My Money Journey

[YYC]

Very nice work. Only comment I might have is does it make sense to keep appreciating the house by 2% a year in this real estate market? I'm not sure that's a realistic expectation anymore.

[Daryl-Manitoba]

I actually dropped it to only 1% appreciation in the spring which could still be high, but does put it closer to where it should be.

[Daryl-Manitoba]

December 2012

Income
2009 Total Household Income - $74,000
2010 Total Household Income - $88,700 (+19.9%)
2011 Total Household Income - $89,600 (+1.0%)

Unregistered Investment Income - $21.04 (+2.3%)

Assets - $118,400 (+0.8%)

->Possessions - $96,300 (-0.2%)
--->House - $86,500 (0.0%)
--->Vehicles - $9,800 (-2.0%)

->Registered - $3,000 (+3.4%)
--->TFSA - $1,600 (+6.7%)
--->RRSP - $1,500 (+7.1%)

->Non Registered - $19,100 (+5.5%)
--->Bank Acc. - $14,800 (+6.5%)
--->Invest Acc. - $4,300 (+2.4%)

Liabilities - $35,500 (+1.7%)
->Mortgage - $22,600 (-1.7%)
->Investment LoC - $5,100 (+24.4%)
->Consumer Debt - $7,800 (0.0%)

Net Worth - $82,900 (+0.4%)

2012 Financial Goals
Don’t acquire any other debt beside Mortgage and possible a tax deductible investment loan.
Pay off LoC – $5561.20 paid onto $5,561.20 = 100% Complete (+0% to Goal)
Pay off other Loan – $3800.00 paid onto $3,800.00 = 100% Complete (+0% to Goal)
Fund Pension Buy Back 3913.90 paid onto $3,913.90 = 100% (+0% to Goal)
RESP – $4000.00 of $4,000.00 Invested = 100% (+7% to Goal)

2013 Financial Goals
Buy car and pay off by end of year.
RESP – Valued at $10,000, so increase by $4,553.87
TFSA – Valued at $5,000, so increase by $2,879.47
Mortgage – Under $18,000, so decrease by $4,250.04
Networth – Valued at $100,0000, so increase by $17,112
Unregistered Income – Over $40.00/month, so increase by $18.96

Well overall this was a decent month. Not much growth but we did manage to knock off our last goal for the 2012 year. Investment LoC was up another 1,000 this month as I sent a new set of cheques off to my DRIPs. Next month also see me back at work again so we will be back to having an income along with my wife’s maternity benefits. I think overall we survived that dual leave with no problems, amazing actually.

[Daryl-Manitoba]

January 2013

Income
2009 Total Household Income - $74,000
2010 Total Household Income - $88,700 (+19.9%)
2011 Total Household Income - $89,600 (+1.0%)

Unregistered Investment Income - $23.32 (+10.8%)

Assets - $121,900 (+3.0%) [+17.4%]

->Possessions - $96,100 (-0.2%) [-2.1%]
--->House - $86,600 (+0.1%) [+1.2%]
--->Vehicles - $9,500 (-3.1%) [-26.4%]

->Registered - $3,700 (+23.3%) [0.0%]
--->TFSA - $2,100 (+31.3%) [+∞%]
--->RRSP - $1,500 (0.0%) [-59.5%]

->Non Registered - $22,100 (+15.7%) [+1281.3%]
--->Bank Acc. - $16,800 (+13.5%) [+1100.0%]
--->Invest Acc. - $5,400 (+25.6%) [+2600.0%]

Liabilities - $35,000 (-1.4%) [-6.2%]
->Mortgage - $22,300 (-1.3%) [-16.5%]
->Investment LoC - $5,100 (0.0%) [+∞%]
->Consumer Debt - $7,700 (-1.3%) [-27.4%]

Net Worth - $86,900 (+4.8%) [+30.7%]

2012 Financial Goals
Don’t acquire any other debt beside Mortgage and possible a tax deductible investment loan. - Complete
Pay off LoC – $5561.20 paid onto $5,561.20 = 100%
Pay off other Loan – $3800.00 paid onto $3,800.00 = 100%
Fund Pension Buy Back 3913.90 paid onto $3,913.90 = 100%
RESP – $4000.00 of $4,000.00 Invested = 100%

2013 Financial Goals
Buy car and pay off by end of year.
RESP ($10,000) – Increased $253.00 of $4,553.87 = 6% (+6% to Goal)
TFSA ($5,000) – Increased $17.88 of $2,879.47 = 1% (+1% to Goal)
Mortgage ($18,000) – Decreased $0.00 of $4,250.04 = 0% (+0% to Goal)
Networth ($100,000) – Increased $0.00 of $17,112 = 0% (+0% to Goal)
Unregistered Income – Increased $2.28 of $18.96 = 12% (+12% to Goal)

Good start to the year; really good to see the gains again once I was back at work. I had lots of dividends coming in this month so drove that unregistered income up quite a bit. The numbers in the square brackets compare to the values from 1 year ago. Some pretty good gains with Assets increasing 17%, liabilities decreasing 6% leading to a total networth increase of 31% from last year. 2011 was all about debt payoff, 2012 was all about filling up the bank accounts, now for 2013.

