Net Worth Update

As of December 1st, my net worth is $69 761 (down 1.6% from $70 885). If I exclude house-related assets and liabilities, my net worth is $45 557 (down 2.8% from $46 852). Things were still quite crazy on the financial markets at the beginning of the month, but they seem to be slowly stabilizing (meaning they're not dropping as fast as they did). I wouldn't be surprised, however, if the recession was to drag on for quite a while. But it is nototiously hard to predict these things, so I'm not going to worry about it and I'll stick to my plan.

Assets ($135 692, up 0.3% from $135 276)

• Bank Accounts $3 632 (up 10% from $3 291)
• Emergency Funds $3 354 (up 0.4% from $3 340)
• RRSP Accounts $32 889 (up 1.1% from $32 527)
• Non-Registered Investments $9 668 (slightly up from $9 660)
• Home $86 100 (stable)

Liabilities ($65 932, up 2.4% from $64 391)

• Credit Cards $3 992 (up 73% from $2 306)
• Mortgage $55 350 (down 0.2% from $55 469)
• Heat Pump Loan $6 545 (down 0.7% from $6 597)
• Line of Credit $0 (stable)

As planned, my credit card debt has risen due to some important car repairs. These were financed under a no-interest, 12-month payment plan. There was a slight delay for the replacement of our windows, so they haven't been billed on our line of credit yet. Due to that delay, we were able to negociate an arrangement under which they will be paid in two installments -- one in December and the other next May. So the replacement of those windows will have a lower impact on my monthly situation. By the time the second installment is to be paid, the first one will be long gone from our line of credit. We may even be able to pay for the second one without using the line of credit.