It has been a long while since this update, but here it is. My first update since the wedding!
Every time I get paid (every two weeks), I update my net worth. The idea behind this is that my goals are that my liabilities drop every two weeks, and by tracking them in this way, I am able to get a nice picture of where I stand financially. Its not a perfect balance sheet that I have (because of student loans I have a negative net worth), but the progress is what I am looking for.
- up $394.08 from February 13th, 2010
- up $8010.47 from February 27th, 2010(one year ago)
These assets include my house (I give it 1% appreciation each year in my appreciation), my RRSP and my TFSA. The stock market has been climbing nicely for the last year and my assets are appreciating because of it.
- better $488.90 from February 13th, 2010
- better $15,781.28 from February 27th, 2009(one year ago)
These liabilities include my mortgage, student loans and a consolidation loan (mainly for my Masters Degree for teaching). I am unfortunately down to a single tutor which will slow down my extra payments on things.
- better $882.98 from February 13th, 2010
- better $23,791.75 from February 27th, 2009(one year ago!)
Continuing the nice positive moves over the last year. As long as I can do the "slow and steady" progress I will be happy. I haven't combined frugala's numbers into here yet (if I ever will), but because she doesn't owe anything, the liabilities section will always be mine.
The last thing I am going to track is the value of the TSX. I have some asset allocation goals that are dependent on the value of the TSX.
Current Value: 11,629.23
Highest Value in Last 2 Years: 15073.13 June 18th, 2008