Tag Archives: Net worth

Net Worth March 2017 Update : $15,607.85 (+$1,425.775 +10.05%)

This is my net worth update for March 2017

Assets Feb-17 Mar-17 Monthly Change
Checking $1,500.59 $1,621.78 8.08%
Saving $8.35 $2,908.35 34730.54%
TSFA Investment $637.90 $911.03 42.82%
RRSP Investment $0.00 $0.00 0.00%
House $215,000.00 $215,000.00 0.00%
Car $12,547.00 $12,113.00 -3.46%
Liability
Mortgage $202,308.25 $201,795.37 -0.25%
Car loan at 0% $11,342.71 $11,014.06 -2.90%
Credit Card $1,860.80 $4,136.88 122.32%
NETWORTH $14,182.08 $15,607.85 10.05%

Again another net worth update. This month it’s a good one, it’s in the positive. In February, we had a bad month with all the tax and another annual bill, but this month it was a normal month.

I’ve saved way more than last month in my TSFA. The saving account is higher because my wife transferred me some money to pay for our Disney trip and I only have to pay the trip in August.

Income

This month was short and I’ve got 5 pay and I’ve also taken two sick days which were paid full last January.  These days were for me this time since I was too sick to get out of bed. I’ve got 4084.12$ in income last month. This includes my tax return for 2016.

Expense

Last month, I’ve spent 2838.04 which is an incredible low spending month. It was a slow month since we didn’t have any annual bill to pay in that month. My average is around $3200.

Saving

This month I’ve saved some money to my investment account. I’ve saved a total of 340$. I’ve saved 8% of my income which is more than my goal of 5%. Let see if next month will be around that.

Readers: How was your February month?

Weekend Reading – Build Dividend Portfolio, $50 Day Strategy, Monthly Report

This is again an end a week so here’s the first weekend reading edition of march.

I’ve only posted a post this week but I have couple draft that I need to complete and edit them. I’ve tried to up my Pinterest game this week so you can follow me here. I’ve posted my net worth for February.

Here’s what I want to share with you for this weekend :

Million dollar journey explained How to Build a Dividend Growth Portfolio

Millennial Money wrote about the $50 A Day Early Retirement Strategy

Ryan from Millennial Legacy reviewed is second blogging month

Millennial Money Man have a new nice looking design for his blog.

I love to read about other bloggers monthly report. So here’s a couple one:

Readers: what are your plan for next week?

By the way, you know that you could get your own blog with Bluehost? For $3.95/month, you will have everything you need to start sharing your own experience on your own blog. If you need help to get started, you can look at my How to host your own blog post.

Warning : This post may content affiliate link

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.

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 ?