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Monday, August 2, 2010

Net Worth Update - August 1st, 2010

frugala's and my numbers are finally linked, and despite doing two weeks of painting and installing laminate flooring (which costs money), we still ended up okay for our first update.

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.


ASSETS:
- down $15,682.92 from July 17th, 2010

frugala donated some of her assets to remove one of my loans, which is why this number looks really bad. The theory is that I will be taking on all of the bills myself in exchange instead of splitting them down the middle which has happened in the past.

LIABILITIES:
- better $15,775.32 from July 17th, 2010

Once again, with a loan paid off, this looks very nice. Next week will have more realistic numbers.

NET WORTH:
- better $92.40 from July 17th, 2010

With my loan being charged a much higher interest rate than what frugala was earning on her GIC, this will naturally improve more. A nice start though!

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.

TSX Graph
Current Value: 11,713.43
Highest Value in Last 2 Years: 13771.25 (August 29th, 2008)

We are exactly two years from the high within the two years. The market hasn't been over 12,000 consistently since September, 2008. For these purposes, the stock market was about 13000 in mid September 2008, so I will either rebalance when the TSX hits 13000 or 12500 after September (once I get my raise).

1 comment:

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