[Daryl-Manitoba]

February 2013

Income
2009 Total Household Income - $74,000
2010 Total Household Income - $88,700 (+19.9%)
2011 Total Household Income - $89,600 (+1.0%)

Unregistered Investment Income - $23.87 (+2.4%)

Assets - $125,500 (+3.0%)

->Possessions - $95,900 (-0.2%)
--->House - $86,700 (+0.1%)
--->Vehicles - $9,300 (-2.1%)

->Registered - $3,800 (+2.7%)
--->TFSA - $2,300 (+9.5%)
--->RRSP - $1,600 (+6.7%)

->Non Registered - $25,700 (+16.3%)
--->Bank Acc. - $20,200 (+20.2%)
--->Invest Acc. - $5,500 (+1.9%)

Liabilities - $34,500 (-1.4%)
->Mortgage - $21,800 (-2.2%)
->Investment LoC - $5,100 (0.0%)
->Consumer Debt - $7,600 (-1.3%)

Net Worth - $91,000 (+4.7%)

2013 Financial Goals
Buy car and pay off by end of year.
RESP ($10,000) – Increased $762.97 of $4,553.87 = 17% (+11% to Goal)
TFSA ($5,000) – Increased $236.08 of $2,879.47 = 8% (+7% to Goal)
Mortgage ($18,000) – Decreased $473.06 of $4,250.04 = 11% (+11% to Goal)
Networth ($100,000) – Increased $8116.00 of $17,112 = 47% (+47% to Goal)
Unregistered Income – Increased $2.83 of $18.96 = 15% (+3% to Goal)

Overall this was a very good month with some large growth on the networth. Goals are coming along nicely. I’m thinking that the networth of 100,000 goal is going to be a lot easier than I was thinking. Although the second half of the year will have much slower growth. Our liabilities are the lowest they have ever been our assets are as high as they have ever been.

[Daryl-Manitoba]

March 2013

Income
2009 Total Household Income - $74,000
2010 Total Household Income - $88,700 (+19.9%)
2011 Total Household Income - $89,600 (+1.0%)
2012 Total Household Income - $94,100 (+5.0%)

Unregistered Investment Income - $24.40 (+2.2%)

Assets - $128,600 (+2.5%)

->Possessions - $95,800 (-0.1%)
--->House - $86,700 (0.0%)
--->Vehicles - $9,000 (-3.2%)

->Registered - $4,000 (+5.3%)
--->TFSA - $2,400 (+4.3%)
--->RRSP - $1,600 (0.0%)

->Non Registered - $28,900 (+12.5%)
--->Bank Acc. - $23,300 (+15.3%)
--->Invest Acc. - $5,600 (+1.8%)

Liabilities - $34,900 (+1.2%)
->Mortgage - $21,300 (-2.3%)
->Investment LoC - $6,100 (+19.6%)
->Consumer Debt - $7,500 (-1.3%)

Net Worth - $93,700 (+3.0%)

2013 Financial Goals
Buy car and pay off by end of year.
RESP ($10,000) – Increased $1186.54 of $4,553.87 = 26% (+9% to Goal)
TFSA ($5,000) – Increased $246.56 of $2,879.47 = 9% (+1% to Goal)
Mortgage ($18,000) – Decreased $951.53 of $4,250.04 = 22% (+11% to Goal)
Networth ($100,000) – Increased $10,809.00 of $17,112 = 63% (+16% to Goal)
Unregistered Income – Increased $3.36 of $18.96 = 18% (+3% to Goal)

Another month of good gains. I did another group of optional cash purchases on my DRIPs and so our liabilities did increase a bit this month. Assets are continuing to climb with a fair bit sitting in cash in the bank accounts. It seems strange having so much cash lying around, but the plan is to purchase a car out right in a few months. Completed our income tax this month and we will be getting a fairly decent refund which will come close to finishing off that net worth goal.

The mortgage renewal is coming up soon too, got the 120 day early renewal offer, that I will pass on for now. I will stick with my 2.5% rather than early renewing at 3.0%. I don’t really expect the rates to move much, and if they do, who cares, it is only 20,000.

