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I've returned from my quarter life crisis excursion and boy was it worth the money I spent on it.

$323,950 (-0.4%)

I’ve returned from my quarter life crisis excursion and boy was it worth the money I spent on it.  I know I’m displaying the annoying YOLO mentality, but really, you do.  Whatever floats your boat, go do it.  Some people enjoy concerts, expensive purses, or nice decor.  Me? I like my traveling. 🙂

Although my net worth is down again this month, I’m okay with that (haha I’m really trying not to sound defensive, really).  I know that this month I spent a lot of money but I really enjoyed it.  Especially my $60 Zara shoes.

Oh, and I had to pay some taxes too.

I haven’t done much with my investment portfolios (whoops, I suppose that was on my to-do list), but the market has been okay so far.  Still wary of the “sell in May and go away” thing to happen though like it did last year.

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

In This Article:


CASH: $263,090 (-0.8%)

  • 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 $4500 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 (-1.2%)

  • 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: $24340 (+2.6%)

  • 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.

TFSA: $36280 (+1.5%)


  • 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: $2110

  • Credit card spending was crazy again this month!  I didn’t want to look at my statement. Haha.  Oh well, lots of points 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.

Article comments

Liquid says:

Good thing doing those taxes only come once in a year. I’m sure your net worth will start to move back up again in May, unless we see a major sell off like you mentioned >_< but hopefully not.

Young says:

@Liquid- hopefully not I agree! 🙂

Nice work!

I wouldn’t worry about your non-registered accounts too much, until you have a healthy RRSP and maxed out TFSA.

Young says:

@MOA- Thanks Mark! Yeah, I’m totally neglecting my non-registered. So glad that the TFSA came around. Revolutionalized my stock portfolio.

Oh well, it happens. At least you’re holding the line pretty well. It’s only down a tiny bit. Your trip is worth it though. Good luck next month!

Young says:

@RB40- Thanks Joe! 🙂


Why do you pay more than the minimum required for your HBP repayments? It’s a loan from you to you at no interest. You lose the tax advantage for the year when you do this. Other than reducing the loan from yourself to yourself to zero, you should take the 15 years to pay it back 🙂

Leigh says:

I think that because of her pension, she doesn’t actually have much RRSP room each year, so her HBP repayments are most of what she puts into her RRSPs.

Glad you enjoyed Europe! Any cute boys? 😉

Young says:

@Leigh- Yes you’re right. AND my income is low this year and last year so I wanted to repay the HBP while I could. I mean, I could pay 1/15 each year but that’s 1/15 less for RRSP deduction, is it not?

Hah, yes lots and lots of handsome men! Good eye candy 🙂

Young says:

@PIE- See my response to Leighs’ comment! 🙂 Do you agree? Or maybe my reasoning is incorrect?