Posted by Tim Stobbs on September 1, 2010
This post should almost have the sub-title: where not much was done. I had a change in plans over the summer. My wife and I booked our trip to Hawaii to celebrate our 10 year anniversary this winter. The problem was I was planning to save up for it for the last half of the year. Then once I realized I could either drain my savings and pay for it now or use the line of credit. I decided to just pay cash and be done with it. As such we stopped any extra savings for retirement or any extra payments to the mortgage during the summer to refresh our savings account, so not much will happen with the numbers below.
Wife’s RRSP $11,900
Wife’s Investment Account $11,400
Wife’s TFSA $7,300
My Investment Account $6,000
High Interest Savings Account $3,600
Net Worth $354,000 (+$12,300 or +3.6%) [+ 16.3% YTD ]
Investment Net Worth $106,600 (+$1,500 or +1.4%) [+ 8.0% YTD]
Mortgage is down by $28,600 or 66% of my goal for 2010.
The housing market price gap has looked to stabilized a bit so I’ve went ahead and updated my house value on the lower end of the range. So that was the primary increase you will see this month.
I keep working on my mortgage goal even when I know I won’t hit it this year. I took a reduction of hours at work which made making the goal impossible. Yet I still still interested in seeing how close I can get to it.
(Click to see larger version)