It feels good to have a positive month after all those negative months. Much of the increase was due to a comeback in the markets. Things have been much better on the debt side, as I paid back some of my line of credit and controlled spending more tightly on the credit cards. Let's see the details!
Assets ($134 358, up 0.3% from $133 989)
- Bank Accounts $3 789 (down 14% from $4 425)
- Emergency Funds $2990 (down 12% from $3 394)
- RRSP Accounts $30 018 (up 3.5% from $28 993)
- Non-Registered Investments $11 355 (up 5.8% from $10 728)
- Home $86 100 (stable)
Liabilities ($ 65 265, down 4.2% from $68 115)
- Credit Cards $2 964 (down 36% from $4 642)
- Mortgage $54 867 (down 0.2% from $54 989)
- Heat Pump Loan $6 328 (down 0.9% from $6 386)
- Line of Credit $1 000 (down 50% from $2 000)
So my bank accounts have come down from last month, partly due to planned expenses and partly from paying down half of my line of credit. The other big item was credit card debt, which went down substancially this month as a reined in spending. It shows too. so I'm happy with that.
My plan to concentrate on debt reduction for a couple of months is going well. I will keep doing that this month, but I expect May to be harder on liquidities, because of planned expenses for the house (second municipal tax payment and the last payment on the windows we replaced last fall).