Category Archives: Net Worth

Net Worth Feb 2017 Update : $14,182.08 (-$2,674.45 -15.87%)

Net Worth Update for the month February 2017

Assets Jan-17 Feb-17 Monthly Change
Checking $1,124.48 $1,500.59 33.45%
Saving $8.35 $8.35 0.00%
TSFA Investment $590.00 $637.90 8.12%
RRSP Investment $0.00 $0.00 0.00%
House $215,000.00 $215,000.00 0.00%
Car $15,000.00 $12,547.00 -16.35%
Liability
Mortgage $202,819.97 $202,308.25 -0.25%
Car loan at 0% $11,671.36 $11,342.71 -2.82%
Credit Card $374.97 $1,860.80 396.25%
NET WORTH $16,856.53 $14,182.08 -15.87%

This is one of the worst month since I’ve started following my net worth. February is a small month but that should not explain the huge drop I had.

One thing your can notice is that my car value dropped a lot. I’ve started to track my car value with the Canadian black book so that’s why it dropped so much in my car value.

Income

This month was short and I’ve got 4 pay and I’ve also taken two sick days which were paid full last January.  These days were to take care of my baby so it was not really some fun day. This have lower my income to 2 819$. Which is 1000$ less than my average income.

Expense

This month was a big month for my expense since we had 600$ in municipal max and 219$ car plate to pay. Also, my internet and tv bill increased but I’ve called and renewed the retention rebate near the automatic payment so I should get a credit on my next bill. Next step, I will cut the tv. In total, I’ve spent 3 831$. This is my average spending.

Saving

This month I’ve saved some money to my investment account. I’ve saved a total of 40$ which is included in my total spending. I’ve saved 1.41% of my income which is way less than my goal of 5%, but it’s a start.

Next month, I’m looking to increase my saving to at least 3% and my net worth should go up since I will get back 1500$ from my 2016 tax and it’s a 5 weeks month so I will be paid 5 times.

Readers: How was your February month?

Net Worth Jan 2017 Update : $16,856.53 (+$3,635.14 +27.49%)

Assets Nov-16 Jan-17 Monthly Change
Checking $185.62 $1,124.48 505.80%
Saving $943.55 $8.35 -99.12%
TSFA Investment $503.28 $590.00 17.23%
RRSP Investment $0.00 $0.00 0.00%
House $215,000.00 $215,000.00 0.00%
Car $15,000.00 $15,000.00 0.00%
Liability
Mortgage $203,839.93 $202,819.97 -0.50%
Car loan at 0% $12,328.66 $11,671.36 -5.33%
Credit Card $2,242.47 $374.97 -83.28%
NET WORTH $13,221.39 $16,856.53 27.49%

One of my goal for 2017 is to do monthly update of my net worth so let’s start with this one.

My net worth is going up again but next month it look like it will go down a little bit. Some big expense are coming like buying the small business Turbotax, which is around 100$ and paying my municipal tax, which are 600$ and the car license, which are around 200$. On the plus side my wife will make a little bit more next month since she found one new client (kid). We’ve made the choice that she will stay home for our baby since we think it’s the best for him, but this choice will bring home less money than before.

In January, I paid my credit card before the end of the month since I had the money and to start back budgeting. I found that was easier to start with 0$ on my credit card.

In January, our expense were  4059.62$ and our income were 5177.67$. Which make a surplus of 1118.05$. I had a boost in my income since my job pay my 10 sick day in the beginning of the year. Also, I invested in some washable diaper for my kid to save on the long term. This will be a subject of a post when I will finish crunching some number.

It look like I don’t have any saving at all, but since I’m using Tangerine for my account, I got all my money out of my saving account to my check account and I’m waiting until they have a new promotion with new deposit.

Readers : How was your January month ?

Net Worth Nov 2016 Update : $13,221.39 (-$370.04 -2.72%)

Assets Jul-16 Nov-16 Monthly Change
Checking $1,033.58 $185.62 -82.04%
Saving $653.58 $943.55 44.37%
TSFA Investment $1,280.99 $503.28 -60.71%
RRSP Investment $0.00 $0.00 0.00%
House $215,000.00 $215,000.00 0.00%
Car $17,000.00 $15,000.00 -11.76%
Liability      
Mortgage $205,866.04 $203,839.93 -0.98%
Car loan at 0% $13,643.26 $12,328.66 -9.64%
Credit Card $1,867.42 $2,242.47 20.08%
NETWORTH $13,591.43 $13,221.39 -2.72%

First I will have to say that I am sorry for being away from the blog in the last couple months. Life with a baby and all our project were a little bit overwhelming.

I invested a lot of time in a side buisiness website that doesn’t seems to start selling. I can do a nice profit on the stock I’m selling but it’s maybe a too small niche.

For my net worth, as you can see I’ve lost money in the last couple months. My wife was at 50% of her salary since it’s the end of her parental leave and we had to invest some money on the house.

This is a quick update on my net worth and I will try to keep you updated more often. Next update gonna be my portfolio.

Net Worth July 2016 Update : $13,591.43 (+$1,259.79 +10.22%)

Assets May-16 Jul-16 Monthly Change
Checking $1,571.08 $1,033.58 -34.21%
Saving $125.43 $653.58 421.07%
TSFA Investment $1,554.69 $1,280.99 -17.60%
RRSP Investment $0.00 $0.00 0.00%
House $215,000.00 $215,000.00 0.00%
Car $17,000.00 $17,000.00 0.00%
Liability      
Mortgage $206,872.22 $205,866.04 -0.49%
Car loan at 0% $14,300.56 $13,643.26 -4.60%
Credit Card $1,746.78 $1,867.42 6.91%
NETWORTH $12,331.64 $13,591.43 10.22%

This net worth update is a two months update. Last month I didn’t had the time to write some post so it’s a nice grow from may. Next month should be a lower grow since it’s school and municipal tax month.

