Net Worth Update

As of January 1st, my net worth was $108 935 (up 3.6% from $105 161). If I exclude house-related assets and liabilities, my net worth was $71 722 ( up 5.2% from $68 196. Again a nice increase in my net worth, although this time a significant part is this one was because December was a 3-pay month.

Assets ($172 843, up 2.7% from $168 279)

• Bank Accounts $6 761 up 52% from $4 452)
• Emergency Funds $2 252 (up 10% from $2 041)
• RRSP Accounts $45 200 (up 1.4% from $44 587)
• Non-Registered Investments $21 708 (up 7.9% from $20 123)
• Home $96 330 (stable)

Liabilities ($ 63 908, up 1.3% from $63 117)

• Credit Cards $4 477 (up 29% from $3 481)
• Mortgage $59 117 (down 0.4% from $59 365)
• Line of Credit $0 (stable)

Ratios

• Debt / assets: 0.370 (down from 0.375)
• House value / total assets: 0.557 (down from 0.572)

So, more cash in the bank account (that third pay in December) but also higher credit card debt (Holliday shopping). At the end, more money came in that went out, so things are good. I'll have to be careful at the beginning of the year, since withholding contributions to the RRQ (that's Quebec's basic retirement plan) and employment insurance will be starting again (I maxed out on the contributions in September). This will reduce my net pay by about $300 per month, so there will be a little less cash coming in. There's also the municipal taxes coming soon. So I'll make sure to keep a solid cash position.

I will be doing a year-end review of my finances in one or more as separate posts, to analyze different areas of my 2009 finances.