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$169,400 (+0.85%)

Bought an ipad and am paying the price of Christmas and Boxing Day shopping!

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


CASH: $20,726 (+2.0%)

  • More money Pictures, Images and Photos

  • I have a joint account which our mortgage is deducted from, and our own personal accounts.
  • 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 $4100 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: $1973 (+0%)

  • 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: $22,410 (+4.0%)

  • 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: $27,406 (+3.8%)


  • 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

PRINCIPLE RESIDENCE: $387,500 (0.0%)


Mortgage Debt: $285, 510 (-0.30%)

  • Our basement suite is rented out so this takes the sting out of me going to school and dropping my income.

Credit Cards: $800

  • With my MBNA Rewards World Elite® Mastercard®, I used up $350 of points towards my iPad purchase
  • 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.

Article comments


Congratulations on achieving your $200K goal and increased net worth! Presently, our liabilities include credit card debt (though we pay it off every month, too) and a bank loan, which we promised to pay off within the first quarter of the year. However, there will be a higher liability coming our way as we will be purchasing our second home before the next school year starts.

Liquid says:

Take advantage of the snow before it starts to get warm again. Congrats on hitting your $200K goal.

BeachBoy says:

I’ve never really looked into your numbers, but you calculate Registered money the same way that you calculate Non-Registered one?
IMO anything inside an RRSP needs to be accounted after-tax in order to reflect a true net worth, as your other debt and assets are after tax. With counting your RRSP as 1:1 you show a higher net worth that it would really be should you liquidate everything.