Wednesday, November 02, 2011
November 1st Net Worth
The green highlighted column is the total of each category. The white column to its right is how much that category increased from the previous month. Our cash is generally our tip out money. But my cash went up a lot more because Kyle's brother paid me back for ordering something online for him when I ordered Kyle's Christmas gift. At this point I've maxed my Tax Free Savings account for this year, so for now it's just bringing in interest. Plus I got my anniversary bonus this month, only $1.65, but still, that's a $1.65 I didn't have before!
Our vacation pay we've been saving up for when the baby comes. Mine will automatically be paid because I will technically have to be terminated to get my maternity leave. Kyle is saving his for the two weeks he'll have off when she's born, that way we won't be broke. By the time she comes he'll have enough that after taxes it will be the same as a regular paycheck. How's that for planning ahead? :)
However, unlike most net worth statements, I don't include our RRSP savings. This is because I'm keeping track of all spendable cash so we know we have enough for school and the move, as well as what we have left over for emergencies or other savings like a car or down payment. Since our RRSPs are locked in and for retirement, we don't have access to that money, therefor I keep track of it separately.
The best part is that we have no liabilities. The few times I actually use my credit card to buy something I pay it off as soon as it shows up on my account. It's a nice feeling to have no liabilities :) Of course, I'm still excited to get a car and buy a house in a few years.
All in all it was a pretty successful month especially considering how much we over spent.