Net-Worth Update December 2015: $36,941 (+$2,463/+7.1%)

Happy holidays everyone!

I can’t believe that 2015 is almost over. Although progress was a little slow this year due to personal issues, I look forward to a brand new start in 2016. With that being said, I will do a more thorough review of my financial progress at a later time.

In the meantime, December was a month where I had spent more than anticipated. The only reason why I wasn’t in the red was because I had use my bonus from work to make these purchases as opposed to dipping into my chequing account.

Anyhow, here is the breakdown of my numbers for this month:

Assets: $53,653 (+6.3%)

Cash: $9,917

• I am still trying to recover the balance from my orthodontic treatment that I had decided to undergo last month. Although it was hefty price to pay, I believe that it would be worthwhile once I have straight teeth.

TFSA: $40,235 (-0.1%)

• There is nothing major to report in terms of my TFSA portfolio as some days the value went up and on others it went back down.
• The majority of my portfolio is still invested in the energy sector. I will be looking to sell them when they reach back to the original book value.
• I am also in the process of creating a short-list of stocks where I will only be making my purchases from now on.

RRSP: $1,225 (-7.6%)

• The Canadian index fund in my RRSP is performing very poorly and I don’t think that there will be any recovery soon due to the recession.
• My contributions to the RRSP will be towards the U.S index fund from now on.

Pension Contribution: $2,376

• No update.

Liabilities: $16,712 (+4.6%)

Student Loan: $15,737

• Still chipping away on my student loan. I have no immediate plan to repay it in a lump sum anymore.

Credit Card: $975

• As it is the holiday season, I had spent more than I would normally on various things. In this month, I had purchased a new laptop, ate out more than I usually do and went on a vacation with the family.

Total Net-Worth: ~$36,941 (+$2,463/+7.1%)