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.

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.

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.

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.

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.

The break down is as follows:

Savings  / Future Home Down Payment:  $131,041    Percentage Increase:  N/A

RRSP:  $138,236    Percentage Increase:  N/A

Pension Plan:  $86,000

Vehicle:  $10,000  Percentage Decrease:  N/A   (Depreciates 3% per month)

I have set my goal of having a 1% increase per month in my Net Worth.

The increase in business income did cover my RRSP contribution and set us up fairly well for the Christmas spending.

Our current net worth is $770,860, which is an increase of $28,300.  The balance in our All In One Mortgage account is $162,397.  This represents the debt on our primary residence.  Just over half of the increase can be attributed to the extra income in the previous two months.  Unfortunately, business has slowed a bit and we will not be experiencing the growth we saw until things pick up again.

This will also allow me some extra time to post this month, so stay tuned for more!

Have a great month!

The business income has now more than paid for our annual vacation in August and the unexpected vacation for my better half and her son.   It will also help with my RRSP contribution this month.

Our current net worth is $742,553, which is an increase of $62,044 and our balance in our All In One Mortgage account is $171,397.  The represents the debt on our residence.  A majority of this increase in net worth comes from a $50,000 error on a pension plan.  Oops.  It still means that we did increase our net worth by over $12,000 in September which is huge for us.

I am hoping I have time to post about a couple of different experiences this month.  The fan in my truck stopped blowing warm or cold air and with the current weather I need both daily.  This has been fixed.  I also want to write about my trip to the mountains this last weekend.

Have a great month!

Our current net worth is $680,509, which is an increase of $5,265 and our balance in our All In One Mortgage account is $177,059.  The represents the debt on our residence.  With September being a good month for business income we are hoping to be able to report an  increase in our net worth of more than $10,000.

I also hope that I have some more time to blog, but I am not sure that will happen.  I will have to see.

I still believe most people will be better off by paying off all of their debt before investing, but with our overall goals there are a couple of things that we cannot overlook. Currently I work full time and have my own business part time. When we are debt free I will leave my full time employment and work on my business full time. Unless we are very fortunate my income will drop as I expand my business.

We intend to contribute to my RRSP while my income is high and I am heavily taxed. When my income drops it will present us with an opportunity to withdraw from funds from my RRSP if required. It is off in the future, but if I incorporate my business and do not take any income from it I should be able to withdraw a certain amount from my RRSP tax free. Although this will take some more research and planning I will be pursuing it when I leave my full time employment.

The other opportunity is buying back pensionable time for my spouse. I will be evaluating this in the next couple of months to determine if it is the best course of action for us.