September 2020 Net Worth

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

(WST = WealthSimple Trade)

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

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