[Daryl-Manitoba]

April 2013

Income
2009 Total Household Income - $74,000
2010 Total Household Income - $88,700 (+19.9%)
2011 Total Household Income - $89,600 (+1.0%)
2012 Total Household Income - $94,100 (+5.0%)

Unregistered Investment Income - $26.50 (+8.6%)

Assets - $133,900 (+4.1%)

->Possessions - $95,600 (-0.2%)
--->House - $86,800 (0.1%)
--->Vehicles - $8,800 (-2.2%)

->Registered - $4,100 (+2.5%)
--->TFSA - $2,500 (+4.2%)
--->RRSP - $1,600 (0.0%)

->Non Registered - $34,300 (+18.7%)
--->Bank Acc. - $28,000 (+20.2%)
--->Invest Acc. - $6,300 (+12.5%)

Liabilities - $34,400 (-1.4%)
->Mortgage - $20,800 (-2.3%)
->Investment LoC - $6,100 (0.0%)
->Consumer Debt - $7,500 (0.0%)

Net Worth - $99,500 (+6.2%)

2013 Financial Goals
Buy car and pay off by end of year.
RESP ($10,000) – Increased $1589.03 of $4,553.87 = 35% (+9% to Goal)
TFSA ($5,000) – Increased $329.89 of $2,879.47 = 11% (+2% to Goal)
Mortgage ($18,000) – Decreased $1426.60 of $4,250.04 = 34% (+12% to Goal)
Networth ($100,000) – Increased $16,653.00 of $17,112 = 97% (+34% to Goal)
Unregistered Income – Increased $5.46 of $18.96 = 29% (+11% to Goal)

Some pretty large gains this month, mostly due to getting a large income tax refund. Large refunds aren’t a great thing to get in the grand scheme of things, however there wasn’t much opportunity to mitigate that this year.

From the looks of it the Networth goal is about as good as done at this point, as long as I don’t have a fall back at any point. Mortgage and RESP and Income goals are right on track, TFSA is lagging behind but I think I should be able to make that up in pretty short order.

It is also time to get out there and buy a car so that will probably be reflected in the next update, the key is to do that without taking on debt which shouldn’t be an issue with my current cash balance.

[Daryl-Manitoba]

May 2013

Income
2009 Total Household Income - $74,000
2010 Total Household Income - $88,700 (+19.9%)
2011 Total Household Income - $89,600 (+1.0%)
2012 Total Household Income - $94,100 (+5.0%)

Unregistered Investment Income - $26.40 (-0.4%)

Assets - $134,400 (+0.4%)

->Possessions - $103,300 (+8.1%)
--->House - $86,900 (+0.1%)
--->Vehicles - $16,400 (+86.4%)

->Registered - $4,300 (+4.9%)
--->TFSA - $2,600 (+4.0%)
--->RRSP - $1,700 (+6.3%)

->Non Registered - $26,800 (-21.9%)
--->Bank Acc. - $20,100 (-28.2%)
--->Invest Acc. - $6,600 (+4.8%)

Liabilities - $33,900 (-1.5%)
->Mortgage - $20,300 (-2.4%)
->Investment LoC - $6,100 (0.0%)
->Consumer Debt - $7,400 (-1.3%)

Net Worth - $100,500 (+1.0%)

2013 Financial Goals
Buy car and pay off by end of year. - Complete
RESP ($10,000) – Increased $2090.64 of $4,553.87 = 46% (+11% to Goal)
TFSA ($5,000) – Increased $485.19 of $2,879.47 = 17% (+6% to Goal)
Mortgage ($18,000) – Decreased $1904.09 of $4,250.04 = 45% (+11% to Goal)
Networth ($100,000) – Increased $17,112.00 of $17,112 = 100% (+3% to Goal)
Unregistered Income – Increased $5.36 of $18.96 = 28% (-1% to Goal)

A few things of note this month. First we crossed the $100,000 net worth mark, thus completing our first goal of 2013. Secondly we bought a new (used) car, and paid for it in cash, this completing another goal.

As a result of deploying said cash on a car purchase, our Unregistered Investment Income slid by 10 cents this month, which in the grand scheme of thing is pretty damn good. Stock market was up a fair but and I can actually start seeing the market causing small changes in my portfolio. The value of my portfolio is not just a measure of how much savings I’ve put in each month.

It is time to pay off our 0% balance transfer this next month which will drop a significant portion of our debt. Quite a few of our annual expenses come up at this time of year so growth should be slow for the next few months, but should take off again in the fall.

[b_foot]

Nicely done. wish that we started saving sooner :-)