Hello to all of my personal finance peeps out there hope you are all doing awesome! Today’s post is about my net worth for the month of June and where I sit heading into July. For me June was a big month I celebrated my birthday on the 24th also I felt like it might have been my best financial month. I say that because on the investing side I received a record amount of dividends, you can find out here. On the debt side I was able to make a large extra payment towards my debt that I owe on my car. Also I had a small win, at the end of June I won $20 bucks in my fantasy baseball league.
I do have some big news to share with you though. During the middle of June I decided to quit my part-time job. With this decision I am now down to one job, last year I work three at one point. One reason why I quit is because I wanted to take sometime off in between jobs and not burn myself out. Last year I worked three jobs and only had 15 days off throughout the year. Also I would have needed to pay money to renew my licence as a security guard by June 24 (my birthday) which would have cost $120, since I was becoming less committed to the job I thought this was a needless expense.
All numbers that will be shown below are as of June 30th.
|Cash & Savings||$5,510.52||$6,074.21||-$563.69|
Cash & Savings (-$563.69)
My cash at the end of June dropped my $563.69 normally that is a bad thing but for me it is good. I say this because the drop came out of my car account and the drop means I made an extra payment towards my car loan. Normally I save up roughly $1,500 in the account then I go to the bank and put it towards my loan. My emergency fund continues to grow, each month I will continue to put money into the account each month until the balance reaches $10,000.
|Locked in RRSP||$4,641.42||$4,095.99||$545.43|
June was a great month for my investments I had some big growth. Each account grew nicely one reason for this was one of my stocks Enbridge received approval in Minnesota for their Line 3 replacement program and that send the stock price soaring. Last month I mentioned that I was concerned with the lack of growth from my portfolio that concern has subsided a little bit after this month. If I take dividends ($650) out of the equation my portfolio grew by it’s own $3,542.42.
I currently own a 2015 Hyundai Elantra GLS and according to Canadian Black Book the value of the car is now $14,282.00. I check this every three months. I will post a new value in my July post.
Hey guys I am so happy to share this with you. In June I was able to pay down a large amount of my debt. I mentioned above that I quit my part-time job in the middle of the month, a week or so after that I received all the money that they owed me roughly $800 after taxes and at that time in my car account I had $1,700 so once I received my new money I immediately went to the bank and made an extra payment of $2,500 towards my loan. I figure I knocked off 7 to 8 months worth of payments.
June saw my net worth increase by $6,624 my biggest increase in a single month since I started tracking my net worth. Fingers crossed I can sustain that kind of growth 🙂
How did you guys do in June? I hope your net worth grew as well.
Thanks for reading