October 2020 Net Worth

Hello everyone and welcome to my October net worth post. How was your September? For me, September was a good one on the health and work front. School’s restarted here and I work as a custodian in one of my local school boards, so far everyone is safe and healthy at my school. On the financial front I spent more money than I normally do which I will share with you below. Also the stock market was more volatile and took my investment portfolio lower.

Cash & Savings ($7,561.41) – $146.74

RBC

	September	October	Change
Cash	$208.45	$191.92	-$16.53
Emergency Fund	$2,000.17	$2,000.25	$0.08
Total	$2,208.62	$2,192.17	-$16.45

Not much going on with my RBC accounts. My cash account is money I have set aside to go towards my credit card bill when it comes in. I earned a big $0.08 in interest for my emergency fund. I should really look to see if there are better options out there to increase the money I earn in interest.

EQ Bank

	September	October	Change
Yearly Bills	$1,601.85	$1,315.97	-$285.88
Car Fund	$724.12	$775.18	$51.06
Travel Fund	$2,076.49	$2,129.44	$52.95
Future Housing	$1,097.07	$1,148.65	$51.58
Total	$5,499.53	$5,369.24	-$130.29

In September I didn’t put as much away in savings as I normally do. I spent a bit more money this month on a couple of things. The first being I bought new snow tires and rims for my new car that cost about $1,050 and the second biggest expense in the month was my annual subscription to Globe to Go the digital version of the Globe and Mail newspaper which cost after taxes $330.

Investments ($182,401.78) – $3,736.16

	September	October	Change
RRSP (RBC)	$117,015.73	$114,632.33	-$2,383.40
TFSA	$63,243.16	$61,878.82	-$1,364.34
LIRA	$4,978.27	$4,704.14	-$274.13
RRSP (WST)	$900.78	$1,186.49	$285.71
Total	$186,137.94	$182,401.78	-$3,736.16

WST = WealthSimple Trade

Due to the volatility of the stock market in September my portfolio fell in value by 2.01%. Their was one positive in the month the first being that my portfolio received over $700 in dividends. Also I made a number of changes to my portfolio particularly my TFSA account not sure how it will affect the growth over time.

Car ($24,000)

I own a 2020 Hyundai Kona which I bought in June. I plan on updating this annually.

Liabilities ($26,991.63) – $1,673.10

Car loan ($22,541.63) – $323.10

Loan ($4,450) – $1,350.00

I continue to make bi-weekly payments on my car. I did however this month decide to make an extra payment of $1,000 to my parents to help payoff the loan to them.

Net Worth

After five straight months of gains my net worth saw a decrease of 1.17% to its value due to the stock markets ups and downs in the month. With the stock market making up so much of my net worth I expect these things to happen.

Hope everyone had a great month!

Thanks

Matthew