Net Worth Update

As of October 1st, my net worth was $47 780 (up 3.9% from $45 984).

If I exclude house-related assets and liabilities, my net worth is $36 316 (up 4.7% from $34 671).

Assets ($118 321, up from $117 089)

• Bank Accounts $4 246 (down 32% from $6 252)
• Emergency Funds $2 729 (down 3.4% from $2 825)
• RRSP Accounts $30 974 (up 9.8% from $28 213)
• Non-Registered Investments $4 214 (up 15% from $3 641)
• Home $75 600 (stable)

Liabilities ($70 542, down 0.8% from $71 105)

• Credit Cards $3 195 (down 5.5% from $3 380)
• Student Loan $3 156 (down 7.1% from $3 399)
• Mortgage $56 890 (down 0.2% from $56 994)
• Heat Pump Loan $7 247 (down 0.6% from $7 293)

This month, I moved some money to my RRSP, which negatively impacted my bank accounts. I plan on maxing out my 2007 RRSP contributions before the end of the year, as well as a $2000 repayment to my Home Buyer Plan (which is more than the minimum I have to pay back every year).

Another encouraging thing is to see my student loan melting fast. It will be fully paid back in December 2008. I never accelerated repayment of this loan, since the interests are tax-deductible. Still, it will be nice to see that one go!