Net Worth Update: April 2021

Welcome to my net worth update for April 2021! These numbers represent my wife and I’s net worth as of April 1st. If you haven’t already, check out my previous net worth update.

Expenses in Depth

This net worth update is something of an anomaly. And that’s for a few reasons. The first reason is that our spending was way higher than normal in a few categories: home maintenance, home items, and helping family.

With spring upon us, we decided to pull the trigger on a new patio set that we’ve had our eye on. Up until now, we had been using a folding table and chairs when hosting guests or just relaxing in the backyard. So we finally ponied up $1,700 to buy a decent, 5-piece conversation set.

Our home-related expenses really added up last month.

Spring also means one other thing: lawn and yard maintenance. And this year I decided to get serious about my lawn. I paid to get the lawn detached, aerated, and to have a couple yards of topsoil delivered. After many afternoons of exhausting manual labour (and I’m still not done), my wallet became $800 lighter.

Our other big, abnormal expense is categorized under “Helping Family.” Generally, we try to help out our family a few times a year. Usually, we’d look to take them on a vacation or to plan an elaborate birthday party or two. But with COVID, paying a few grocery bills seems to show appreciation just as well.

Net Worth Increase

Despite having a lot of extra expenses last month, our net worth increased by an incredible $16,900 to $382,300 – an increase of 4.6%! This is our largest monthly net worth increase to date.

Thanks to our extra income, we were able to save tons of cash last month.

So, what happened?

Well, my wife and I both received 3 paycheques which boosted our income by 50%. And on top of this extra income, I received a $4,300 tax refund from all of my RRSP contributions last year. I’m kicking myself for giving the CRA a “loan” over the past many months, but it was still a nice treat when that direct deposit hit my bank account.

Investments and Dividends

Thanks to our extra income, we were able to contribute $10,600 to our investment accounts. This brought us so much closer to our goal to invest $30,000 in 2021. It seems clear that we’ll not only hit this goal early but exceed it as we reach the mid-point of 2021. 

Our goal to invest $30k is well within reach!

We used these contributions to help balance out our portfolio. My objective has been to get our U.S. allocation up to 44%, and so I invested $7,000 more into the VUN position I recently opened in my TFSA. My wife used the remaining money to stock up on XDG and XAW. We’re about in balance now, so I plan to start investing in VIU, VCN, and VEE again soon.

Passive income is helping us offset some of our monthly expenses.

As you can see, our passive income did quite well, earning us $151. This is enough to cover the cost of both of our mobile phone plans, our internet bill, and filling up our car’s gas tank. Hopefully, we’ll see this number continue to increase in the months ahead.

Since we’re not 100% focused on dividend stocks, our dividend growth has been somewhat slow. In fact, it’s closer to what you’d expect with a regular diversified portfolio or an all-in-one ETF. We’re happy with our current investments, however, as we like exposure to growth sectors of the economy while also earning some dividends along the way.

Thanks for Reading!

Thank you for checking out my net worth update for April 2021. I recently wrote a few articles that you may be interested in. This includes my article on the WallStreetBets phenomenon and my article explaining how to get cash back from your realtor. Consider giving those a read if you think they’ll help you on your financial journey!

As always, please consider following me on social media or signing up for my monthly newsletter if you’d like to get notified when I post new content. 


  1. Your report is one of the best I follow monthly! Honestly, I want to see your grocery bill. $250 a month is so impressive. I know we talked about it in the past but still. I think I have to starve my family to make it $500 for 4 a month! After couple months, I might end up with no kids (Child Service). Haha

    Awesome increase and saving! We had similar numbers even though you guys are lucky to have 2 earners. Guess you underestimated yourselves and you will probably reach the goal next month. Nice investments on the loan and patio. I am sure Summer will be much more relaxing this year. Do you have a pool? Is that next?

    I am adding XUU for US total market but VUN is a solid choice too.

    Regarding XDG, have you heard of BDIV? I started a position there and liking its almost 6% yield. Although, it is active with up to 33% covered calls so there is a risk of leaving profit but the chart is promising. It is even performing better than XDG which is surprising to me. What do you think? Maybe I am missing something or are just dreaming (Mr. Dreamer dreams as you know, Haha)

    1. Thanks for your comment Mr. Dreamer! I think I’ll have to start a grocery bill consulting service or something (ha!). No pool for us, but we’re hoping to get one of those giant umbrellas for our patio to give us some extra shade.

      I’ve never heard of BDIV. Looks very interesting. I hadn’t considered adding a covered call strategy to my portfolio. Getting that strategy all wrapped up nicely in an ETF is pretty attractive. Thanks a lot for sharing! I might have to write a post about this one someday.

  2. I’ve heard many people are having trouble even finding patio sets this year, so you did well! Great savings this month too. I’m slightly disappointed you’re loaning the CRA money, however. 😉

    1. Yes, it’s been crazy! It’s sooo hard to find good patio furniture or even just regular furniture these days.

      You’re totally right about the loan. I’m kicking myself since the bulk of my RRSP contributions were actually made way back in March of 2020. That’s right, I basically gave them a loan for a YEAR. Won’t be doing that again this year.

  3. Thank you! I’m glad you’ve been enjoying my net worth updates, FrugalMoneyAsian. Sharing has been motivating for me, too. And it’s also helped keep me accountable. Cheers!

  4. Excellent report, AL! I really love your in-depth expense chart. It’s awesome that you were able to increase your net worth while incurring a few extra expenses. I also need to get a small patio set for our balcony sometime this spring. Looks like you are well on your way to crushing your investment goal for the year. Thanks for sharing!

    1. Thanks, Graham! You know when we bought that patio set I was convinced we weren’t going to save much this month. But then I realized it was a 3 paycheque month AND I got my tax return. It ended up being a huge month for us. Hopefully our next net worth update is half as good!

    1. Thanks a ton! Really appreciate you being a loyal reader and that you’ve been enjoying these updates 🙂

Comments are closed.