Net Worth Update

As of December 1st, my net worth was $105 161 (up 3.9% from $101 220). If I exclude house-related assets and liabilities, my net worth was $68 196 (up 5.7% from $64 503). That's the fifth month in a row where my net worth increases significantly. It looks like my predictions that the equity markets would have another downward leg were incorrect, at least for now. I still don't think we're out of the woods yet.

Assets ($168 279, up 1.7% from $165 447)

• Bank Accounts $4 452 (down 9% from $4 907)
• Emergency Funds $2 041 (up slightly from $2 040)
• RRSP Accounts $44 587 (up 3.7% from $42 966)
• Non-Registered Investments $20 123 (up 9.7% from $18 351)
• Home $96 330 (stable)

Liabilities ($63 117, down 1.7% from $64 227)

• Credit Cards $3 481 (down 20% from $4 384)
• Mortgage $59 365 (down 0.4% from $59 613)
• Line of Credit $0 (stable)

Ratios

• Debt / assets: 0.375 (down from 0.388)
• House value / total assets: 0.572 (down from 0.582)

So, a bit less cash in the bank accounts at the end of the month, but I also spent less (as shown by the amount on the credit cards). December is upon us, so I expect a bit more spending to be done for Christmas -- either as gifts or as preparations for the Holiday feasts. I usually budget around $500-$700 for Holiday spendings.

This is also the part of the year when I complete my gifts to charities for the year. My budget for charities is around $300 per year, and slowly increasing as the years go by.

How much money do you spend for the Holidays? Do you give to charities?