Finally out of net worth inertia (mildly) because instead of the increase of a measly 0.09% as it usually is, this month there was an increase of a whopping 0.65%! The gains this month weren’t because I scaled back my spending (maybe that should be on my New Years Resolutions list for next year) but because of the gains in the stock market mainly.
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 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: $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.