasks is to track my dividend payments in an excel spreadsheet
- Watch out for TFSA over contributions, guys, the CRA will get you for every last penny.
- I signed up for a Tax Free Trading Account with Questrade in 2009 and haven’t looked back!
- 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 13 years old.
- I have started a separate ING bank account for a future car
Credit Cards: $2485
- 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 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: $18700 (-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.