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Wow this month was ridiculous.  My credit card bill was almost $5000 this month thanks to the last tuition installment and paying for hit and run and vandalism (my deductible is $300) for total of $600.  On my beater car sometimes I wonder if it is even worth it to fix these things since my car isn’t worth very much anymore.  Then the thought of seeing that large scratch or that dent all the time would bug me though…

I also went on a trip with some girlfriends this month, that was quite pricey too.  I am looking forward to next month when hopefully everything calms down a bit.

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


In This Article:


CASH: $172,498 (-2.5%)

  • Thanks for everyone’s suggestions as to what I should do with the $100,000!
  • 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: $1900 (+9.8%)

  • At the time of writing I will sell this penny stock that I bought that miraculously increased in value by $200 to a loss of only $600 now haha.
  • 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 September 2013 I still have not done this.
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $26900 (+11.4%)

  • 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 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: $36410 (0%)

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 13 years old.
  • I have started a separate ING bank account for a future car


Credit Cards: $2300

  • 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
  • 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: $187790 (-0.37%)

  • 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

Kevin Watts says:

This is the first time I have stumbled across your blog, and I love your honesty with this post. You not only said that your net worth went down slightly, but you showed how. That’s impressive. In most cases people try to hide it, but being honest is a whole lot better.

Turning your first home into a rental property is a fantastic idea that will give you the maximum return on your money!

Young says:

@Kevin- awe thanks Kevin!! 🙂 I’m a straight shooter lol.

TipsByTopic says:

Why do you have so much cash sitting there unproductive?

Young says:

@TBT- Not anymoooooorreeee (next month).