Great start! Good job!
take note - this is a very smart approach1) I've been tracking my net worth on a per check basis like I stated, and so far I'm finding that I'm getting on average a 9% increase every 15 days. The bulk of it is coming from paying down/off my debt aggressively, and the rest is coming from mortgage payments, and my savings contributions.
Michika, you may find that updating your net worth every 2 weeks creates too much noise. I update every month and even that can be a bit much. Remember, it's all about the long term trend. Keep up the great work!This time I saw my numbers drop to reflect a decrese by -0.77%. Unfortunately it happens sometimes. This bi-weekly drop as a culmination of the timing of when my bills were generated, along with a few expected expenses and some semi-emergency purchases that we were expecting however, not for at least another month.
Essentially I put off my usual large lump sum debt payments this check in favour of other required purchases for my home, and for myself.
I think that is why you have an emergency fund though. It is better to have that then to wish you had it and now have to dip even more into your RSP. So I must say well done on having it and good luck in getting it rebuilt back up.michika said:had a couple of bumps in the road in June. First we were the recipients of two back to back emergencies which completely depleted my newly topped up emergency fund
The lessons from the FP stock challenge would be the ones you don't want to learn.I'm still wary of investing but loved the option to learn more about the stock market by playing the Financial Post Stock Challenge