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.

June 2011 Net Worth Update

Currently I am 100% debt free and tracking my Net Worth. My current Net Worth is $391,807.

The monthly percentage increase is: 1.71%

The year to date percentage increase is 7.26%

The break down is as follows:

Savings / Future Home Down Payment: $148,930 Percentage Increase: 4.13%

This has an abnormally large increase because I am not including the balance in my chequing account at the beginning of the month Normally it is around $2,000.

RRSP: $142,733 Percentage Increase: -0.26%

Pension Plan: $91,291 (estimated)

Vehicle: $8,853 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 I am happy to see an increase of 1.71%, although some of that is due to me adding another account. I will have a bit of business income in June which will help, but I have also been using my credit card a little more freely than usual so it may even out.

It seems I have been spending more money than usual as my credit card bill has been substantially higher the last couple of months. I will have to look at this in greater detail.

In August I have 24 days off and I will be spending a great deal of this time mountain biking in Banff National Park. This will end up being fairly expensive, but definitely worth it. I am not going to concern myself that much about my progress in June, July and August and I will get focused again in September.

May 2011 Net Worth Update

Currently I am 100% debt free and tracking my Net Worth.  My current Net Worth is $385,219

The monthly percentage increase is: 1.68%

The year to date percentage increase is 5.46%

The break down is as follows:

Savings  / Future Home Down Payment: $143,202 Percentage Increase: 2.67%

RRSP:  $141,505    Percentage Increase:  1.13%

Pension Plan:  $89,963 (estimated)

Vehicle:  $9,127  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 I am happy to see an increase of 1.68%.  I will have some business income in April and May so I should be able to exceed my goals for those months as well.

No major changes for income or expenses this month, but I did tend to eat out a bit more than usual.  I will be moving my RRSPs this coming month to a different institution which will cut the fees in half.  I am looking forward to the end of June when I will be done paying CPP and EI for the year.  Some extra money on the pay cheques never hurts.

April 2011 Net Worth Update

Currently I am 100% debt free and tracking my Net Worth.  My current Net Worth is $378,856.

The monthly percentage increase is: 1.28%

The year to date percentage increase is 3.72%

The break down is as follows:

Savings  / Future Home Down Payment:  $139,303 Percentage Increase: 2.28%

RRSP:  $141,505    Percentage Increase:  0.48%

Pension Plan:  $88,369 (estimated)

Vehicle:  $9,409  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 I am happy to see an increase of 1.28%.  I will have some business income in April and May so I should be able to exceed my goals for those months as well.

My major expense is rent and I pay it every 3 months so there will be months where the increases are not as prominent.  This was a rent month.

March 2011 Net Worth Update

Currently I am 100% debt free and tracking my Net Worth.  My current Net Worth is $374,051.

The monthly percentage increase is:  2.35%

The year to date percentage increase is 2.35%

The break down is as follows:

Savings  / Future Home Down Payment:  $136,204    Percentage Increase:  3.94%

RRSP:  $140,829    Percentage Increase:  1.88%

Pension Plan:  $87,318 (estimated)

Vehicle:  $9,700  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 I am happy to see an increase of 2.35%.  I will have some business income in March so I should be able to exceed my goal for that  month as well.

My major expense is rent and I pay it every 3 months so there will be months where the increases are not as prominent.