Welcome to the end of August everyone!
It is amazing how fast the summer has gone by. However, truth be told, I haven’t gotten much done lately on personal finance or anything in life for that matter.
Again, I apologize for the inactivity on my blog. For those who follow along on my journey, it is my promise to you that starting next month, there will be at least one post per week.
Anyhow, here is how my numbers add up for the month:
Assets: $50,152 (+2.2%)
- Now that my tax free savings account is maxed out, I have yet to figure out what to do with my cash. I thought about investing it into my RRSP but I do not like the idea that the investments are not easily accessible.
- In the mean-time, it is all sitting in my chequing account.
TFSA: $39,744 (-3.3%)
- It has been a bad month for my TFSA. The main droppers are my shares in the Canadian Banks and Energy.
- I will be looking to sell my shares in the financial sector as soon as they hit the green and will be replacing them with a TSX index fund.
- I have also moved in big on Wal-Mart and Apple during the last week.
RRSP: $1,586 (-4.0%)
- Just like the investments in my TFSA, my RRSP funds have taken a big hit. The performance of my Canadian and International funds dipped deeper into the red. On the upside, my US index fund is still holding strong in this time of turmoil.
- I am also thinking about opening a Questrade account for my RRSP.
Pension Contribution: $2,376
- No changes since the last update.
Liabilities: $16,713 (-1.9%)
Student Loan: $16,646
- Still chipping away at my student loan one month at a time.
Credit Card: $67
- Just paid off $350 last week. Purchases this month include some personal finance material online and eating out.
- I am also thinking about investing in a new laptop because my current one is starting to break down. 🙁
Total Net-Worth: ~$33,439 (+$1,419/+4.4%)
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