Net Worth Update

I have changed the way I calculate the value of our house. Previously, I was simply using the municipal evaluation, which only changes every 3 years and do not really reflects the real value of the house. From now on, I will be using the average of the municipal evaluation and of the rebuilding cost established by my insurer (which is revised at least every year). That way, the estimated value should be closer to its real value. Changing the way I calculate the value of our house increased my net worth by about $9 000, which is taken into account in the following comparison (as noted by the "revised" numbers for last month).

As of May 1st, my net worth is $63 938 (up 4.4% from a revised $61 255). If I exclude house-related assets and liabilities, my net worth is $44 187 (up 6% from $41 655).

Assets ($137 779, up 1.8% from a revised $135 357)

• Bank Accounts $3 614 (up 5% from $3 437)
• Emergency Funds $2 700 (up 10% from $2 454)
• RRSP Accounts $34 815 (up 1.9% from $34 162)
• Non-Registered Investments $7 742 (up 4.2% from $7 428)
• Home $82 800 (stable using revised value)
• Arbitrage $5 000 (stable)

Liabilities ($73 840, down 0.4% from $74 102)

• Credit Cards $4 799 (up 4.9% from $4 573)
• Student Loan $1 408 (down 15% from $1 663)
• Mortgage $56 145 (down 0.2% from $56 253)
• Heat Pump Loan $6 904 (down 0.7% from $6 953)
• Arbitrage $4 402 (down 2.1% from $4 497)

I continued to build up liquidities, increasing both my emergency fund and the my regular bank account. Credit cards increased a little bit, as I had to repair the air conditioning in my car. I decided against using a 12-month financing for this, since my car is getting older and I don't want to have any debt on it when I replace it. Hopefully it will still last 2-3 more years.