 

Readers : How is your net worth ?

Net Worth May 2016 Update : $12,331.64 (+$5.92 +0.05%)

Assets Apr-16 May-16 Monthly Change
Checking $1,263.86 $1,571.08 24.31%
Saving $2,130.73 $125.43 -94.11%
TSFA Investment $1,324.36 $1,554.69 17.39%
RRSP Investment $0.00 $0.00 0.00%
House $215,000.00 $215,000.00 0.00%
Car $17,000.00 $17,000.00 0.00%
Liability
Mortgage $207,373.59 $206,872.22 -0.24%
Car loan at 0% $14,629.21 $14,300.56 -2.25%
Credit Card $2,390.43 $1,746.78 -26.93%
NETWORTH $12,325.72 $12,331.64 0.05%

This month Net worth didn’t grow a a lot. A least it’s in the positive side. We had a lot of spending related to the our house. First summer in the house so a lot of tools needed.  I will try have a better grow in my investment account.

Net Worth April 2016 Update : $12,325.72 (+$388.71 +3.26%)

Assets Mar-16 Apr-16 Monthly Change
Checking $3,607.78 $1,263.86 -64.97%
Saving $51.25 $2,130.73 4057.52%
TSFA Investment $980.57 $1,324.36 35.06%
RRSP Investment $0.00 $0.00 0.00%
House $215,000.00 $215,000.00 0.00%
Car $17,000.00 $17,000.00 0.00%
Liability
Mortgage $207,873.85 $207,373.59 -0.24%
Car loan at 0% $14,957.86 $14,629.21 -2.20%
Credit Card $1,870.88 $2,390.43 27.77%
NET WORTH $11,937.01 $12,325.72 3.26%

This is my third net worth post. The mortgage and the house is owned by me and my wife. The others entry are only my numbers and do not count my wife net worth.

This month is not as high as expected. I was looking to be around 13000$ of net worth. My wife had trouble to get her  parental leave so I had to pay a little more at the end of the month.

Also, my side hustle did not sold for 100$ of stuff since my stock arrive at the end of the month and sold for around 20$.

For the next month, I am not looking to improve my net worth since I have to work on the outside of the house and I need some tools like a lawn mower. I would like to put more money in my TSFA but I am not sure it will be possible.

Readers : Did your net worth grow last month ?

Net Worth March Update : $11,937.01 (+31.19%)

Assets Feb-16 Mar-16 Monthly Change
Checking $538.00 $3,607.78 570.59%
Saving $2,233.00 $51.25 -97.70%
TSFA Investment $815.00 $980.57 20.32%
RRSP Investment $0.00 $0.00 0.00%
House $215,000.00 $215,000.00 0.00%
Car $17,000.00 $17,000.00 0.00%
Liability  
Mortgage $208,372.00 $207,873.85 -0.24%
Car loan at 0% $15,615.00 $14,957.86 -4.21%
Credit Card $2,499.64 $1,870.88 -25.15%
NET WORTH $9,099.36 $11,937.01 31.19%

This is my second net worth post. The mortgage and the house is owned by me and my wife. The others entry are only my numbers and do not count my wife net worth.

This month was kind of rough in income since I’ve got 1 week of 0$ income and an other one that was cut by half. Luckily it was a 5 week month so it’s not that bad and I’ve got 1000$ from my parents to buy some stuff for the house.

I had to use my saving to pay all the bills. These saving were in a 0.8% register saving account so it’s not a big lost and I will make it again to the amount it was. The amount I didn’t used to pay my bills is in my checking account. Also, I’m trying to get one month of mortgage payment in my mortgage checking account. I consider this as money to be used if I can’t pay the mortgage for a month or if the money is not transfer fast enough between banks.

The TSFA investment account grow a lot this month since I added $150 in cash in it. Also, I’ve  started a little day to day trading in it to make it grow faster.

I also invested 286.11$ USD in my side hustle in the last week of the month to buy a new inventory. In the month of march, I’ve sold for 43.75$ of stuff. This is not my profit, but the revenue of the month. With this investment, I am looking to make the revenue of the side hustle around 100$ for the next month.

Readers : Did your net worth grow last month ?

Net Worth February Update : 9,099.36

Assets Feb-16
Checking $538.00
Saving $2,233.00
TSFA Investment $815.00
RRSP Investment $0.00
House $215,000.00
Car $17,000.00
Liability  
Mortgage $208,372.00
Car loan at 0% $15,615.00
Credit Card $2,499.64
NET WORTH $9,099.36

This is my first net worth post. The mortgage and the house is owned by me and my wife. The others entry are only my number and do not count my wife.

The TSFA and RRSP are at Questrade and are invested in some ETF. I am trying to follow the couch potato method.

All my credit card are paid in full every month so I don’t get charge any interest. Also this was not the best month to start looking for my net worth since I was in paternity leave for almost 2 month and only starting to get my job pay in march.

Every month, I will post my net worth to see if it going up or down. At this amount, it should go up every month. My goal are to put more investment and start contributing to my RRSP account.

Also, I will try the website Networkshare to get a graphic of my net worth for the next month.

 

Readers : How are you tracking your net worth ?