November 2017 Net Worth

Hi everyone and welcome to my second ever net worth post. The month of November was a pretty good month for me both financially and personally. On the financial front I had a very good month my net worth increased by over $2k. Personally I got a new job which pays significantly more than my other two jobs. The new job should allow me to further increase my savings and investing.

Let’s go see how I did in each category.

All numbers are as of November 30, 2017

	November	October	Change
Cash & Savings	$8,587.49	$7,586.27	$1,001.22
Investments	$114,439.70	$113,348.20	$1,091.50
Car	$15,343.00	$15,343.00	No Change
Liabilities	$14,679.78	$14,799.41	(-119.63)

Cash & Savings (+$1,001.22)

	November	October	Change
Car Account	$247.28	$0.00	$247.28
Savings	$1,335.89	$586.27	$749.62
Emergency Fund	$7,004.32	$7,000.00	$4.32

Cash – $1,583.17 (+$996.90)

My cash balance currently sits at $1,583.17 a big increase over October’s figure. This number does not include my emergency fund.  I now have 4 savings accounts, one of my accounts I have with Tangerine Bank the money that goes into that account is from my credit card which is a cash back card and the money is deposited into the account at the end of the month. Depending on how much I spend the amount is deposited is usually between $4 to $7.

I have created a new account named Car Account I will be using this account to save up money, then use that money to put on my car to help pay it off sooner. The goal is to add money to this account each month until it reaches $1k then remove the money and put it towards my car payments.

Emergency Fund – $7,004.32 (+$4.32)

My emergency fund grew $4.32 last month that is from the interest my bank paid me.

Investments (+1,091.50)

	November	October	Change
Locked In RRSP	$3,980.44	$3,934.84	$45.60
TFSA	$25,614.39	$25,544.44	$69.95
RRSP	$84,844.87	$83,868.92	$975.95

Car – $15,343.00 ($0)

I currently own a 2015 Hyundai Elantra GLS that has a current value of $15,343.00 it is the same value as last month. I will check the value every three to four months. I found the value of my car on the site Canadian Black Book. 

Liabilities 

	November	October	Change
Credit Card	$247.27	$70.00	$177.27
Car	$14,432.51	$14,729.41	–$296.90

Credit Card $247.27 (+$177.27)

My credit card bill increase this month over last due to a little more spending.

Car $14,32.51  (-$296.90)

I made two car payments in November totaling $296.90. Slowly I am paying off my car.

Total Net Worth

As we entered December my net worth stood at $123,690.41 an increase of $2,212.35. The stock market continues to rise which was a big help to me. Also I was able to add $1k in my savings account.

Well that wraps up my second ever net worth post. What do you guys think? How did you do in November?

Thanks for reading

Matthew

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