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  1. So, have are you earning any interest on the $144k emergency fund yet???

    This seems like a no brainer…

    I recall that you told me some of this is tied up in the UK. Say the 80k was here in Canada. you invested at 1.5%, with no risk. Tat is $1200 per year. $100 per month!

    Easy money!

    I am not much of a couponer, but don’t like to leave money, not working!

    1. Yes the money is invested at 2% starting this month but was just over 1% (CRAP) but better than nothing. The UK money is making us more money per year than interest here so I’m happy with that for now. SO no the money is not just in a savings account. The money will be used to pay off our mortgage in the next year. Then we begin building it up again.

  2. Good going CBB household!

    I do a quarterly comparison on our net worth over the last 12 months but seeing as you are doing your valuation monthly, you can easily set up a page in your worksheet for a side by side comparison of your assets & liabilities growth or lack thereof.

    Then you can see if you are making progress, if certain areas of your financial portfolio need a little more attention to maximize their growth and it’s always exciting to watch the debts decrease. It’s also useful for developing a strategy of where to put your attention next.

    As a gal that loves percentages…I like to know not only the dollar value increase/decrease in a given category but what percentage of the category total is that? For example, if your mortgage is X dollars & you made payments of $$$$ of which only Y went directly against the principal, how much is Y/X expressed as a percentage. Is this the rate of decrease you were trying to achieve this month? I never had a mortgage longer than 60 months before I achieved a full payout. In order to achieve that goal… it’s X (mortgage total) / 60 = the amount required to be applied against principal each and every month.

    By the same token, I evaluate the growth in my assets but it’s not as clear cut in some categories as in others. If you are adding cash to your RRSP for example, I would run two figures…the percentage of increase strictly from new money and also a percentage on the growth of funds already invested within the RRSP. You’ll be able to see how much increase is coming from where & you don’t ignore the current investments thinking your growth percentage is good when actually the addition of new money is inflating the figure.

    Not everyone wants this much detail but I find it helpful for my planning.

    1. You’re Hired! when can you start lol… I would love to do all of this Mary but just don’t know where to begin. Maybe you and I can chat via email and you can give me some advice. Cheers darlin.. you’re the best! Mr.CBB

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