Hi everyone and welcome to my August net worth post. Last month was pretty quiet for me the complete opposite from June. Nothing to exciting to report.
Cash & Savings ($7,625.62) + $415.36
RBC
| July | August | Change | |
| Cash | $1,426.49 | $633.53 | -$792.96 |
| Emergency Fund | $2,000.00 | $2,000.09 | $0.09 |
| Total | $3,426.49 | $2,633.62 | -$792.87 |
A negative month for my cash this month only because it wasn’t a pay day when the month changed over. This month I earned a big nine cents in interest in my emergency account.
EQ Bank
| July | August | Change | |
| Yearly Bills | $1,172.17 | $1,474.63 | $302.46 |
| Car Fund | $297.25 | $598.20 | $300.95 |
| Travel Fund | $1,645.33 | $1,948.57 | $303.24 |
| Future Housing | $669.02 | $970.60 | $301.58 |
| Total | $3,783.77 | $4,992.00 | $1,208.23 |
I was able to increase my savings in EQ Bank by 32% this month due to getting paid three times. It felt good to be able to put a little extra away. Soon I will hit my goal for my travel fund which will be exciting.
I earned $7.32 in interest with EQ Bank for the month. On a sad note EQ Bank announced in early August that they will be reducing their interest rate to 1.70% down from 2% which is disappointing but still higher than what the big banks pay.
Investments ($180,765.51) + $3,381.05
| July | August | Change | |
| RRSP (RBC) | $111,779.37 | $114,130.12 | $2,350.75 |
| TFSA | $60,282.08 | $60,976.64 | $694.56 |
| LIRA | $4,936.55 | $5,107.16 | $170.61 |
| RRSP (WST) | $386.46 | $551.59 | $165.13 |
| Total | $177,384.46 | $180,765.51 | $3,381.05 |
I seen growth in all of my accounts which makes me very happy. I received a record amount of dividends in the month ($870) which definitely helped the portfolio increase in value. My TFSA account is slowly recovering from the stock market declines of March, it is currently down 14%.
Car ($24,000)
I own a 2020 Hyundai Kona which I bought in June. I plan on updating this annually.
Liabilities ($29,505.77) – $703.48
Car ($23,355.77) – $353.48
Loan ($6,150) – $350
Net Worth
It was another successful month financially for me, my net worth at the end of the month stood at $182,885.36 a gain of 2.5%
Thanks for reading!
Matthew
Love the steady increase. 2.5% every month definitely adds up over time.
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Thanks Maria, yes those increases definitely add up over time.
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Interesting article.
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