July 2011 Net Worth Update

Currently I am 100% debt free and tracking my Net Worth. My current Net Worth is $394,354.

The monthly percentage increase is: 0.65%

The year to date percentage increase is 7.96%

The break down is as follows:

Savings / Future Home Down Payment: $140,979 Percentage Decrease: 5.34%

This decreased this month for a couple of reasons.  I made my maximum 2011 RRSP contribution which took a chunk.  I did receive some business income in June, but I also paid for a majority of my vacation in August.  They basically offset each other.

RRSP: $152,166 Percentage Increase: 6.61%

This increase was due to the annual RRSP contribution and due to the markets dipping a bit it I have actually lost some ground. Hopefully July is a better month.

Pension Plan: $92,622 (estimated)

Vehicle: $8,587 Percentage Decrease: N/A (Depreciates 3% per month)

I have set my goal of having a 1% increase per month in my Net Worth so a gain of .065% is a little disappointing. I have paid for a majority of my vacation already and although I am being a little less frugal with summer being here I am hoping I can still hit my 1% goals in July and August. With any luck the markets help me out a bit.

Over the summer I will be posting a little more, but mostly about my vacation.