Net Worth Update: May 2021

Last updated on September 15th, 2021 at 12:20 am

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

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Net Worth Increase

Let’s get right into it! I’m happy to report that over the last month our net worth increased by $7,700 to $390,000. That’s an increase of 2.0%! Most of this increase came from saving our employment income, but a sizable amount came from investment growth.

Our investments added $1,700 to our net worth.

Seeing $1,700 in total appreciation and dividends is amazing for us. I look forward to the day when our investments make up the bulk of our net worth increases each month. For now, our employment income will have to do the heavy lifting — and boy, has it ever. Take a look at how we’ve done over the past 12 months:

Our liquid net worth has more than doubled in the past 12 months.

Since starting AnotherLoonie, our liquid net worth has exploded. Soon enough we’ll be back to where we were in late 2019 before we bought our home when we had just under $200k in cash. Except this time, the majority of it will be stashed away in our registered accounts, earning a healthy return. I can’t wait!

Our home equity still dwarfs our investment accounts.

Investing and Dividends

I’m also happy to report that we completed our goal to invest $30,000 in 2021. Best of all, it took us less than half the year to not only meet but to exceed our goal! That’s thanks to $6,600 in contributions to our TFSAs in the last month, bringing our total contributions to $33,850 for the year!

We’ve now exceeded our goal to invest $30k in 2021!

So, now what? Well, we’re going to keep investing our extra cash, and hope to grow our dividends as high as possible this year. Speaking of dividends, we earned $200 this past month, which is one of our best months to date!

We earned $200 in dividends, but basically nothing in interest.

We would have earned even more passive income had our Tangerine savings account promotion not ended. We instead moved our savings over to EQ and purchased a 3-month GIC earning 1.5%. That should give us an extra $37 in passive income once the 3-month term ends.

Expenses in Depth

My wife and I did a much better job keeping our expenses in check compared to our April net worth update. We did have a few large expenses, including helping our family and purchasing a pricey (for us) accent chair. We also spent more on eating out than I’d like, at $196. But since there’s not much else fun to do except getting takeout, I’ll give us a pass.

“Home Items” and “Helping Family” were our biggest, abnormal expenses.

Our grocery bill came in at a cool $300, which is on the higher end of what we normally spend. The same can be said for our alcohol budget, which we blew past by spending $92. However, despite this extra spending here and there, I’m overall quite happy with our expenses for the month. What do you think?

Thanks for Reading!

Thank you for checking out my net worth update for May 2021. I recently wrote a few articles that you may be interested in. This includes my guide on closing costs in Canada, my choice for the best preferred share ETF in Canada, 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. Congrats on hitting your $30K goal so soon. And you were able to maintain a high level of savings while you did it. 🙂 Great work.

    1. Thanks Liquid! I’m excited to see just how much we can save this year.

  2. You know the most interesting part of your report? That last paragraph! The Grocery expense. Finally you reached $300! Man, Grocery is going high exponentially. You think with stronger $CAD and as many products are imported, the prices decrease but go figure. They just go up!

    And congratulations on the extra $7.7. We had a similar increase at $7K.

    For EQ and Tangerine, I was one of the lucky ones who got the 1.5% promotional from Tangerine until end of Aug. Moved the money from EQ back to Tangerine as soon as EQ reduced its interest down to 1.25%

    1. Oh, man! I’m so jealous of your Tangerine promotion. I had a promotion for a good 6 months or so but now they’ve taken it away. Without a promotion, their HISA pays 0.10% which is basically nothing.

      $300 is a lot for us! But just wait – if we can get vaccinated and have friends over this summer we’ll have some huge grocery bills. Patio dining doesn’t come cheap!

      1. Nothing beats great moments with friends. Hope things get better. I am going to register for the vaccine this or next week when it opens up for my age in QC. Pfizer I hope.

        And yeah! I have been lucky lately getting offers from either Tangerine or Simplii.

  3. Hey AL, congrats on achieving your 30k goal. You absolutely destroyed your target this year. It’s awesome that you are nearing the amount you had before you bought your house as well. Nice that you’ve been able to help family. I’m looking forward to see how the rest of the year goes for you. 🙂

    1. Thanks Graham for your kind comment. Happy to have you stop by! I think we’ll keep saving hard, and hopefully end up with some nice dividends by the end of the year. We’ll see!

  4. Wow groceries at $300 a month for the two of you? I think my kids eat more than you haha. Well done AL!

    1. Ha! Yep, that’s for the two of us. We shop at Superstore and Save-on. I think I need to post my grocery bills one of these days – people seem interested!

  5. You are crushing it this year, AL! Congrats on saving such a huge amount and beating your annual goal before we’re even halfway. Very nice work!

    And yes, I’d say you can give yourselves a pass on the takeout expense. There are few fun pleasures we can partake in right now, and that’s hardly much of a splurge anyway. 🙂

    1. Thanks, Chrissy! Yea, I really underestimated our ability to save. I thought we’d do a lot more furniture shopping, but we’ve hardly made any progress on that front. The one couch we do like requires us to wait at least 6 months… We’ve had a hard time justifying such a big purchase when we don’t even know when we’ll get it – if ever!

  6. Wow! Congrats, these are amazing achievements. Looking forward to reading your next updates. Keep it up.

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