Net Worth Update

As of May 1st, my net worth was $76 057 (up 10% from $69 093). If I exclude house-related assets and liabilities, my net worth is $49 057 (up 11% from $44 188).

That's an amazing rebound of my net worth, bringing me back to par with my highest net worth reached last September (before the financial crisis that led to the current recession). About $2K of this was due to an increase in my house's value, but another $3.7K was due to the markets rebounding. The rest was debt reduction financed from my salary.

Assets ($140 259, up 4.4% from $134 358)

• Bank Accounts $4 038 (up 6.6% from $3 789)
• Emergency Funds $3 007 (up 0.6% from $2 990)
• RRSP Accounts $32 751 (up 9% from $30 018)
• Non-Registered Investments $12 290 (up 8.2% from $11 355)
• Home $88 050 (up 2.3% from $86 100)

Liabilities ($64 202, down 1.6% from $65 265)

• Credit Cards $3 034 (up 2% from $2 964)
• Mortgage $61 050 (down 0.2% from $54 867+$6 328)
• Line of Credit $0 (down 100% from $1 000)

My line of credit is now completely paid off, and the Heat Pump loan was combined with the mortgage (thus the two amounts added together). Spending remained reasonable, as showned by the fairly stable amount on my credit cards.

In May I will have some fairly large payments to be made for the house. The second half of this year's municipal taxes (about $1K), as well as another payment for the replaced windows (another $1K). We will also begin improving our back yard, so I expect more expenses there. So I expect lower liquidities at the end of the month, and possibly a lower net worth as well.