Hi everyone, I hope you are all well. Today I would like to share with you my net worth for the month of June. I like sharing my numbers with you because I find it helps me stay focused on my goals. In May the stock market continued to rise and that had a possible effect on my numbers as investing is a big part of my financials. Due to the rise of the markets and some savings in May my net worth increased 2.7%.
Cash & Savings ($7,002.85) + $1,394.59
Big increase this month with RBC. The cash is earmarked for the credit card when the bill arrives. My family has been ordering more from Amazon over the pass month. Since I have an account I order for them and collect points off my credit card. For the emergency fund there is an increase because in May the government sent it to me and claimed it was for a tax refund. When I filed my taxes in March I owed $569 so maybe I made a mistake and they corrected. Anyway I won’t complain!
I didn’t add as much to my EQ bank accounts as last month. I did however manage to continue to make bi-weekly contributions into each account. I earned $6.40 in interest as EQ Bank offers a 2% interest rate on your savings.
Investments ($175,706.85) + $2,613.34
(WST: Wealthsimple Trade)
I continued to see the valuations of the stocks I hold go up. I also added new money throughout May. I made some small stock purchases throughout the month, not sure what I will do in June I have about $4,000 sitting in my TFSA account.
Liabilities ($7,200) – $700
In March I borrowed $10,000 to invest, I currently have paid back $2,800.
Going into June my net worth currently sits at $175,509.70 a 2.7% increase over May.
Thanks for reading!