Net Worth Update

As of October 1st, my net worth was $91 013 (up 4.7% from $86 909). If I exclude house-related assets and liabilities, my net worth was $62 822 (up 6.5% from $58 963). Another month with significant updraft in the equity markets. Spending was fairly stable, although some items that are usually paid cash were put on the credit card. The end result is a wash, since I end up with more cash in my account but stable liabilities (which usually go down month after month). All told, this was a great month for my finances.

Assets ($155 973, up 2.7% from $151 903)

• Bank Accounts $6 457 (up 33% from $4 849)
• Emergency Funds $2 038 (down 24% from $2 697)
• RRSP Accounts $40 993 (up 6.7% from $38 418)
• Non-Registered Investments $18 231 (up 6.7% from $17 094)
• Home $88 050 (stable)

Liabilities ($64 960, down slightly from $64 994)

• Credit Cards $4 902 (up 4.2% from $4 706)
• Mortgage $59 859 (down 0.4% from $60 105)
• Line of Credit $0 (stable)

Ratios

• Debt / assets: 0.417 (down from 0.428)
• House value / total assets: 0.565 (down from 0.580)

I moved some money from my emergency funds to my bank account, in order to pay for the repairs to the chimney (estimated to $1 350). There were some delays on the work (due to rain), so the money will be paid out only in October.

Both my registered and unregistered investments went up significantly again this month, while the credit cards went up a little bit. (Remember that the amount on my credit cards is either 0% financings or the current balance that gets paid every month. So it is all non-interest bearing debt.)

I also sent in the papers to open a TD Waterhouse brokerage account (for the equity side of my TFSA). I also did the same for a new credit card to replace my current one. More on these later.