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 $680.89 from February 27th, 2010
- up $8311.93 from March 12th, 2009(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 jumped nicely recently, and I read on a website that the TSX is at its highest value in 18 months. I am still going to stick with my plan of a two year plan before I rebalance though.
- better $719.17 from February 27th, 2010
- better $15,923.70 from March 12th, 2009(one year ago)
These liabilities include my mortgage, student loans and a consolidation loan (mainly for my Masters Degree for teaching). This week I got dinged for taking a week off during the school year (meaning that my salary was lower than it should be). We'll see how this affects me as time continues forward.
- better $1400.06 from February 27th, 2010
- better $24,235.63 from March 12th, 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. With my nice tax return eventually coming in, this will help around this time as well.
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