Net Worth Update

As of January 1st, my net worth was $141 897 (up 2.8% from $137 993). If I exclude house-related assets and liabilities, my net worth was $99 532 (up 3.8% from $95 888). However, the last payment for the windows has not been made yet, so the totals should actually be $2 500 lower. And December was a 3-payweek month, so this also boosted my assets. But the year 2010 has been a very good year. :o)

Assets ($204 124, up 3.5% from $197 251)

• Bank Accounts $8 132 (up 41% from $5 754)
• Emergency Funds $2 783 (up 3.9% from $2 678)
• RRSP Accounts $63 134 (up 4.6% from $60 361)
• Non-Retirement Investments $31 423 (up 3.3% from $30 411)
• Home $98 430 (stable)

Liabilities ($62 226, up 4.1% from $59 779)

• Credit Cards $6 076 (up 75% from $3 482)
• Mortgage $56 065 (down 0.4% from $56 324)
• Line of Credit $0 (stable)

Ratios

• Debt / assets: 0.305 (up from 0.303)
• House value / total assets: 0.482 (down from 0.498)

Just before the Holidays, there were some big unplanned expenses. First, my lady's car had some extensive repairs that needed to be done, which were a safety issue. She didn't have the cash on hand to pay for those, and was looking at a 9% financing to pay for it. So I offered to pay for the repairs and she'll pay me back. Similar story for her computer -- it had been troublesome for some time and key features began to fail, so we replaced to. Together, those two items cost about $3 000, which explains the spiking of the amount on my credit card. I'll pay this fully (out of available cash from my emergency fund) when the CC statement comes in.

If not for this, expenses for the Christmas would have been quite reasonable. Even with those, things are still running smoothly. It's good to have some margin of safety!