Category Archives: Update

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 ?

Goals for 2017

Goals 2017First post of this new year so happy New Year everybody. To start the New Year, it’s time to set some goals that can be measurable and are not out of my hand. Last year, I had some goals that weren’t measurable and some were too big to keep me motivate to reach them.

1. Trip to Disneyworld

We are going to Disneyworld this year. We have budgeted some money for that since last year and we already bought our ticket for the park. We took the 25% rebate for Canadian customer. So now we are looking for flight and a hotel on Disney site. If anybody have any tip on saving on flight, I will take it.

2. Budget all my money

I need to stick budgeting with YNAB. Since I have my kid, I was tracking my expense but not budgeting any of my money I had. Now my budget is up to date, so it will be easier to give a job to my money every week than trying to do it every month with a not up to date budget.

3. Make monthly net worth post

I will start again to update my net worth monthly since it motivating to see it grow by month. I’ve made sporadic post about it last year but 2017 will be different with a monthly post the first day of every month. In that way, I can keep a history from where I started.

4. Write a minimum of one article by month

I will try to write at least a post every month about personal finance or my life in general, so that the blog will have more activity in 2017. To make it happen, I will make time in my schedule to write some articles and I will use the schedule function of WordPress to publish them. In this way, I could write all my post in a month and have my 12 month post scheduled, so I will not have to worry if I can’t write for a month.

5. Buy a 2 in 1 laptop

I am looking to buy a little 2 in 1 laptop like the Asus transformer or HP 2 in 1 at low cost since it will be used for writing post and surf the web when I don’t want to go to my full pc in my office in the basement. With a baby of 13 months, it’s easier to get something portable and small to be use when I have couples minutes.

6. Saving 5% of my paycheck

I am looking to start again saving for investment so this goal it’s a small percentage but it possible to make it happen every paycheck. That’s going to be around 25$ weekly. Once this goal is reach, it will be easier to grow that amount in the future than starting from 0%.

Readers: Have you set your 2017 goal? If yes what are they?

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.

Goal Update April

Hello everyone, this is my goal update of april.

This month is a good month for my goal.  I kept selling stuff on Ebay which gonna cover the inventory fee and all the other are success or on its was.

Goal updates :
  • Goal 1 : Get 2000$ ahead to cover the expense of next month On its way

I am now at around 1000$ to cover next month expense. It’s 700$ morethan the last update,

  • Goal 2 : Add 100$ month in my RSSP On hold

No modification since the last update. This goal will be put on hold for the moment and but this year I need to put some in the RSSP. Instead of adding money to my RSSP, I’ve added some to my TSFA account.

  • Goal 3 : Add 100$ month in my Emergency Funds Success

I’ve added 100$ to my mortgage checking account to have a month worth of payment in it. I’m considering this my emergency funds.

  • Goal 4 : Get a new tablet Failed and cancelled

This goal will not be completed.

  • Goal 5 : Keep this blog updated Success

I posted regularly in April.

  • Goal 6 : Trade cryptocurency. (Bitcoin, Dogecoin, Litecoin …) On it’s way

I’ve traded some cryptocurency.

  • Goal 7: Add or speed 100$ biweekly for the incoming baby.   Cancelled
  • Goal 8 : Make at least one trade in Questrade by trimester – Success

I’ve made a trade in April.

  • Goal 9 : Get a new inventory for the business. Success

I’ve bought for around 350$ of stuff to sell. This should make around 700$.

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 ?

Dividends review – March 2016

DividendsHello readers, this is my dividends review for march. Something is new this month and I’ve choose to review the one that pay in march and not the one with a record date of march. It’s more easy to keep track like that.
Dividends from ETF Holdings:
  • ZRE have pay 0.088$ per share on 4 march 2016. I will receive 0.70$ from ZRE.
  • VDY have paid 0.126995$ per share on 7 march 2016. I will receive 2.03$ from VDY.
  • VDY have paid 0.060698$ per share on 24 march 2016. I will receive 0.97$ from VDY.
  • VXC have paid 0.112089$ per share on 24 march 2016. I will receive 0.56$ from VXC.
So I’ve receive 4.26$ of dividends in march 2016
Readers: how was your dividends last month ?

Goal Update March

Hello everyone, this is my goal update of march.

This month is a good month for my goal.  I’ve only failed to get new inventory for my business since I had other thing to pay before investing more in this.  Also, I kept selling stuff on Ebay which gonna cover the inventory fee.

Goal updates :
  • Goal 1 : Get 2000$ ahead to cover the expense of next month On its way

I am now at around 300$ to cover next month expense. It’s 200$ less than the last update but I had some income trouble at the beginning of the month.

  • Goal 2 : Add 100$ month in my RSSP On hold

No modification since the last update. This goal will be put on hold for the moment and but this year I need to put some in the RSSP. Instead of adding money to my RSSP, I’ve added some to my TSFA account.

  • Goal 3 : Add 100$ month in my Emergency Funds Success

I’ve added 100$ to my mortgage checking account to have a month worth of payment in it. I’m considering this my emergency funds.

  • Goal 4 : Get a new tablet Failed and cancelled

This goal will not be completed.

  • Goal 5 : Keep this blog updated Success

I posted regularly in march

  • Goal 6 : Trade cryptocurency. (Bitcoin, Dogecoin, Litecoin …) On it’s way

I’ve traded some cryptocurency.

  • Goal 7: Add or speed 100$ biweekly for the incoming baby.   Cancelled
  • Goal 8 : Make at least one trade in Questrade by trimester – Success

I’ve made a trade in March

  • Goal 9 : Get a new inventory for the business. – Failed

I’ve not bought anything since I had some income problem at the beginning of the month.

New Buy : Titan medical inc – TMD.to

Today, I’ve bought 76 stocks of Titan Medical Inc (TMD.TO) at 1.09$ each. I readed about this company and it seems to be promising. They are in the surgeon controled robotic sector, which seems a promising sector in my eye. Also, TMD.TO will make a demo the 16-17 march at a conference in the medical domain so this could help the company to get more visibility.

I was looking to get some risky stock in my portfolio to make it grow and get a better return. I needed to add some risky stock to get this category in my portfolio. Also these risky action, I consider it as day to day trading and some fun money.

Ps : I will post every new stock I buy or sell in the blog.

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 ?