
Hello everyone and welcome to another net worth post. How was your August? Mine was just ok, I seemed to spend more money than I would have liked as less went into savings. I wish I knew where it went but oh well I guess those things happen from time to time. Despite what I just said my net worth actually increased 3.6%, bigger than July’s 2.5% increase so my portfolio is still heading in the right direction.
Cash & Savings ($7,708.15) + $82.53
RBC
August | September | Change | |
Cash | $633.53 | $208.45 | -$425.08 |
Emergency Fund | $2,000.09 | $2,000.17 | $0.08 |
Total | $2,633.62 | $2,208.62 | -$425.00 |
As you know from previous posts I don’t tend to keep much money lying around outside of my emergency fund. This month was no different as that $208 was earmarked to go on my credit card bill.
EQ Bank
August | September | Change | |
Yearly Bills | $1,474.63 | $1,601.85 | $127.22 |
Car Fund | $598.20 | $724.12 | $125.92 |
Travel Fund | $1,948.57 | $2,076.49 | $127.92 |
Future Housing | $970.60 | $1,097.07 | $126.47 |
Total | $4,992.00 | $5,499.53 | $507.53 |
I was able to continue putting money aside and into these accounts not as much as I wanted. In July I was able to save $1,208 and this month just $507 which is still good but something I would like to improve upon in the future. On a positive note I am now less than $500 away from achieving my travel fund goal for 2020.
Investments ($186,137.94) + $5,372.43
August | September | Change | |
RRSP (RBC) | $114,130.12 | $117,015.73 | $2,885.61 |
TFSA | $60,976.64 | $63,243.16 | $2,266.52 |
LIRA | $5,107.16 | $4,978.27 | -$128.89 |
RRSP (WST) | $551.59 | $900.78 | $349.19 |
Total | $180,765.51 | $186,137.94 | $5,372.43 |
My investments led the way as they usually do this month growing 2.97%. In August I was able to max out my contribution room in my Tax Free Savings Account (TFSA) and made a bigger contribution in my WealthSimple Trade RRSP account. From now till January I will be making larger contributions into my Registered Retirement Savings Plan (RRSP) account. In August I received $437 in dividends from my investments.
Car ($24,000)
I own a 2020 Hyundai Kona which I bought in June. I plan on updating this annually.
Liabilities ($28,664.73) – $841.04
Car loan ($22,864.73) – $491.04
Loan ($5,800) – $350
Net Worth
I saw a bigger increase to my net worth this month as it grew 3.6%.

Hope you all had a great month.
Thanks for reading!
Matthew
“A part of all you earn is yours to keep”
The Richest Man In Babylon
You’re doing fine with your savings and investments Matthew. Keep moving forward.
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[…] Well done for this millennial – All About The Dividends was able to max out his Tax Free Savings Account (TFSA) contribution room and made a bigger contribution in his RRSP account. […]
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