Net Worth Update

I haven't had time to post in July, and until August 14th I will be away on vacation.

As of July 31st, my net worth was $44 940 (up 6.4% from $42 229 on June 30th). This can be detailed between my assets and liabilities as follow.

Assets ($115 050, down 0.05% from $115 103)

• Bank Accounts $3 483 (down 11% from $3 913)
• Emergency Fund $5 018 (down 10% from $5 557)
• RRSP Accounts $27 828 (up 2% from $27 277)
• Non-Registered Investments $3 121 (up 13% from $2 756)
• Home $75 600 (stable)

Liabilities ($71 188, down 3.3% from $72 875)

• Credit Cards $2 813 (down 31% from $4 109)
• Student Loan $3 642 (down 6% from $3 884)
• Mortgage $57 098 (down 0.2% from $57 201)
• Heat Pump Loan $7 635 (down 0.6% from $7 681)

As you can see, most of the difference is from debt payments. I would like to point out that I pay down my credit cards completely each month -- I never carry a balance. But I do have two no-interest loans on one of my credit cards, on which I make a payment every month. It slightly inflates the amount I owe on my credit cards (about $1000).