You’ll notice it’s clearly not April, but hey, #lifehappens.
Tax returns came and went, I had some surprise costs, and still managed to increase my net worth, woohoo!
Given that I have about 5 months worth of pay still coming in I’m right on track to break over $50,000 net worth by the end of this school year (goal #1). Goal #1.5 would be to fully fund my retirement accounts via the TFSA and RRSP.
Originally the goal would have been to hit $100,000 net worth by the end of next year but I decided to take a $20,000 pay cut. I won’t rehash the reasons here but I feel pretty good about the decision.
Emergency fund: $10,000 enough to cover any sudden costs or tax reassessments (ha!) I don’t have any dependents/mortgages/debts so a small one suits me just fine. When I’m in China I live in the school dorms, and when I’m in Canada I live at home so those are some huge safety nets.
Investments: all index fund ETFs through Questrade because it’s free to buy 😀
TD and Lloyds: one holds Canadian dollars and the other one holds British pounds.
The big thing to watch out for would be the month where I’m not working and on vacation back home. I’m stuffing that one month full of friends and life errands (insurance, anyone?) so the spending is going to skyrocket. Might set aside a couple thousand and see how it goes.