Net Worth Update

As of May 1st, my net worth was $119 075 (up 3.4% from $115 128). If I exclude house-related assets and liabilities, my net worth was $80 860 (up 4.8% from $77 165). My tax return explains some of this gain, but good control of expenses also helped.

Assets ($181 711, up 1.6% from $178 923)

• Bank Accounts $3 483 (up 21% from $2 889)
• Emergency Funds $2 259 (up 80% from $1 257)
• RRSP Accounts $54 594 (up 1.6% from $53 732)
• Non-Registered Investments $24 836 (up 2.9% from $24 141)
• Home $96 330 (stable)

Liabilities ($62 635, down 1.8% from $63 794)

• Credit Cards $4 456 (down 13% from $5 104)
• Mortgage $58 115 (down 0.4% from $58 367)
• Line of Credit $0 (stable)

Ratios

• Debt / assets: 0.345 (down from 0.356)
• House value / total assets: 0.530 (down from 0.538)

I've paid some attention to my credit cards this month, starting to pay down a no-interest financing plan that will come due this summer. I plan on paying it off and closing that account in July at the latest.

Summer is coming, and with it the continuation of our home renovations. We will be replacing another set of windows this year, an expense of about $3 500. I am also continuing our landscaping project in the back yard, but that is more work than money -- only a few hundred dollars worth of expenses there. There will also be some scraping and repainting of the sidings of the house -- again a lot of work with some some expenses.

All-in-all, life is good. :o)