If I compare this to last year, my net worth went up by $12 658 from $58 058, an increase of 22%. If I exclude house-related assets and liabilities, my net worth went up by $7 194 from $38 944, an increase of 19%.
Not bad at all, considering that the sotck markets took quite a hit starting in September. That had no negative effect on the value of our house, so that part helped keep up the overall number.
Assets ($136 390, up 0.5% from $135 692)
- Bank Accounts $4 785 (up 32% from $3 632)
- Emergency Funds $3 378 (up 0.7% from $3 354)
- RRSP Accounts $31 861 (down 3.1% from $32 889)
- Non-Registered Investments $10 400 (up 7.5% from $9 668)
- Home $86 100 (stable)
Liabilities ($65 873 (down 0.1% from $65 932)
- Credit Cards $4 086 (up 2.4% from $3 992)
- Mortgage $55 230 (down 0.2% from $55 350)
- Heat Pump Loan $6 492 (down 0.7% from $6 545)
- Line of Credit $0 (stable)
Christmas shopping has kept my credit card debt fairly stable (it had risen last month due to some important car repairs). This should go down again this month, although a refill of the heating oil tank might limit that decrease somewhat. Municipal tax season is also approaching, so available cash will be somewhat tighter. Bank accounts were higher at the end of the month due to a 3-pay month. Otherwise, my net worth would have decreased.
A second payment for the windows has just been done, but I used cash to pay for my part of it, so the line of credit will remain at 0. Next payment will be in May, and at that time we will probably put in the order for the second part of the house (another $3 000). We are also planning some other home renovations for this year. The chimney needs some attention, and I'm not sure how much that will cost. The roof will also need to be reshingled soon, although it hasn't sprung any leak yet.