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So in the spirit of my quarter life crisis, I booked a trip to Europe during my term break. I'll do a break down of how much it will cost in total, but I don't think it should gauge too much of a hole in my wallet because I'll be staying in hostels mainly. Instead of a highly hectic I-want-to-see-and-do-everything trip, I think I'm going to just take it easy and not have an itinerary planned for every day.
What else did I spend this month? I've been eating out a lot again. I bought a Lululemon top (no not the see-through Lululemon pants) for $64. It's a black top so pretty versatile (as versatile as yoga wear gets since everyone wears yoga pants everywhere here in Vancouver).
Most of my purchases this month revolved around the trip.
My ticket cost $1200, I paid for the internal flights and the train ticket already. I just need to pay for food, sightseeing, and the balance of the hostel payments when I get there.
Okay, so here’s the breakdown for April 2013:
CASH: $264,960 (-3.3%)
- It feels good because I finally deactivated the joint account.
- 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 $4400 saved up for my goal of climbing Mt Kilimanjaro (highest peak in Africa). I'm automatically deducting $100 a month from my bank account into this travel account.
Non-Registered: $1681 (-5%)
- 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.
- I transferred some cash from a terrible investment that I sold into my RRSP
- These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.
RRSP: $23725 (+3.3%)
- 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
- I owe about $16,000 to myself in my RRSP because I used the Home Buyers Plan for my down payment. I think I'm going to allocate $7000 this year back to the Home Buyers Plan but will decide when I do my taxes.
TFSA: $35,750 (+29%)
- I added an extra $9000 into the TFSA account so it's maxed out for 2013 now.
- 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!
- 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: $2000
- Credit card spending like crazy this month! I am looking forward to the points I collect from this.
- 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.
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